nixy Posted September 13, 2010 Share Posted September 13, 2010 I just had an amendment on my policy and when the paperwork came i noticed a clause that i had not spotted before. It said that in the event of a total loss they would pay the cost of the car in the country it originated OR the UK equivalent whichever is the less. If my car was a total loss and they gave me the value that i could buy it for IN JAPAN, it may as well not be insured. It needs to be the value of buying an import in the UK. When I bought my car many moons ago it was £15k - only £11k ish of that was the purchase price in Japan because they are so cheap there - the rest was the other associated costs of importing etc. I'm estimating my car now in Japan would be worth about £5k! I am insured through Chris Knott and have put a PM in to Tim to ask him the question. If i'm reading that right then i'll need to cancel and go elsewhere. I would advise any import owners to go and check the small print on their policy! Quote Link to comment Share on other sites More sharing options...
UNABASHED Posted September 13, 2010 Share Posted September 13, 2010 off I go to check my terms and conditions! Quote Link to comment Share on other sites More sharing options...
IanS16 Posted September 13, 2010 Share Posted September 13, 2010 Uh oh. On a side note you've just devalued our cars to approx £5k - insured or not Quote Link to comment Share on other sites More sharing options...
nixy Posted September 13, 2010 Author Share Posted September 13, 2010 yes if you want to go and live in Japan! Quote Link to comment Share on other sites More sharing options...
Husky Posted September 13, 2010 Share Posted September 13, 2010 wow thats criminal. kudos for reading the small print. hail dorothy! Quote Link to comment Share on other sites More sharing options...
Dblock Posted September 13, 2010 Share Posted September 13, 2010 Il check my policy but I'm not with chris knot. Sounds like a cheeky company. Quote Link to comment Share on other sites More sharing options...
UNABASHED Posted September 13, 2010 Share Posted September 13, 2010 Nixy, are you with Highways Insurance? Quote Link to comment Share on other sites More sharing options...
nixy Posted September 13, 2010 Author Share Posted September 13, 2010 Yes they placed me with Highway. It's not a Chris Knott problem as such, they are just the broker, it's the company they have put me with. Are you with Highway? Quote Link to comment Share on other sites More sharing options...
UNABASHED Posted September 13, 2010 Share Posted September 13, 2010 I was but just moved to Chaucher (sp), I think I have the policy in post today so I'll check the wording! Quote Link to comment Share on other sites More sharing options...
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