MINI2

russyellocoops · Dec 4th, 2006, 03:44 PM

Well, In the end I took mini shortfall.

I think I'd possibly be ok using one of the cheap insurers?

please discuss?

esxollie · Dec 4th, 2006, 07:30 PM

Most (not found one that doesn't) insurers will replace your new mini in the first year if it is written off - so you are paying for a years cover that most likely you do not need. !

That said a shortfall is a comfort - maybe haggle on the price?

stuvoi · Dec 4th, 2006, 08:39 PM

Quote: Originally Posted by russyellocoops (original)

Well, In the end I took mini shortfall.

I think I'd possibly be ok using one of the cheap insurers?

please discuss?

I guess if the cheap insurers don't pay for the "extras", eg Chili pack, aero kit, then will they only pay out £15k (on a Cooper S), rather than the insured value (eg £20K) then shortfall would be a good thing. Depends what the difference in insurance costs are, versus cost of shortfall.

I guess we need to find someone who has written car off and been in same situation.

stuart

russyellocoops · Dec 7th, 2006, 01:52 PM

Car was used and older than 12 months!

And seeing as we were buying from a dealer the few quid shortfall is i thought it was worth it as any insurance company would value it a K less than we paid i'm sure!

Just really testing the water as you say anyone who's claimed using a cheap insurer and shortfall?

As i understand it if the car gets written off in the next 4 years i'd get paid out upto invoice value above the insurance settlement??????

cosmic68 · Feb 2nd, 2007, 09:22 AM

Quote: Originally Posted by esxollie (original)

Most (not found one that doesn't) insurers will replace your new mini in the first year if it is written off - so you are paying for a years cover that most likely you do not need. !

That said a shortfall is a comfort - maybe haggle on the price?

Cheaper ones like Elephant and Admiral (UK companies) don't-they just offer the market value. Could you tell us which cheaper companies do?

Dec 4th, 2006, 03:44 PM	#1
russyellocoops having fun or hungover... Join Date: Aug 2006 Location: Preston Local Time: 04:21 AM Posts: 1,272 Offline	Cheap insurers & Shortfall Well, In the end I took mini shortfall. I think I'd possibly be ok using one of the cheap insurers? please discuss?

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Dec 4th, 2006, 07:30 PM	#2 (permalink)
esxollie MINI2 Regular Join Date: Nov 2006 Local Time: 04:21 AM Posts: 52 Offline	Most (not found one that doesn't) insurers will replace your new mini in the first year if it is written off - so you are paying for a years cover that most likely you do not need. ! That said a shortfall is a comfort - maybe haggle on the price?

Dec 4th, 2006, 08:39 PM	#3 (permalink)
stuvoi MINI2 Regular Join Date: Jul 2004 Local Time: 04:21 AM Posts: 338 Offline	Quote: Originally Posted by russyellocoops (original) Well, In the end I took mini shortfall. I think I'd possibly be ok using one of the cheap insurers? please discuss? I guess if the cheap insurers don't pay for the "extras", eg Chili pack, aero kit, then will they only pay out £15k (on a Cooper S), rather than the insured value (eg £20K) then shortfall would be a good thing. Depends what the difference in insurance costs are, versus cost of shortfall. I guess we need to find someone who has written car off and been in same situation. stuart

Dec 7th, 2006, 01:52 PM	#4 (permalink)
russyellocoops having fun or hungover... Join Date: Aug 2006 Location: Preston Local Time: 04:21 AM Posts: 1,272 Offline	Car was used and older than 12 months! And seeing as we were buying from a dealer the few quid shortfall is i thought it was worth it as any insurance company would value it a K less than we paid i'm sure! Just really testing the water as you say anyone who's claimed using a cheap insurer and shortfall? As i understand it if the car gets written off in the next 4 years i'd get paid out upto invoice value above the insurance settlement??????

Feb 2nd, 2007, 09:22 AM	#5 (permalink)
cosmic68 MINI2 Newbie Join Date: Jan 2007 Location: London Local Time: 04:21 AM Posts: 29 Offline	Quote: Originally Posted by esxollie (original) Most (not found one that doesn't) insurers will replace your new mini in the first year if it is written off - so you are paying for a years cover that most likely you do not need. ! That said a shortfall is a comfort - maybe haggle on the price? Cheaper ones like Elephant and Admiral (UK companies) don't-they just offer the market value. Could you tell us which cheaper companies do?

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