WE NEED YOU!

[CK@Chris Knott Insurance]

That’s right - we want your feedback.
Why?
Because we’re planning to create some helpful information and articles and want to make sure we’re addressing your needs.
So, we want to know:
 

• What leaves you baffled when arranging insurance?
• What aren’t you sure about when you arrange cover?
• Do you have questions about modifications?
• Are you unsure about what an insurance broker does?
   

Whatever your query, pop it in the comments below and we’ll start putting together some answers!
 

Thanks

 

Simon

[Loadmaster]

I have a query that puzzled and slightly annoyed me at the time - it's not related to CKI, but another well known "specialist"....

 

Last November I had my 370Z mildly modified with an ECUtek re-map, Cobra HFCs, HKS filters and a set of 15mm spacers all round. Prior to this I rang up a well known specialist to get an idea what sort of insurance premium this might attract as I didn't think that my 'regular' insurer (LV) would be open to modifed cars. I listed the proposed mods and to my amazement I was told that the car would have to be modified FIRST and then they would quote! I did manage to get an informed guesstimate from them - I think it was around £450, which I thought was okay considering that my LV fully comp policy for the standard car was £290.

 

However, I wasn't prepared to get the car modified and then get quotes - the car obviously needed to be insured for the mods when I drove away from Abbey. I went back to LV out of curiousity and they did accept the mods, all for the additional premium of around £30 over the £290 previously paid! Well over £100 cheaper than a specialist.

 

So, in amongst all the waffle above my query is, is it normal practice for an insurance company to ask that a car is modified first in able to provide an insurance quote for it?

 

Thanks,

LM    

 

 

[Stutopia]

I have a question, why is it impossible to get a quote without a phone call? Every time I need to get new prices, particularly on something modified, I have to do a call - a webform would be sooooooo much more convenient.

[CK@Chris Knott Insurance]

17 minutes ago, Loadmaster said:

I have a query that puzzled and slightly annoyed me at the time - it's not related to CKI, but another well known "specialist"....

 

Last November I had my 370Z mildly modified with an ECUtek re-map, Cobra HFCs, HKS filters and a set of 15mm spacers all round. Prior to this I rang up a well known specialist to get an idea what sort of insurance premium this might attract as I didn't think that my 'regular' insurer (LV) would be open to modifed cars. I listed the proposed mods and to my amazement I was told that the car would have to be modified FIRST and then they would quote! I did manage to get an informed guesstimate from them - I think it was around £450, which I thought was okay considering that my LV fully comp policy for the standard car was £290.

 

However, I wasn't prepared to get the car modified and then get quotes - the car obviously needed to be insured for the mods when I drove away from Abbey. I went back to LV out of curiousity and they did accept the mods, all for the additional premium of around £30 over the £290 previously paid! Well over £100 cheaper than a specialist.

 

So, in amongst all the waffle above my query is, is it normal practice for an insurance company to ask that a car is modified first in able to provide an insurance quote for it?

 

Thanks,

LM    

 

 

Hi,

 

Thanks for your question.

 

We'll add this to our feature on modifications.

 

By way of quick reply though, the Insurers we use are often much more flexible than this. 

 

Simon

[CK@Chris Knott Insurance]

10 minutes ago, Stutopia said:

I have a question, why is it impossible to get a quote without a phone call? Every time I need to get new prices, particularly on something modified, I have to do a call - a webform would be sooooooo much more convenient.

Hi,

 

The main reason is that most of our forum car quotes are bespoke and don't come from rates listed in a quote engine. 

 

We'll answer this fully as part of this exercise.

 

Thanks for your question 🙂

 

Simon

[G1en]

Is there a universal list of what classes as a modification?

I am guessing many cars on the road have non oem wheels but probably only a small percentage have actually declared them. Its seems daft that non standard wheels makes you potentially more of a risk but your allowed to put budget ditchfinder linglong tyres on no problem.

likewise, the same with car stereos and the list goes on.

Do stickers/graphics class as a mod and effect the premium? (God i hope not)

Also why does my premium go up (with current insurer) with mods but they will only replace with oem parts, surely if someone is paying a premium they should expect to get the premium part replaced?

 

[ShortPaul]

Hi, i have a nismo v2, i replaced the oem rims with the oem rims from a nismo v1, is this classed as a mod? as the current rims are a factory rim supplied by Nissan? 

[Willsy1980]

Lets see if we can get an answer to this one this time....

 

I work in IT, but when I said it was IT in the Private Education sector it was cheaper than when I put IT field engineer in the Hospitality Sector. 

Additionally, the first quote (current price) has Business use, commute and SDP the latter was for SDP only.

 

So Same person, same car, same address, same job type just in a different sector. Very different price.

Be very interested to know as im currently thinking of making big changes to my cover, she is sat in the drive most days now and only comes out at the weekend. 

[CK@Chris Knott Insurance]

14 hours ago, G1en said:

Is there a universal list of what classes as a modification?

I am guessing many cars on the road have non oem wheels but probably only a small percentage have actually declared them. Its seems daft that non standard wheels makes you potentially more of a risk but your allowed to put budget ditchfinder linglong tyres on no problem.

likewise, the same with car stereos and the list goes on.

Do stickers/graphics class as a mod and effect the premium? (God i hope not)

Also why does my premium go up (with current insurer) with mods but they will only replace with oem parts, surely if someone is paying a premium they should expect to get the premium part replaced?

 

Hi,

 

Thanks for your questions.

 

We will address some of these in a feature about modifications, but I'll answer briefly here.

 

The question we ask is along the lines of 'Are there alterations to the vehicle from the manufacturers original specification?'. 

 

We have (some) Insurers who will replace modified parts like-for-like. It is one of the key benefits to using us as your Broker.

 

Insurers don't always charge for modifications but they certainly need to know.

 

Simon

[CK@Chris Knott Insurance]

13 hours ago, ShortPaul said:

Hi, i have a nismo v2, i replaced the oem rims with the oem rims from a nismo v1, is this classed as a mod? as the current rims are a factory rim supplied by Nissan? 

Hi,

It is always best to declare this sort of thing because there has been a change to the specification since the vehicle was originally supplied.

 

Some Insurers will charge for this, some won't. We can advise you at the time of quote, if we are provided with the information.

 

Simon

[CK@Chris Knott Insurance]

5 hours ago, Willsy1980 said:

Lets see if we can get an answer to this one this time....

 

I work in IT, but when I said it was IT in the Private Education sector it was cheaper than when I put IT field engineer in the Hospitality Sector. 

Additionally, the first quote (current price) has Business use, commute and SDP the latter was for SDP only.

 

So Same person, same car, same address, same job type just in a different sector. Very different price.

Be very interested to know as im currently thinking of making big changes to my cover, she is sat in the drive most days now and only comes out at the weekend. 

Hi,

 

Employment type/sector can certainly affect quote rates. Insurers set their rates based on claims, and the occupation/employment sector can play a part in this.

 

The type of cover required can also be a factor.

 

We'd be happy to provide you with a quote and talk through the various options, to make sure that you get the cover you need.

 

Please contact our sales team on 0800 917 2274.

 

Simon

[Andy_Muxlow]

So here's another question. I am a professional training instructor in the powered access sector. I have to put down that its in construction, although I don't go onto construction sites. Why am I considered a higher risk?

[G1en]

Thats because you have an A and D in your name, very high risk as they also appear in the word “accident”

[CK@Chris Knott Insurance]

3 hours ago, Andy_Muxlow said:

So here's another question. I am a professional training instructor in the powered access sector. I have to put down that its in construction, although I don't go onto construction sites. Why am I considered a higher risk?

Hi,

 

If you work for a construction company, even though you don't go on site, we would have to record that information. However, we have looked into this briefly (on a test quote) and there was no difference between Construction Industry or Training Company, with our Insurers, at least. 

 

We really need your full details in order to explore this further and we are happy to talk to you when your renew is due.

 

Simon

 

[Willsy1980]

On 27/04/2022 at 11:31, CK@Chris Knott Insurance said:

Hi,

 

Employment type/sector can certainly affect quote rates. Insurers set their rates based on claims, and the occupation/employment sector can play a part in this.

 

The type of cover required can also be a factor.

 

We'd be happy to provide you with a quote and talk through the various options, to make sure that you get the cover you need.

 

Please contact our sales team on 0800 917 2274.

 

Simon

Hi Simon, 

 

My point is regardless of what sector I provide support to im still IT, how does the end user being a teacher or a chef or whatever impact my price ?

Edited April 28, 2022 by Willsy1980

[CK@Chris Knott Insurance]

3 minutes ago, Willsy1980 said:

Hi Simon, 

 

My point is regardless of what sector I provide support to im still IT, how does the end user being a teacher or a chef or whatever impact my price ?

Hi,

 

It is to do with claims statistics. An Insurer might find that IT professionals in the education sector have more claims than IT professionals in the hospitality sector. If they didn't differentiate, all IT professionals could see higher premiums, even though the data suggest that the sector is the major factor.

 

 

Simon

[Willsy1980]

Out of curiosity, what is the lowest risk profession ?

[DoogyRev]

9 minutes ago, Willsy1980 said:

Out of curiosity, what is the lowest risk profession ?

 

Retired? 🤣

[CK@Chris Knott Insurance]

14 minutes ago, Willsy1980 said:

Out of curiosity, what is the lowest risk profession ?

Insurance Broker.

 

Just kidding 🤣

 

Simon

[CK@Chris Knott Insurance]

Hi,

 

Just a quick message to say that we have now reviewed all of the questions raised here and on other forums. The plan now is for us to write articles covering these topics and we'll let you know when these are ready. 

 

Thanks again for your contributions, and for your patience whilst we complete this process.

 

Simon