dougbgt6 Posted September 18, 2018 Report Share Posted September 18, 2018 Mark, When I got my GT6 re-valued PJ said for a valuation up to £10k the premium will remain the same. My valuation was £16k and premium went up £30. Who or what is t&c's? That's worrying! Doug Link to comment Share on other sites More sharing options...
Anglefire Posted September 18, 2018 Author Report Share Posted September 18, 2018 T&C's are terms and conditions Link to comment Share on other sites More sharing options...
dougbgt6 Posted September 18, 2018 Report Share Posted September 18, 2018 I shoulda known that! 1 Link to comment Share on other sites More sharing options...
Gully Posted September 18, 2018 Report Share Posted September 18, 2018 It's a worrying (but predictable) development that the insurers are getting in on the absence of an MOT (when there is no statutory requirement for one) to influence agreed value - hope the Club is on to this and clarifies the position with all insurance panel members. Hiding it away in the small print is unhelpful for all concerned. Gully 1 Link to comment Share on other sites More sharing options...
Anglefire Posted September 18, 2018 Author Report Share Posted September 18, 2018 To be fair to Peter James it’s not in the small print. And it’s on the valuation form they sent (which is effectively the club one with their name on it. ) Link to comment Share on other sites More sharing options...
Gully Posted September 18, 2018 Report Share Posted September 18, 2018 1 hour ago, Anglefire said: To be fair to Peter James it’s not in the small print. And it’s on the valuation form they sent (which is effectively the club one with their name on it. ) I'll be interested to see how they address renewals - my MOT is due in September and insurance renewal in October. My agreed valuation certificate has a year to run (and no such slippery caveat). I detest insurance companies. Legalised extortion! Gully 1 Link to comment Share on other sites More sharing options...
Anglefire Posted September 18, 2018 Author Report Share Posted September 18, 2018 It just says that it it hasn't got a current MOT it may revert to market value. I suspect that that will only be used if you crash and something is wrong with the car.................. Not that a MOT is really proof of roadworthiness......... Link to comment Share on other sites More sharing options...
KevinR Posted September 19, 2018 Report Share Posted September 19, 2018 That clause has been in the PJ Ts&Cs for many years, its not new. 1 Link to comment Share on other sites More sharing options...
Gully Posted September 19, 2018 Report Share Posted September 19, 2018 11 hours ago, KevinR said: That clause has been in the PJ Ts&Cs for many years, its not new. What is new though is the number of Club vehicles that now by law no longer require MOTs. So are they going to continue to offer agreed value insurance as part of the TSSC panel, or is it formally conditional on MOT status? I'm not fussed either way, but when insurance companies use the word 'may' it's there to give them a way out - they should be straightforward and clear. Gully 2 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now