Sheefa Posted July 21, 2009 Share Posted July 21, 2009 Hi all I'm involved in a new project at work and we're looking for new product innovations for insurance, about as exciting as it gets hey! Over the years we've had all sorts of ideas, maternity cover, twins/triplets cover, armed forces insurance, pluvious cover etc, but we're after something new. I wondered if any of you had any ideas whereby you've thought ' I wish 'I could get insurance for that'. Unlikely I know, but perhaps there are a few gems! Would be most interested to hear, and yes you are partially doing my job! Cheers Greg Quote Link to comment Share on other sites More sharing options...
michael Posted July 21, 2009 Share Posted July 21, 2009 Being scammed by people on the Internet insurance for those who buy things without Visa protection. Quote Link to comment Share on other sites More sharing options...
Matt H Posted July 21, 2009 Share Posted July 21, 2009 Do you do insurance against taking out a legal case against someone? Quote Link to comment Share on other sites More sharing options...
Matt H Posted July 21, 2009 Share Posted July 21, 2009 I'd like an improvement on a mutlicar policy for having a high powered modified car and a daily driver. As i drive only one car at a time and probably use the daily more than the toy, i'd like a single policy taking into consideration discounts for the stated. Admiral do multicar, but then don't insure heavily modded so it leaves little option at the moment. Quote Link to comment Share on other sites More sharing options...
snake Posted July 21, 2009 Share Posted July 21, 2009 Hi all I'm involved in a new project at work and we're looking for new product innovations for insurance, about as exciting as it gets hey! Over the years we've had all sorts of ideas, maternity cover, twins/triplets cover, armed forces insurance, pluvious cover etc, but we're after something new. I wondered if any of you had any ideas whereby you've thought ' I wish 'I could get insurance for that'. Unlikely I know, but perhaps there are a few gems! Would be most interested to hear, and yes you are partially doing my job! Cheers Greg How about lower car insurance that is "really lower" i wish i could get that .simples. Failing that Child Support Agency insurance " The one night stand insurance" you are covered in the event of not being covered. Quote Link to comment Share on other sites More sharing options...
stevie_b Posted July 21, 2009 Share Posted July 21, 2009 The whole no claims discount scheme on car insurance annoys me, but I guess that would need industry-wide reform rather than a single company offering a different product? Quote Link to comment Share on other sites More sharing options...
tbourner Posted July 21, 2009 Share Posted July 21, 2009 You could offer the same NCB to people that are 'using' their NCB on another policy with another company? You'd probably have to contact the other company for proof that they have NCB on their policy though. Quote Link to comment Share on other sites More sharing options...
Gaz6002 Posted July 21, 2009 Share Posted July 21, 2009 How about insuring against swine flu? Quote Link to comment Share on other sites More sharing options...
Guest exceed Posted July 21, 2009 Share Posted July 21, 2009 Cheaper insurance for under 21s? 20 here and been driving for 3 years and still get ridiculous insurance quotes... and I'm yet to crash although owning a diesel astra with 250bhp/400ftlb (although some nice big fat brakes/sticky tires/race spec suspension do help ) for nearly 2 years now - and I don't drive slowly! Failing that, how about a family insurance plan, like parents and children all in one (maybe include grandparents/other relations??) PS by reading this you agree to my disclaimer that you will share 5% of all profits made from my ideas lol Quote Link to comment Share on other sites More sharing options...
snake Posted July 21, 2009 Share Posted July 21, 2009 You could offer the same NCB to people that are 'using' their NCB on another policy with another company? You'd probably have to contact the other company for proof that they have NCB on their policy though. If you build up 65% protected no claims on three different cars i'm sure if you have an accident in one of them it will effect the insurance premium on the other two.you would probably have to be insured by three different insurers so the risk is shared.IF you could insure all the cars owned, with one insurance company at a good price it would save a lot of messing about. Quote Link to comment Share on other sites More sharing options...
Matt H Posted July 21, 2009 Share Posted July 21, 2009 The whole no claims discount scheme on car insurance annoys me What is it that annoys you about it? I suppose the idea that you can protect it for a bit more is bizzare and yet have an accident and still have 5 years NCB etc. The more i think about it the more i agree Quote Link to comment Share on other sites More sharing options...
SupraAyf Posted July 21, 2009 Share Posted July 21, 2009 I'd like an improvement on a mutlicar policy for having a high powered modified car and a daily driver. As i drive only one car at a time and probably use the daily more than the toy, i'd like a single policy taking into consideration discounts for the stated. Admiral do multicar, but then don't insure heavily modded so it leaves little option at the moment. Improvements to the multi-car system would be ideal as per Matt's comments above. Quote Link to comment Share on other sites More sharing options...
Sheefa Posted July 21, 2009 Author Share Posted July 21, 2009 The whole no claims discount scheme on car insurance annoys me, but I guess that would need industry-wide reform rather than a single company offering a different product? Why mate? What parts annoy you about it? Quote Link to comment Share on other sites More sharing options...
Sheefa Posted July 21, 2009 Author Share Posted July 21, 2009 Cheaper insurance for under 21s? 20 here and been driving for 3 years and still get ridiculous insurance quotes... and I'm yet to crash although owning a diesel astra with 250bhp/400ftlb (although some nice big fat brakes/sticky tires/race spec suspension do help ) for nearly 2 years now - and I don't drive slowly! Failing that, how about a family insurance plan, like parents and children all in one (maybe include grandparents/other relations??) PS by reading this you agree to my disclaimer that you will share 5% of all profits made from my ideas lol No chance mate, you are what we deem a highly hazardous driver. Any young male with a 400bhp car is a recipe for danger, sterotype or not bud. You are asking the impossible! Quote Link to comment Share on other sites More sharing options...
Sheefa Posted July 21, 2009 Author Share Posted July 21, 2009 If you build up 65% protected no claims on three different cars i'm sure if you have an accident in one of them it will effect the insurance premium on the other two.you would probably have to be insured by three different insurers so the risk is shared.IF you could insure all the cars owned, with one insurance company at a good price it would save a lot of messing about. You can, provided you have a company reg (self employed) on a mini-fleet policy or a mutli-car private policy. Quote Link to comment Share on other sites More sharing options...
SteveR Posted July 21, 2009 Share Posted July 21, 2009 Why mate? What parts annoy you about it? I suspect: why does no claims built up only (officially) apply to one car. Who cares how many cars I want to insure and thus would like to benefit from that discount - I can only drive one car at a time, after all. I have 8 years no claims (currently being used on the Supra) and a different policy 'thread' with 2 years no claims (currently being used on my runabout). Quote Link to comment Share on other sites More sharing options...
marbleapple Posted July 21, 2009 Share Posted July 21, 2009 Do you do insurance against taking out a legal case against someone? Most legal firms do and if its over a small claim then you are going to use a solicitor aren't you. With small claims you are not allowed to get your costs except in very rare circumstances and thats why people have legal expense insurance which their house or car cover..... you know the thing... you get 50k/100k free legal protection (and they never tell you what it means)..... basically you fall out with a company, contact your insurer who instruct solicitors on your behalf. Re the topic... I would like mechanical work/paint respraying insurance for 1 off instances where there are big 1 off projects on cars etc Quote Link to comment Share on other sites More sharing options...
Sheefa Posted July 21, 2009 Author Share Posted July 21, 2009 I suspect: why does no claims built up only (officially) apply to one car. Who cares how many cars I want to insure and thus would like to benefit from that discount - I can only drive one car at a time, after all. I have 8 years no claims (currently being used on the Supra) and a different policy 'thread' with 2 years no claims (currently being used on my runabout). I find this strange. I have always managed to merge my NCB from different vehicles and companies into a full total. What specifically do you mean, you have two cars one with 2 years NCB because you owned, drove and were claim free on it for 2 years and the other the same for 8, but you want to know why the larger NCB entitlement cannot apply to both? This is certainly where a multi-vehicle policy would help mate. Quote Link to comment Share on other sites More sharing options...
Sheefa Posted July 21, 2009 Author Share Posted July 21, 2009 Re the topic... I would like mechanical work/paint respraying insurance for 1 off instances where there are big 1 off projects on cars etc That would be a hard one, unless there was a specific arrangement with a preferred supplier/garage by the insurer. You do realise though that if you have a accident and you go along to an approved repairer dictated by the insurer the repairs )parts, labour and paint) are normally guaranteed for a minimum of 12 months. I take it though you are only referring to modifications rather than an insurance claim. I think this is more of a warranty service from the garage rather than an insurance product. Quote Link to comment Share on other sites More sharing options...
tbourner Posted July 21, 2009 Share Posted July 21, 2009 NCB shouldn't be a number to be shared out between your cars, the highest number should apply to all policies. I haven't claimed on insurance for 8 years, therefore my insurance renewal on all of my cars should take into account that I'm a safe driver and haven't needed to claim on insurance for that length of time. NCB should just be the evidence of how safe a driver you are, you shouldn't be able to 'use' it on one car and have none for a second car. Quote Link to comment Share on other sites More sharing options...
SteveR Posted July 21, 2009 Share Posted July 21, 2009 This is certainly where a multi-vehicle policy would help mate. I agree, but I suspect the specialist I use for the Supra will look to claw back some money from the 306's part of the policy. Certainly when I've looked in th past, multicar policies aren't competitive, they just depend on you thinking they are. Quote Link to comment Share on other sites More sharing options...
stevie_b Posted July 21, 2009 Share Posted July 21, 2009 Why mate? What parts annoy you about it? I suspect: why does no claims built up only (officially) apply to one car. Who cares how many cars I want to insure and thus would like to benefit from that discount - I can only drive one car at a time, after all. I have 8 years no claims (currently being used on the Supra) and a different policy 'thread' with 2 years no claims (currently being used on my runabout). That's right SteveR: sorry, was in a hurry and didn't explain myself. I find this strange. I have always managed to merge my NCB from different vehicles and companies into a full total. What specifically do you mean, you have two cars one with 2 years NCB because you owned, drove and were claim free on it for 2 years and the other the same for 8, but you want to know why the larger NCB entitlement cannot apply to both? This is certainly where a multi-vehicle policy would help mate. I have 2 cars: one I've owned for say 8 years (and have built up 8 years NCD on the policy), and the other I've owned for 2 years. I couldn't use the 8 years' NCD to my advantage when insuring the 2nd car even though my driving record proves that I've had 8 years of claim-free motoring. That's a bit of a bummer, but the real rub is if/when I have an accident. Both sets of NCD get knocked by a single accident. I'd have to declare it when renewing both insurances, and unless I've got my NCD protected, the NCD level will suffer. It feels like the insurance cos are having their cake and eating it. Quote Link to comment Share on other sites More sharing options...
Guest exceed Posted July 21, 2009 Share Posted July 21, 2009 No chance mate, you are what we deem a highly hazardous driver. Any young male with a 400bhp car is a recipe for danger, sterotype or not bud. You are asking the impossible! Haha fair enough, thanks anyway and it was worth a shot . Although saying that the insurance on a TT supra is actually cheaper for me than the insurance on my astra has been (it's at just under £2000 right now - down from nearly £4k last year) Quote Link to comment Share on other sites More sharing options...
Sheefa Posted July 21, 2009 Author Share Posted July 21, 2009 That's right SteveR: sorry, was in a hurry and didn't explain myself. I have 2 cars: one I've owned for say 8 years (and have built up 8 years NCD on the policy), and the other I've owned for 2 years. I couldn't use the 8 years' NCD to my advantage when insuring the 2nd car even though my driving record proves that I've had 8 years of claim-free motoring. That's a bit of a bummer, but the real rub is if/when I have an accident. Both sets of NCD get knocked by a single accident. I'd have to declare it when renewing both insurances, and unless I've got my NCD protected, the NCD level will suffer. It feels like the insurance cos are having their cake and eating it. I have to say that's damn right wrong. You SHOULD be able to use the full and highest NCB on both cars. Have you tried insuring each car with a seperate insurer? Get the full claims exp confirmation from previous insurer/broker, ask for it twice, send across to both insurance companies and that should be proof enough. Quote Link to comment Share on other sites More sharing options...
mawby Posted July 21, 2009 Share Posted July 21, 2009 That goes against what every other insurance company or broker has told me. An example here of how I've understood NCB's to work. Quote Link to comment Share on other sites More sharing options...
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