TangoVictor32

Insurance renewal dilemma

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Hi all it's been a while. I have been away and have been ill! 

My son's insurance is due for renewal in a couple of weeks.

He trades from home part time.

His new quote from bollington is £1900. After phoning them he got it to £1600 and the rep was pushy for him to buy it. 

The quote includes 

1450 insurance plus a 12% insurance premium tax but won't this be included in the actual premium? Then there's the £150 admin fee... Yes! And £70 for MID management and legal cover. 

Rep was pushy saying this is based on your risk. 

BUT dont you think insurance will go down now? Because the risk is reduced? We're not trading nor buying due to coronavirus !!

He doesn't want to commit to it and pay for 3-6 months without being able to trade. Even the 6-9 months thereafter business will be down as people won't be looking to spend much post coronavirus... 

 

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mid management ? legal cover probably already got it with house insurance ? insurance will rocket next year, insurance companys put there money on the market, the markets crashed,

21 minutes ago, TangoVictor32 said:

 

 

And £70 for MID management and legal cover. 

 

 

or 3-6 months without being able to trade. Even the 6-9 months thereafter business will be down as people won't be looking to spend much post coronavirus... 

 

as for future trading, crystal ball i have not, sorry.

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26 minutes ago, TangoVictor32 said:

Hi all it's been a while. I have been away and have been ill! 

My son's insurance is due for renewal in a couple of weeks.

He trades from home part time.

His new quote from bollington is £1900. After phoning them he got it to £1600 and the rep was pushy for him to buy it. 

The quote includes 

1450 insurance plus a 12% insurance premium tax but won't this be included in the actual premium? Then there's the £150 admin fee... Yes! And £70 for MID management and legal cover. 

Rep was pushy saying this is based on your risk. 

BUT dont you think insurance will go down now? Because the risk is reduced? We're not trading nor buying due to coronavirus !!

He doesn't want to commit to it and pay for 3-6 months without being able to trade. Even the 6-9 months thereafter business will be down as people won't be looking to spend much post coronavirus... 

 

Hi Tango Victor

Sorry to hear you have been ill,welcome back.

I think £30 per week for motor traders cover is OK,it is tax deductible.If he had a pitch /showroom /workshop with several staff,he might be quoted upto 10 grand.

I think the admin charge is their commission which they now have to declare.

If we get over this plague,there will be a spending spree.

BTW I think Cressida Dick was on telly last night appealing for your return !

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1 hour ago, have a word with the wife said:

mid management ? legal cover probably already got it with house insurance ? insurance will rocket next year, insurance companys put there money on the market, the markets crashed,

as for future trading, crystal ball i have not, sorry.

Yes they charge you if you wish to ring them up to update mid. Free of course if you do it yourself via online access 

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1 hour ago, TangoVictor32 said:

BUT dont you think insurance will go down now? Because the risk is reduced? We're not trading nor buying due to coronavirus !!

Are you for fucking real?

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1 hour ago, trade vet said:

Hi Tango Victor

Sorry to hear you have been ill,welcome back.

I think £30 per week for motor traders cover is OK,it is tax deductible.If he had a pitch /showroom /workshop with several staff,he might be quoted upto 10 grand.

I think the admin charge is their commission which they now have to declare.

If we get over this plague,there will be a spending spree.

BTW I think Cressida Dick was on telly last night appealing for your return !

Thank you mate. 

Yes it's unpredictable but I think i will wind down. I think some people have proven they're silly but a lot have learned that anything can happen at any point. 

Ah its mad they're asking retired people to return particularly nhs! It puts them in the vulnerable group and puts them at great risk. 

I have been hiding indoors in this biological war... Where there are invisible bullets flying around. 

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Posted (edited)

They have to show the insurance premium separately and it is added to your quote

I used billington for years,they were a good company but then they are only a broker at the end of the day

I'm currently with covea and this year my premium with them went down but my rewards went up,I was with Lv before that but they refused to rein sure j guess they dont do motor trade anymore 

Its alwaysxworthwhile getting more than one quote but make sure it's not underwritten by some caymen island and not covered by fca rules or wgatever

Tell him to clear his cookies each time and or use VPN on opera or the onion

Oh welcome back,I've had policeman's heal had it over a year terrible it was

Edited by New year revolutions......

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2 minutes ago, New year revolutions...... said:

They have to show the insurance premium separately and it is added to your quote

I used billington for years,they were a good company but then they are only a broker at the end of the day

I'm currently with covea and this year my premium with them went down but my rewards went up,I was with Lv before that but they refused to rein sure j guess they dont do motor trade anymore 

Its alwaysxworthwhile getting more than one quote but make sure it's not underwritten by some caymen island and not covered by fca rules or wgatever

Tell him to clear his cookies each time and or use VPN on opera or the onion

I take it you used different brokers? 

They gave him ageas again this year. He used autonet previously. 

 

 

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1 minute ago, TangoVictor32 said:

I take it you used different brokers? 

They gave him ageas again this year. He used autonet previously. 

 

 

I have in the past

They bug you the next year at renewal though some of them 

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Hi Tango victor 32 was actually just thinking the other day ive not seen you on the forum for a while hope your on the mend take care and stay safe during these times

I've been using think insurance broker for my insurance over the years  

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3 hours ago, TangoVictor32 said:

Hi all it's been a while. I have been away and have been ill! 

My son's insurance is due for renewal in a couple of weeks.

He trades from home part time.

His new quote from bollington is £1900. After phoning them he got it to £1600 and the rep was pushy for him to buy it. 

The quote includes 

1450 insurance plus a 12% insurance premium tax but won't this be included in the actual premium? Then there's the £150 admin fee... Yes! And £70 for MID management and legal cover. 

Rep was pushy saying this is based on your risk. 

BUT dont you think insurance will go down now? Because the risk is reduced? We're not trading nor buying due to coronavirus !!

He doesn't want to commit to it and pay for 3-6 months without being able to trade. Even the 6-9 months thereafter business will be down as people won't be looking to spend much post coronavirus... 

 

Hi TangoVictor, sorry to hear you have been unwell i hope you are feeling better. 
I am a motor trade specialist insurance broker offering a personal service and competitive premiums. If you would like to give me a call on Monday I would be delighted to see if I can source the right cover for your Son and would look to save him some money. We understand that in these uncertain times you need to reduce overheads where possible and I can tell you we would certainly not charge you for updating your MID. 

Ashley

UKGlobal Insurance
Mob: 07593137984

 

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Posted (edited)
1 hour ago, Ashley@UKGlobal said:

DHi TangoVictor, sorry to hear you have been unwell i hope you are feeling better. 
I am a motor trade specialist insurance broker offering a personal service and competitive premiums. If you would like to give me a call on Monday I would be delighted to see if I can source the right cover for your Son and would look to save him some money. We understand that in these uncertain times you need to reduce overheads where possible and I can tell you we would certainly not charge you for updating your MID. 

Ashley

UKGlobal Insurance
Mob: 07593137984

 

Ashley not in the current situation as I will remain with my current cover but at at later stage hopefully when the uncertainty changes 

i had an old boss who had a policy which covered him to drive any Car for Social domestic and pleasure and motor use owned by him or any car owned by him could be driven by basically anyone for both motor trade Sdp at his say so ie a voluntary worker part time full time worker etc for motor trade but also his wife for sdp is this something your company could provide ? .also do you have an email address 

Edited by Casper
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2 hours ago, Casper said:

Hi Tango victor 32 was actually just thinking the other day ive not seen you on the forum for a while hope your on the mend take care and stay safe during these times

I've been using think insurance broker for my insurance over the years  

That's nice of you mate. Thank you. 

How have you been? 

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Posted (edited)
5 minutes ago, TangoVictor32 said:

That's nice of you mate. Thank you. 

How have you been? 

Been Ok mate just a bit bored looking at 4 walls just now . I think It will continue for a bit yet .and probably be extended 

but just got to do what we have too in these times 

hope your feeling better and your son gets his insurance sorted .

As I said take care and stay safe during these times .

Edited by Casper

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2 minutes ago, Casper said:

Been Ok mate just a bit bored looking at 4 walls just now . I think It will continue for a bit yet .and probably be extended 

but just got to do what we have too in these times 

hope your feeling better and your son gets his insurance sorted .

As I said take care and stay safe during these times .

Cheers mate. And you. 

It's hard when you're locked inside. Having a longer sentence as i was already at home lol

It can be difficult sitting at home but at least we got some luxuries at home compared to those at Her Majesty's Pleasure :lol:

 

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Posted (edited)
50 minutes ago, TangoVictor32 said:

Cheers mate. And you. 

It's hard when you're locked inside. Having a longer sentence as i was already at home lol

It can be difficult sitting at home but at least we got some luxuries at home compared to those at Her Majesty's Pleasure :lol:

 

This is true :lol: Netflix has helped

Edited by Casper

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30 minutes ago, Casper said:

This is true :lol: Netflix has helped

If any of you have an EE contract. Text Britbox to 150 and you will get 6 months of Britbox free. Even then without that its only £5.99 per month. Also don't forget Iplayer, itv hub, 4od, uktv play etc. IPlayer is brilliant and unlike the last three I mentioned has no adverts like Netflix etc

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8 hours ago, beenaroundtheblock said:

If any of you have an EE contract. Text Britbox to 150 and you will get 6 months of Britbox free. Even then without that its only £5.99 per month. Also don't forget Iplayer, itv hub, 4od, uktv play etc. IPlayer is brilliant and unlike the last three I mentioned has no adverts like Netflix etc

Thanks 

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Posted (edited)
10 hours ago, TangoVictor32 said:

Cheers mate. And you. 

It's hard when you're locked inside. Having a longer sentence as i was already at home lol

It can be difficult sitting at home but at least we got some luxuries at home compared to those at Her Majesty's Pleasure :lol:

 

Hi. Hope you’re on the mend mate. No chance of you coming out of Police retirement then? 
 

Edited by NOACROSS
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54 minutes ago, NOACROSS said:

Hi. Hope you’re on the mend mate. No chance of you coming out of Police retirement then? 
 

Thank you sir. 

No, no. It's not worth the risk of telling little brats to get off the streets and go home. 

If people followed the basic rules our number of infected would be much lower. 

80-100 years ago young men were asked to come forward and risk their lives and fight for their country. Which they obliged to. 

Today young men (women and even old men) are asked to sit at home. Which they failed to do. 

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18 hours ago, Casper said:

Ashley not in the current situation as I will remain with my current cover but at at later stage hopefully when the uncertainty changes 

i had an old boss who had a policy which covered him to drive any Car for Social domestic and pleasure and motor use owned by him or any car owned by him could be driven by basically anyone for both motor trade Sdp at his say so ie a voluntary worker part time full time worker etc for motor trade but also his wife for sdp is this something your company could provide ? .also do you have an email address 

Hi Casper, yes we certainly could provide that level of cover, if you would like to discuss further my e-mail address is Ashley.stevenson@ukglobalgroup.co.uk

Best of luck with everything and stay safe

Thanks

Ashley 

UKGlobal Insurance 

 

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3 minutes ago, Ashley@UKGlobal said:

Hi Casper, yes we certainly could provide that level of cover, if you would like to discuss further my e-mail address is Ashley.stevenson@ukglobalgroup.co.uk

Best of luck with everything and stay safe

Thanks

Ashley 

UKGlobal Insurance 

 

Thanks ashley will drop you an email with the exact cover required one the uncertainty passes 

good luck to u also i will keep your email and telephone number for the future 

may you and your family stay safe and take care during these times

 

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