Car insurance help please?

custardy

you have to look at it as paying for a servie.
you pay £x per annum for insurance regardless of whether you pay in a lump sum or monthly.
if you get a payout on the insurance for a total loss you still owe the full years premium of £x

mrtg0525

I think you may have one of those insurance policies that expire together with the car. Unfortunately that's just the way some companies seem to work whereas others do indeed cover you for 12 months.

It may be worth looking into specialist 4x4 insurance for the Vitara even though this sounds like a bit of a joke. This may net you lower premiums, but you have to be careful not to chose one of those policies that requires you to have another main vehicle.

raskazz

No, you are wrong, it is not "because you have had a claim". It is because your new car falls outside of formalised underwriting criteria for the policy that you had took out.

In English law, after you make a claim for total loss of the subject-matter of insurance (in this case your car), the contract ceases - called "discharged through performance" - and the full annual premium is still due.

If your new car was acceptable to the underwriter of the policy, they would have covered you on it for the rest of the policy year merely as a courtesy, not because they are obliged to. What did the insurer agree when you took out the policy - to pay out according to the terms of the policy for whatever vehicle you specified. They are under no obligation to continue cover with a substitute vehicle.

You should have phoned your insurer before commiting to buy the vehicle. Then you would have known exactly what they could or could not cover. Annoying as the situation is, you have to bear responsibility for this.

krystal-divination

i work for a large insurance company and under the FSA regulations we give a refund back of any unused insurance charge minus a cancellation fee, even if there has been a claim.

I have worked for the company 10yrs and we have always given refund.

maybe different companies have different policies.

Doesnt sound fair to me though.

raskazz

krystal-divination wrote: »

i work for a large insurance company and under the FSA regulations we give a refund back of any unused insurance charge minus a cancellation fee, even if there has been a claim.

I have worked for the company 10yrs and we have always given refund.

maybe different companies have different policies.

Doesnt sound fair to me though.

You say 'under the FSA regulations' you do this - could you please point me towards any actual FSA regulation or FOS statement that requires such a refund?

Your company may well do this, but I am 100% certain that it is only individual policy, not an FSA requirement.