TPFT and Smokey Bike

Originally Posted by Mr Speirs

Please excuse me while I do a little dance!!!

Just called Bennetts. The guy advised me that I should keep the policy running until July and then I will have a years no claims! I double checked that I didn't need to have a bike on the policy for it to carry on, he said there is a two month period where the insurance still runs, if I don't register a bike to the policy it then automatically cancels after 2 months but because my policy runs out on July the 25th it falls within the 2 month window so it won't affect me.

I am a happy man.

Nice nice. just don't go ruining it next policy year.

[Stu]

Originally Posted by Mr Speirs

I am a happy man.

A £2Grand payout would be worth more than a years NCB.
I can't believe you're giving in so easily. Have you contacted a solicitor?

[Dave20046]

Originally Posted by Stu

A £2Grand payout would be worth more than a years NCB.
I can't believe you're giving in so easily. Have you contacted a solicitor?

I don't see how this could be blamed on anyone else for a tpft policy I'm afraid. Anyway depending on speirsys circumstances that is incorrect. I had a claim and it cost me almost 2k for the first year so bearing in mind claims hike premiums for atleast 3 years it wouldn't have been better for me to claim.

[Stu]

Why do you need to blame it on someone else?

[Dave20046]

Originally Posted by Stu

Why do you need to blame it on someone else?

Unless you're referring to the fire damage business, due to the nature of third party insurance you won't receive a penny for your own vehicle unless someone else is at fault.

Originally Posted by AndyW

It is open to interpretation, just be aware that if they catch you lying your policy is invalidated, you get no refund, and they may press fraud charges (although not very likely).

There is a difference between I fell off, no damage so didn't bother reporting it (no record of accident exists) and bike was written off when I crashed into a plod car at 120 (there will probably be a record for that!).

Exactly. But like I said, no other parties involved.

[Mr Speirs]

Originally Posted by Stu

A £2Grand payout would be worth more than a years NCB.
I can't believe you're giving in so easily. Have you contacted a solicitor?

Even if they paid out it would only be valued against a crashed bike so a £2k payout isn't going to be likely.

[Stu]

Oh well if you'd rather have a year's NCB than claim for a total loss.
Can't see the point of paying for more than TPO ins. then.

Originally Posted by Stu

Oh well if you'd rather have a year's NCB than claim for a total loss.
Can't see the point of paying for more than TPO ins. then.

It would only be against the crashed bike though, I think that's the prob - so they would value the bike generously at £500, less his excess - so he gets maybe a couple of hundred? (don't know his excess)

I gotta say I wouldn't bother for that...if it was a question of getting pre-accident value back, then maybe, but pre-fire only doesn't seem worth it.

Originally Posted by Dave20046

due to the nature of third party insurance you won't receive a penny for your own vehicle unless someone else is at fault.

I thought that the nature of third party insurance was that you didn't receive a penny from your own insurance for your vehicle even if someone else was at fault. If you are TPO or TPFT and involved in a collision with a third party (that's their fault) you will claim off their insurance. Your insurance will only cover the damage to their vehicle / them if it is your fault.

Your TPO or TPFT covers you for nothing to do with accidents, only the fire or theft part. And I would assume (same as Mr Speirs has) that it has obviously not been stolen and the fire element is surely to do with if it spontaneously combusts outside your house / in your garage or if someone sets it on fire. It can't be covered for a fire resulting from a crash that is your own fault (sorry Britney ).

[Mr Speirs]

Originally Posted by carty

It can't be covered for a fire resulting from a crash that is your own fault (sorry Britney ).

Yup totally agree with you. It isn't the insurers responsibilty.