
Re: ROVER 200/400 INSURANCE SCHEME WITH CHRIS KNOTT INSURANC
I just thought I’d try and explain a little more about the insurer’s decision to amend the criteria for our insurance scheme. Please believe me when I say that we would love to insure everybody and I’ve enjoyed reading people’s feedback when they talk of our prices, customer service, claims handling, etc. However, the insurers have been hit hard this year and when trying to find out why, they have discovered that, in general, there are certain elements which are causing the problems. Hence the reason to only accept modifications with cosmetic changes and modded bhp increases of no more than 20bhp.
Also people must have at least 1 year's NCB – no introductory discounts are allowed, no more than 1 SP/PC/PL conviction offence per driver and minimum premiums are £250 for Comprehensive & £200 for TPFT cover.
It seems that people outside of this criteria are losing money big-time for the insurers though of course this is a generalisation as they understand not everyone claims in these ‘areas’. It’s just that once bitten, twice shy.
May I reiterate that it’s not us who have made this decision but the insurers. Let me point you to this article which tends to sum up the market at the moment -
http://news.sky.com/skynews/Home/Busine ... arch_Finds