Cosmetic car insurance

dasnewcar Forumite Posts: 3
First Post
edited 29 August at 2:31PM in Motoring
Most reliable insurer


  • Ayr_Rage
    Ayr_Rage Forumite Posts: 499
    100 Posts Photogenic Name Dropper
    @dasnewcar what exactly do you mean by COSMETIC car insurance ?
  • dasnewcar
    dasnewcar Forumite Posts: 3
    First Post
    Small scratches and bumps also need wheel coer
  • la531983
    la531983 Forumite Posts: 817
    500 Posts Name Dropper
    The problem is the most "reliable" (and how are you judging "reliable"?) may be treble the price as the cheapest, so you pay your money and take your choice.
  • dasnewcar
    dasnewcar Forumite Posts: 3
    First Post
    Sorry wheel cover
  • fatbelly
    fatbelly Forumite Posts: 19,173
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    Ayr_Rage said:
    @dasnewcar what exactly do you mean by COSMETIC car insurance ?
    It's a new one on me too
  • born_again
    born_again Forumite Posts: 11,678
    10,000 Posts Fourth Anniversary Name Dropper
    MSE version.
    Put whatever the premium is for the insurance into a savings policy.
    Odds on at the end of the ins policy, you are quids in 👍
    Life in the slow lane
  • Barkin
    Barkin Forumite Posts: 182
    100 Posts Name Dropper
    Crumbs, I didn't know that was A Thing! 
  • sheramber
    sheramber Forumite Posts: 17,478
    Ninth Anniversary 10,000 Posts I've been Money Tipped! Name Dropper
    I think you can insure against anything , at a cost.
  • DullGreyGuy
    DullGreyGuy Forumite Posts: 6,175
    1,000 Posts First Anniversary Name Dropper
    sheramber said:
    I think you can insure against anything , at a cost.
    No, you cannot insure against intentional illegal activities by yourself... there used to be drink driving/loss of license insurance which would pay for alternative transportation whilst you are banned from driving but it was fairly quickly scrapped as a product.

    Outside of that though you can insurer anything, though it may not be economical to do so if the probability of loss is too high or quantifying the risk too hard. That said, in the Corporate world there are products like Loss Sensitive insurance with side agreements for an aggregate deductible for things like fleet insurance for hire car companies were its a certainty that there will be notable losses each year but they're required to hold ground up insurance.
  • Ditzy_Mitzy
    Ditzy_Mitzy Forumite Posts: 1,784
    1,000 Posts Third Anniversary Name Dropper Photogenic
    Tread carefully: the article states that claiming on a cosmetic insurance policy won't affect no claims bonus on one's proper policy, but it doesn't say that a cosmetic insurance claim is exempt from the 'claims, incidents and accidents' clauses within the policy proper.  Claiming on the cosmetic policy, therefore, might end up counting as an insurance claim at the time of renewing the policy proper, in the same way that claiming on an unrelated motor policy (say as a named driver or under a hire car policy) does.  For that reason it might be a double edged sword, in that it seems to blur the line between what constitutes an insurable event - accidental or malicious damage - and plain wear and tear - stone chips, fine scratches, reaction to bird droppings etc.  The latter would normally be repaired on a self-funded, private basis by the owner and wouldn't trouble the provider of motor insurance.  Claiming for repairs on that basis on a cosmetic policy may alter that.  

    I'm not familiar with the product, but it's worth finding out.  
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