insurance refusal because car is too old

jassha

Hi guys. A friend jst bought an old 1988 BMW but his insurance company wont let him transfer his insurance cos they say car is too old. they wont refund it either. Why is thisand any suggestions as to what he can do. Thanks

rickyjb

What company is it? They legally have to provide him/her with a quote, although it may be stupidly high.
Ask to talk to a manager or kick up a general fuss, threaten them with the ombudsman if necessary and they should transfer it to the new vehicle.

If he cancels his policy and he has paid for it in full they should refund it pro rate if there is more than a month or two if it left.

Matt Simis

jassha wrote: »

Hi guys. A friend jst bought an old 1988 BMW but his insurance company wont let him transfer his insurance cos they say car is too old. they wont refund it either. Why is thisand any suggestions as to what he can do. Thanks

Look on BMW-Driver.net for the Classic (considered as 15years and older in this case) insurance offer.

MarkoC

jassha wrote: »

Hi guys. A friend jst bought an old 1988 BMW but his insurance company wont let him transfer his insurance cos they say car is too old. they wont refund it either.

If the existing car was insured over 8 months already i dont wonder why they dont refund ...

Niot enough info here ...

antodeco

What insurance Co?
What was the previous car?
How old is the policy?
How old is your friend?

jassha

Thanks guys. Sorted via bmw-driver.net. Thanks for the help

Dades

jassha wrote: »

Thanks guys. Sorted via bmw-driver.net. Thanks for the help

What was the outcome?

si_guru

rickyjb wrote: »

They legally have to provide him/her with a quote,

Out of interest is that actually true? I never heard of that before.

Anan1

si_guru wrote: »

Out of interest is that actually true? I never heard of that before.

Me neither. KamiKazi claimed it on a recent thread, another poster called him on it and, from memory the matter was let drop. I think people may be confusing this with the requirement for some ins co to quote you if you forward x number of refusals to the insurance ombudsman. Note some, not a particular one.

slimjimmc

http://www.citizensinformation.ie/en/travel_and_recreation/motoring_1/motor_tax_and_insurance/motor_insurance.html

If you are refused motor insurance

Individual insurers have the right to refuse you cover, but they must provide you with a reason for the refusal should you ask for one. However, even though you have been refused cover, you are entitled to go to the Declined Cases Committee of the Irish Insurance Federation who will obtain an insurance quotation for you. In order for the Committee to consider your case you must first have sought and been refused quotations in writing from at least three insurers. (See 'Further information' below).

Nothing in there about being legally required to provide a quote.

[update]
http://www.iif.ie/Portals/1/Motor%20FAQ.pdf in the section entitled "What can I do if I am unable to obtain motor insurance?"

Where an individual has held a policy within the previous three years, the insurance company concerned is obliged to provide the individual with a quotation

So there is an agreement within the industry but it's not necessarily a legal requirement.
[/update]

dtm

if your car has a valid NCT then im sure you would have a case against them?

Henry Ford III

RoverJames wrote: »

If he cancels his policy and he has paid for it in full they should refund it pro rate if there is more than a month or two if it left.

You will struggle to get pro rata refunds at any stage. The expenses of sale etc. have been incurred for the full year.