Insurance and MOT
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Hello.
I have just reinsured a lotus with Footman James. I was with Lancaster.
With FJ I have agreed value. But just noticed the small print. The agreed value will be invalidated if a vehicle built after 1960 does not have an MOT. Whereupon market value will apply.
This coming May we will no longer need MOTs on many of our cars... does that mean that my agreed value is worthless ?
I have written to the computer but expect no response...
Just thought I would mention it ... wasn't in the small print with Lancaster....
I have just reinsured a lotus with Footman James. I was with Lancaster.
With FJ I have agreed value. But just noticed the small print. The agreed value will be invalidated if a vehicle built after 1960 does not have an MOT. Whereupon market value will apply.
This coming May we will no longer need MOTs on many of our cars... does that mean that my agreed value is worthless ?
I have written to the computer but expect no response...
Just thought I would mention it ... wasn't in the small print with Lancaster....
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LaikaTheDog - Third Gear
- Posts: 333
- Joined: 29 Oct 2003
Hi
I thought this would happen, I have just renewed with Lancaster and it is not in the rules yet so I need to keep an eye on any changes.
I anticipated that I would continue having the car tested to be sure that I have proof of road worthiness for any challenge in the future.
I thought this would happen, I have just renewed with Lancaster and it is not in the rules yet so I need to keep an eye on any changes.
I anticipated that I would continue having the car tested to be sure that I have proof of road worthiness for any challenge in the future.
John
+2s130 1971
+2s130 1971
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Hawksfield - Fourth Gear
- Posts: 601
- Joined: 14 Jul 2004
rcraven wrote:Except it means they have to apply what to many of them will be some out of date and unfamiliar MOT requirements.
You mean do less work for the same money?
- seriouslylotus
- Second Gear
- Posts: 78
- Joined: 29 Aug 2012
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