rant Could this be why premiums are so high?

[Tee from China]

£300,000 cost of supercar crash to insurer

 

A potential buyer crashed the Pagani Zonda supercar he was testing in Scotland, resulting in an insurance payout approaching £300,000.

Extensive damage was caused to the supercar in September 2009. The test driver reportedly lost control on a narrow country road and hit a pole side-on before breaking through a fence.

The Zonda C12 S model costs in excess of half a million pounds to buy and only 10 are made every year by the manufacturer in Italy. It is thought that only 17 examples of the crashed model are in existence.

Pagani claims that the C12 S 7.3 can top 220mph. It is powered by one of the biggest V12 engines ever made with a capacity of 7.3-litres, which produces 547bhp.

In similar circumstances, many cars would be deemed a write-off, but Aviva decided that the Zonda was economically repairable.

Hence the damaged supercar was returned to Pagani in Modena, Italy and it is believed to be scheduled for completion in May.

A representative of Aviva said: "This is the biggest insurance pay-out we have had for repairs to a private car in the UK. This is out of the ordinary for an insurer."

The claim is being made on the test driver's policy, not the owner of the car's.

[marbleapple]

300k is nothing. You imagine the cost of compensation and rehabilitation for a victim who was hit by an insured driver and suffered brain damage.

[dude]

So what you saying, we shouldnt insure cars over a certain value????

[Chris Wilson]

I can assure you that traders who have cover for such high value performance cars more than pay their share I would concern yourself more with those falsely claiming whiplash, or "engineering" fake "accidents" to make bogus claims on third parties.

[GJD]

I can assure you that traders who have cover for such high value performance cars more than pay their share

 

I bet they do! Anything exotic or very expensive like that must be very easy for the insurance industry to identify and treat as a whole different level of risk. One obvious way of keeping prices low for the millions of ordinary cars must be to try and spread the risk on very expensive and unusual cars more across just the owners of those kind of cars than across everybody.

 

I would concern yourself more with those falsely claiming whiplash, or "engineering" fake "accidents" to make bogus claims on third parties.

 

I thought that, but apparently 75% of what the car insurance industry pays out is for damage to the insured's own vehicle. That 75% includes things like uninsured drivers and car park/hit and run type incidents, where it's not your fault but there's nobody else to claim against.

[Soop Dogg]

I would concern yourself more with those falsely claiming whiplash, or "engineering" fake "accidents" to make bogus claims on third parties.

 

Or those muppets who stay up all night and then fall asleep at the wheel of their 4x4 whilst towing a car half way across the country, then leave the carriageway and end up on a railway line causing a train to derail and then hit another train killing 10 people and resulting in claims against them & their insurers of over £30 Million!

[Porky1978]

[monsween]

£300,000 cost of supercar crash to insurer

 

A potential buyer crashed the Pagani Zonda supercar he was testing in Scotland, resulting in an insurance payout approaching £300,000.

 

It's believed to be a experience motorsports driver too. Rumours have it at Jackie Stewart. Just rumours tho.

[Gaz6002]

It's not the biggest claim ever, and it wasn't Jackie Stewart (he wasn't in the country at the time). Nor was it Harry Metcalfe's car. Great PR for Aviva though

[Soop Dogg]

It's not the biggest claim ever, and it wasn't Jackie Stewart (he wasn't in the country at the time). Nor was it Harry Metcalfe's car. Great PR for Aviva though

 

They didn't say it was the biggest claim ever. They said it was the "biggest insurance pay-out we (Aviva) have had for repairs to a private car in the UK."

[Scott]

Can't be hurting them that bad regardless. My Dad just got quoted £200 less than anyone else with aviva. They also said come back to us if you get a better quote, as they can beat anyone just now.

[marbleapple]

They didn't say it was the biggest claim ever. They said it was the "biggest insurance pay-out we (Aviva) have had for repairs to a private car in the UK."

 

good point