Chris Knott criteria roundup

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Chris Knott criteria roundup

Postby ChrisKnottIns » 09 May 2016, 12:03

I thought it might be useful to remind members of our access criteria as this features in most of the questions I'm asked on the forums. These are the terms given to us by insurers to ensure the scheme works for them and as many of you as possible. Most of these are based on the insurers' risk assessment and claims experience.

Driver Age
This is the main factor that affects whether we can offer a quote. Remember we can insure all the cars in your household, not just the car that inspired you to join the club/forum, so I'll talk generally as well as specifically.

Generally we can insure drivers from age 19 on low powered, low spec, entry level cars under 1100cc such as Renault Clios, Peugeot 106s, that sort of thing - but what about other models and more specifically, this forum's models?

For most models age 22 is fine but for BMW models under 2500cc and similar we'd need you to be 23 with 6 months' experience of the car or one like it (above 2500cc = 23 with 12, Z4 = 25 with 12).

Apart from age, what are the other requirements insurers place on us to keep the scheme viable, regardless of the model of car?

Modifications
At Chris Knott we love modified vehicles. However, insurers won't allow us to cover vehicles with roll cages, NOS or bhp increases of more than 100 over stock. I know!

No Claims Bonus
We need you to have at least one year's NCB before we can quote and have been fault-claim free for 12 months (outstanding/unsettled claims mean we can't quote even if you're not at fault).

Points/Convictions
For new policies there is a cap on convictions - we can cover you if there is no more than one SP/PC/PL offence per driver within the last 12 months.

Overnight Parking
For some of the riskier postcodes there is a requirement that the car is parked off road overnight, though for some postcodes the insurer goes further and requires garaging. When assessing postcodes we include the first digit after the space so you're less likely to be affected by a poor neignbouring postcode.

Value
Unfortunately the scheme is not competitive for vehicles valued over £40k though we do have other facilities available, especially for high performance sportscars/supercars that mean we might still be able to help.

If you can comply with this criteria we'd welcome the opportunity to find you a better deal through the scheme which is exclusive to members of car clubs, forums and enthusiast groups. And if we can't help you it's nothing personal. Insurers are looking for safer business of course.

QUOTELINE: 0800 917 2274

best,
Nick


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Re: Chris Knott criteria roundup

Postby M60NJP » 09 May 2016, 12:39

ChrisKnottIns wrote:
(outstanding/unsettled claims mean we can't quote even if you're not at fault).



Nick, I realise this is the underwriters decision, but can you explain the thinking (or even morality) behind this growing trend to penalise drivers for non-fault claims?

A few years ago, my Missus parked her can tidily, neatly. legally and safely and someone reversed into it (Missus wasn't in it at the time!). His insurer paid out in full (obviously) but her insurer tried to load her premium the subsequent year(s). So, there's either double-dipping going on between insurers (i.e make a profit out of both dirvers) or someone 'in insurance' has decided that the 'bad' driver is no longer (or less) affected and the penalty passes to an entirely innocent and careful driver? It appears to be a morally bankrupt approach - which has only become common-place recently?
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Re: Chris Knott criteria roundup

Postby ChrisKnottIns » 09 May 2016, 12:44

M60NJP wrote:
ChrisKnottIns wrote:
(outstanding/unsettled claims mean we can't quote even if you're not at fault).



Nick, I realise this is the underwriters decision, but can you explain the thinking (or even morality) behind this growing trend to penalise drivers for non-fault claims?

A few years ago, my Missus parked her can tidily, neatly. legally and safely and someone reversed into it (Missus wasn't in it at the time!). His insurer paid out in full (obviously) but her insurer tried to load her premium the subsequent year(s). So, there's either double-dipping going on between insurers (i.e make a profit out of both dirvers) or someone 'in insurance' has decided that the 'bad' driver is no longer (or less) affected and the penalty passes to an entirely innocent and careful driver? It appears to be a morally bankrupt approach - which has only become common-place recently?


The text you've quoted above about outstanding claims is just in case liability is disputed before settlement and it goes 50/50 or completely against you. Once the claim has been settled you're in a position to say for definite whether you've had a fault or non-fault claim.

What you're asking about is why you should be penalised for a non-fault claim. It is simply this - statistically if you've been party to a claim you're more likely to be involved in an at-fault claim.
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Re: Chris Knott criteria roundup

Postby M60NJP » 09 May 2016, 13:42

ChrisKnottIns wrote:
What you're asking about is why you should be penalised for a non-fault claim. It is simply this - statistically if you've been party to a claim you're more likely to be involved in an at-fault claim.


In an unattended, tidily and legally parked car - really?

I smell profit growth, nothing more..................
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