Refused a car Quote!!!

[Gagakev]

It's that time of year again for the renewal of my truck insurance.
So as usual I do the shopping around bit, rang one company and gave them my postcode,
"sorry sir we are currently not quoting for that particular area"
Pardon...........
."sorry sir we are currently not quoting for that particular area"
Do your realise this is sunny leafy Devon and not the middle of London.
"sorry sir we are currently not quoting for that particular area"

So there you are [do I know declare I have been refused Insurance?]
Glad I dont own a Farm and want to insure my tractor or combine Harvester with them

Ah that could be it lots of claims in area from farmers.

 

[Martin24]

How very strange. Not heard that one before. I'm very limited as to where I can shop around and if one of the few specialists said that I could be getting a bit stuck.

You wouldn't declare you've been refused car insurance because you haven't. All they've done, luckily, is refuse to quote.

If you were in the depths of Cornwall they could have said everyone had gone Bodmin but to refuse to insure a devonian is unbelievable.

 

[Dustydog]

Kev , you can relax.
It's not you but the area they don't wish to insure.
But many of us get a "no quote" for many reasons .
One of the Insurers we can' t mention don't cover your caravan at home!!
So they don't quote. As Martin says that is not a refusal to insure. Years ago when I was in short trousers if a refusal to insure was made the Insurer concerned had to send a registered letter saying so with reasons. As Ray W may recall this was the day of the Tariff and Non Tariff companies.
I suspect in this electronic age many have forgotten the legal niceties of a refusal to insure,,,

 

[Gabsgrandad]

Perhaps they've seen your avatar Kev, and 'interpreted' it as an uninsurable risk/area!

 

[Raywood]

Not sure what the reason is but it is usually due to them not wanting to be overexposed in any one area. It sounds as if they have been substantially cheaper in your area and are worried that the numbers will leave them exposed to certain problems, like a severe flooding, which could see them taking more than the share of the losses than they would like.
To explain more the company I worked for found they were over exposed in Princes Street Edinburgh where we had the cover on several large stores all in a row. The stores were insured through various brokers using different branches and it was not picked up initially. It was discovered that in the event of a severe fire we could have to pay millions of pounds more than we regarded as our maximum exposure to a single event and had to arrange for other insurers to take some of the risk. The insurer is probably looking at the same sort of thing and trying to avoid it. It will not be due to your area being regarded as a problem in general but a specific problem of over exposure for them.

 

[Gagakev]

Perhaps they've seen your avatar Kev, and 'interpreted' it as an uninsurable risk/area!

Gabs if it was my first avatar I could understand it.............remember it was a combine harvester :lol: :lol: :lol:

 

[Gagakev]

Not sure what the reason is but it is usually due to them not wanting to be overexposed in any one area. It sounds as if they have been substantially cheaper in your area and are worried that the numbers will leave them exposed to certain problems, like a severe flooding, which could see them taking more than the share of the losses than they would like.
To explain more the company I worked for found they were over exposed in Princes Street Edinburgh where we had the cover on several large stores all in a row. The stores were insured through various brokers using different branches and it was not picked up initially. It was discovered that in the event of a severe fire we could have to pay millions of pounds more than we regarded as our maximum exposure to a single event and had to arrange for other insurers to take some of the risk. The insurer is probably looking at the same sort of thing and trying to avoid it. It will not be due to your area being regarded as a problem in general but a specific problem of over exposure for them.

Ray i could perhaps understand it if it was a building but it's a vehicle
They have however had a major TV campaign going recently in this area so your explanation of over exposure seems to make sense, there slogan.......we pay out for 98% of claims, we love to pay out!!!!!!

 

[Gafferbill]

Kevin........you can sort them out at the Woosiefest

Their headquarters is just across the road from the Stratford upon Avon camp site.

 

[VicMallows]

I had a similar experience with car insurance once. The company had entered the market with very aggressive pricing. At first renewal invitation the premium quadrupled!, for absolutely no changes or incidents. It was clear that they simply did not want that particular type of business anymore. It would be nice to think that they took that approach because they were mindful of the possible implications to the customer if they had simply 'declined to renew' .

 

[Gagakev]

Kevin........you can sort them out at the Woosiefest

Their headquarters is just across the road from the Stratford upon Avon camp site.

Wish I kept there leaflet they sent me in the post now, that was the reason I rang them in the first place.

Oh well Bill will be too late by then got to renew by end of month.

 

[Gagakev]

I had a similar experience with car insurance once. The company had entered the market with very aggressive pricing. At first renewal invitation the premium quadrupled!, for absolutely no changes or incidents. It was clear that they simply did not want that particular type of business anymore. It would be nice to think that they took that approach because they were mindful of the possible implications to the customer if they had simply 'declined to renew' .

Actually thinking back I had the same with a sickness/accident insurance years ago but they did insure for the first year and then refused any further cover for the second year, it was with the bank I was with at the time, and they completely stopped the whole scheme.

 

[Martin24]

To get any quote is hard for me Choice is basically two specialist companies that will insure a heavily adapted vehicle AND a restricted licence with DVLA reportable illness. One of these has been particularly un competitive recently despite no claims etc so reduced to one.

We tried some other "ordinary" companies now that they are all supposed to be non discriminatory. Yes they'll insure me but at four figure sums that don't even begin with a one.

It's all a bit of a headache and if they decided there were over subscribed in my area I would have no where to go.

 

[Gagakev]

To get any quote is hard for me Choice is basically two specialist companies that will insure a heavily adapted vehicle AND a restricted licence with DVLA reportable illness. One of these has been particularly un competitive recently despite no claims etc so reduced to one.

We tried some other "ordinary" companies now that they are all supposed to be non discriminatory. Yes they'll insure me but at four figure sums that don't even begin with a one.

It's all a bit of a headache and if they decided there were over subscribed in my area I would have no where to go.

You'll have to fit a tow bar on your electric wheelchair :lol: :lol: :lol:

Sorry mate I couldnt resist.
That is actually despicable the sums they are quoting you, so you have no option but to go with one company, crazy!!!!!!!

 

[Martin24]

Might take both in tandem to pull our van! :woohoo:

Seriously though the same applies to the wheelchair insurance as well.

 

[Raywood]

I know it is less obvious but insurers try to limit their exposure in many ways. Where some companies actively promote exposure, like a scheme for a certain make or profession, others try to avoid this, and look for a more balanced portfolio. If you get a high number of policies for an area or model the chances are you have gone too low and may want to stop any new business until you have checked it out as an alternative.
I suspect the computer has flagged up something like too many policies in the area given the reply you got. I agree the risk from that problem is far less than with buildings but insurers are cautious by nature so this is most likely to be the case.

 

[colin-yorkshire]

hi, it's down to risk assessment. something has flagged up causing the issue.
perhaps the area has had some issues with high profile payouts. or volume of business is too high in one area.
I have a few motorbikes. some quite valuable some not so but the insurance premiums don't reflect the difference. for instance it's cheaper to insure a classic valuable bike than it is a 100cc scooter.
why because 100cc scooters are targets for thieves and many are involved in collisions but classic old bikes are not. so companies load up the premiums on the scooters to reduce the risk of claims for them. yet keep the premiums low on the classic bikes to attract business in the low risk areas.

 

[Gagakev]

Ray + Colin you are both right.
Just read( Fridays) edition of our local weekly newspaper and the company concerned {NFUl} are reporting that they have had a 20% increase in payouts/claims in the first 6 months of this year for this area.
Thieves are targeting all terrain vehicles, quad bikes,tools,farm machinary, tractors and Land rovers.
So from my first post ..........yes I probably would have got a quote if I were in London.

 

[Martin24]

Phoned them on Friday. They said they would insure me but it wouldn't be competitive.