Hello everyone
I see this thread compares our Equity Red Star policy/quotes to those being offered by Adrian Flux and therefore would like to point out the main benefits of our policy cover. Obviously, we don’t know whether these benefits are included by other insurers under their policies, but these benefits that we offer have been considered important by users of the forum and the club, with whom we meet on a regular basis, which we all feel are important benefits to be considered when insuring a Fiat Coupe and considering alternative policies:-
. Modification Friendly
. Agreed Value available
. Salvage Retention
. UK Breakdown cover
. Possible Track Day Cover
Since we have started, as referered to many times in previous threads, our premiums were significantly lower than those offered by Adrian Flux and where renewal is offered on our policies there are not usually any significant price increases.
The nature of our policy with Equity Red Star is around the principle of a ‘classic’ car policy targeted at individuals doing lower than average mileage, wanting agreed value cover and salvage retention with the benefits of UK Breakdown Cover, usual cover benefits available under a typical 'classic car policy'. There is also the option to possibly include track day cover if ever required.
'Driving other car cover' is not available due to the nature of the contract, this is something usually included on a standard 'private car' policy, although some leading insurers have started to remove this facility in recent years.
Although there is no cover for another car, should an accident/incident occur the policy would provide a courtesy vehicle subject to the vehicle being repairable and the vehicle being repaired at a garage approved by the insurers. Should you wish to use a garage of your own choice then any courtesy vehicle supplied would be at the discretion of the garage you use. Should the vehicle not be repairable then once the vehicle is found to be non-repairable then a courtesy vehicle would not be supplied as the insurers would write your vehicle off and it would be expected that you would find a replacement vehcile asap. Should the incident be non-fault, regardless of whether the vehicle is repairable or not and there was someone to claim the costs back from then you should be able to hire a suitable replacement vehicle until the claim is settled and claim the costs back from the third party using the uninsured loss recovery services included in the cover.
Please bear in mind that these policies are flat rated, where no claims discount can be held against it, or any no claims bonus you have earnt could be used on another car if you want. Which means that usually where policies have had claims there has again been no significant price increase the following year(s). A standard private car policy, even if it has protected no claims bonus, still allows the insurer the option to increase the premium in other ways and therefore you may find your premium increase even when you have not had a claim.
For any form of insurance, it is not uncommon for one insurer to offer various policies by different distribution channels (ie: brokers, comparison websites etc). Therefore, not only can prices vary but also covers and benefits within the policy.
I hope this helps with future comparisons.
Regards
