Five Crazy But Common Car Insurance Exclusions
You buy your car insurance, you glance at the policy documents, and you assume you’re covered for all eventualities where your car is stolen or damaged. Think again.
Be sure to read your policy documents thoroughly. If you are a passenger over seventy-five years of age, you may not be covered by some insurance companies. Some insurance companies will not pay out if you have been tricked into handing over your keys to a car thief. There are some insurers who will not cover your car for damage caused as a result of a “road rage” incident. Gap insurance cover is not something that is provided as an industry standard; what this means is that should your car be “written-off” or stolen your insurance company will only pay a fraction of what you paid for your car, leaving you out of pocket.
Certain exclusions will apply to all car insurance policies. Some exclusions exist which you may think should be automatically covered, and it could be frustrating to find out later that this is not the case should an unfortunate incident happen to you. Some of them are downright crazy. Five of the most crazy but common car insurance exclusions are:
1. Nuclear Fallout
If Britain was wiped out by a nuclear bomb and you managed to survive, you wouldn’t receive a pay out from your insurer for the damage caused to your car.Standard practice amongst motor insurers is to exclude any damage caused by nuclear fallout.
The same applies if your local nuclear power plant explodes and destroys your car, or if your car is contaminated by radioactive waste: you will not be compensated for the damage caused.
Currently this exclusion applies to policies bought from almost all the major motor insurance firms, including Admiral, Direct Line, Aviva, Churchill, Saga, Prudential, Sheila’s Wheels, and Co-operative Insurance to name a few.
2. UFOs
Most car insurance firms will not pay out if your car is damaged by pressure waves from aircraft travelling at or beyond the speed of sound.Any damage which is caused by UFOs from outer space is included.
If you are cruising along the motorway and happen to be zapped by an alien laser beam, it is unlikely that your insurance company will pay out. This is because such aggression would be considered an act of war. Car insurance firms usually exclude cover for damage caused by war, civil war, acts of a foreign enemy, or revolution.
Currently this exclusion applies to policies bought from almost all major car insurance firms, including Direct Line, Aviva, Admiral, Churchill, Saga, Prudential, Sheila’s Wheels, and LV=.
3. Car Stolen by Jealous Husband or Wife
Motor insurers will not provide cover if your car is taken without your permission by any member of your household or family. This includes your husband/wife/partner as well as children, parents or a lodger in your house. This will apply in all cases unless you report your car as stolen and prosecuted the person who stole it in a court of law.
Currently this exclusion applies to policies bought from almost all major motor insurance firms, including Direct Line, Admiral, Co-operative Insurance, Sheila’s Wheels, and LV=.
4. Earthquakes
Fortunately for us Brits, the UK is not prone to earthquakes or tremors. However, were the worst to happen and the ground opened up and swallowed your car, or even if a less violent earthquake shattered your windscreen, it’s probable that your insurer would refuse to pay out.
A small but significant number of car insurance firms do not cover for damage caused by earthquakes. Admiral is the most notable insurer with this exception. Other insurers who refuse cover for earthquakes include Saga, Prudential, and Sheila’s Wheels.
As well as looking out for earthquakes, remember to check your insurance policy documents for the phrase “acts of God”. One famous Ladies insurer provides a breakdown service which will not cover you if it is an “act of God” which has caused you to become stranded, for example.
5. Blind Drivers
Unsurprisingly, there is not a single insurance firm who will provide cover for drivers who can’t see. This is never stated explicitly in insurance policy documents, but insurance companies cover their backs by saying they won’t pay out for claims resulting from damage caused by “unlicensed drivers”.
In one case, no driving licence and thus no insurance cover was not enough to prevent one blind driver from jumping behind the wheel. In 2006, 31-year-old Omed Aziz was banned from driving for three years and given a suspended jail sentence after police caught him driving on the wrong side of the road.
This is a common exclusion amongst almost all the major motor insurers.
It can be hard to ensure that you have the best possible cover available?It is important to take other things into consideration than just the price. Research what’s covered and what’s excluded by each company you’re considering.Secondly, if the level of cover you require isn’t available from your household name insurance firms, consider taking out extra insurance, such as gap insurance, from a specialist insurer.
To find the exclusions to your car insurance is not too hard if you read the policy documents.
To be sure you’re not hit by a nasty surprise when you need to make a claim, make some time to read through policy documents when choosing your car insurance.Most insurance documents are available on-line for you to download for your reference.
For peace of mind, you can always choose to take out extra cover such as gap insurance, which will ensure your receive the full amount you paid for your vehicle if it’s stolen or written off. The exclusions mentioned may well have changed between now and when this article was first written. This article is simply a guideline and should not be taken as advice on which policy is right for you. Be sure to obtain the full details from your insurer.
If you work inside the Motor Trade, you extra than most will know that customers nowadays are demanding extra, for less. And if you’re a Motor Trade who also demands this from your suppliers and service providers, here are a few ways you be able to pay for it from your Insurance Broker.
Depending on which part on the Motor Trade you work inside you will no doubt have your own individual needs, concerns and worries.
For car manufacturers these may possibly be falling sales, competition from abroad or Government policy changes above CO2 emmissions.
If you are an MOT Station you might ever be coming to terms to computerisation.
And for body repairers, bodyshops and garage servicing units your focus maybe on gaining accreditation to the BSI Kitemark scheme or making sure your staff are trained to a certain standard.
The bottom line is you are a Motor Trader you have numerous issues to deal using on a daily basis before you even start to think about your customers and suppliers.
And yet despite this apparant require for citizens inside the Motor Industry to make their lives easier it is suprising to see several traders still choosing to have their Motor Trade Insurance policies with many different insurance brokers and companies rather than beneath a single Motor Trade Combined Insurance policy.
The result of this is that many Motor Traders pay too much for their insurance and they spend period (that they simply cannot afford to waste) on looking after them.
Here a just a couple of reasons why Motor Traders should seriously think a Combined Motor Trade Insurance policy when their insurance is next due for renewal:
1. All your risks together. By opting for a Combined policy your vehicles, your staff, your premises and your profits be able to every be protected under one policy. No longer do you require your buildings insured using one Broker, your Business Interruption and Liabilities with another and your Road Risks with yet another. Just each your risks beneath a Combined Motor Trade Insurance policy.
2. Era Savings. Gone are the days of lots of different types of cover up using different renewal dates and provided by dissimilar companies. Simply your Combined Insurance policy with a single renewal date. If you need to make a change you just need to ring one broker rather than hunt around your paperwork to discover out who it is insured using. And if you chose the correct broker they be supposed to ring around each the significant Motor Trade Insurance companies to find you the greatest deal.
3. Cash Savings. By putting every your risks beneath a Combined Motor Trade Insurance policy you can fantastically often advantage from savings on your premiums because lots of providers offer discounts. At a period when getting value for cash from your service providers then making savings by getting a policy that is easier to administer possibly will be only what you require.
Combined Motor Trade Insurance can save you time and save you cash and that is why it works.
When getting a classic car insurance quote online from an insurance company, it is always recommended to compare it with quotes issued by other companies using the same classic car insurance policy features. However, it is a challenging task to keep track of every of the fact you require, and results are prone to mistakes and miscalculations. Here are any tips to make easier you simplify the process.
The first thing you require to do when you obtain your classic car insurance quote online is to assess your current auto insurance policy, and examine all the features it incorporates, such since limits for property, bodily injury, uninsured motorist and underinsured motorist; what the deductibles are; if you’re willing to acquire towing and rental care repayment; and if you have comprehensive backup or simply collision.
Determine if you are still going to need those features inside your classic car insurance, and make note of some changes. For example, there’s no point opting for comprehensive coverage on an old car that has severely decreased inside worth. Therefore, getting only collision coverage possibly will can save you several hundred dollars on your classic car insurance premium.
Your second, particularly significant step when receiving classic car insurance quote online is to gather specific fact about your cars, and the people who drive them. Be prepared to list down truth regarding:
1. Drivers license and Social Security Numbers for every driver.
2. Year, make and model of every vehicle to be insured.
3. Average mileage for every day, and whether it’s used for business or pleasure.
4. Protection features such since Anti-lock Brakes (ABS), alarms, air bags etc for each vehicle.
Ever make an effort to obtain at smallest amount three or more online quotes for your classic car insurance from various sources, because rates are liable to differ among car insurance companies.
Put down each online quote on the same sheet of paper, along using comments for each company you’ve listed. When seeking a cheap classic car insurance quote online, you ought to also bear inside mind the importance of cool value, such because financial stability, speedily claims service and groovy customer service.
When you’ve tracked down the online classic car insurance quote that meet your requirements, keep it below scrutiny for a couple of days in order to be certain that you’ve got the correct insurance coverage for your classic car.
Ask several questions if you’re doing business using an agent or representative, who can maybe be able to improve you save a decent quantity on your insurance. It’s also still a excellent idea to check if here’s a customer service contact on the insurer’s website when getting a classic car insurance quote online.