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Discussion Starter · #3 ·
Theyve refused me on a F-Type that was 70k and today on a new GTR that was 75k?????

Ive been with them 4-5 years I think now and had multiple cars

I thought they'd be able to sort something out....?
 

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That is strange! But some insurance company's are like that with cars over £50 and new, usually it's because they know they can't compete.

Graham
 

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Theyve refused me on a F-Type that was 70k and today on a new GTR that was 75k?????

Ive been with them 4-5 years I think now and had multiple cars

I thought they'd be able to sort something out....?
It's all down to Risk. They can only provide based upon the deals they have with the insurance companies. If you have a current policy and good history I'm sure they'll have a go for you.
 

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Discussion Starter · #6 ·
10 years no claims

3 points

They had a go. Same answer as the F Type. No can do :confused:

If we were talking 200k or something, fine...... but its 70k! What decent luxury/performace car isnt over 70k new?

Its baffling. I thought They would want my business, not blankly turn it down.
 

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It's not Sky, it'll be the underwriters. Sometimes they simply don't have the "product" to insure you.
 

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10 years no claims

3 points

They had a go. Same answer as the F Type. No can do :confused:

If we were talking 200k or something, fine...... but its 70k! What decent luxury/performace car isnt over 70k new?

Its baffling. I thought They would want my business, not blankly turn it down.
Perhaps they read some of your posts :chuckle:
 

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Hi guys,

Sorry for the slight delay in responding - Although some of you have picked up the correct answer already. It is deemed by our underwriters that they will insure vehicles up to a £50,000. They will entertain enquiries in and around that figure but £70,000 is too big a jump for them at this stage.

Acutely aware (especially with the popularity of the GTR's in particular) that vehicle values can be in excess of this we are in negotiation to increase this limit but not something we can offer quite yet (I'm obviously very sorry for this!) But we are working on it.

Sorry we cannot help at this time but as soon as we are in a position to do so I'll be straight on here to let you guys know.

Many thanks

Chris
Sky Insurance
 

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Discussion Starter · #12 ·
It's not Sky, it'll be the underwriters. Sometimes they simply don't have the "product" to insure you.
Exactly, insurance brokers on this forum and elsewhere are just brokers.
It is Sky. I phoned them, they couldnt help me. I dont care who they use to underwrite the policies.

That's like saying its the cows fault for not dying because McDonalds had run out of burgers

I went to Sky. They couldn't help me. So its them.

Maybe they could use some underwriters that will insures cars over 50k? Nah, that would be mental, wouldnt it. :rolleyes:

They also took 4 attempts to release my no claims bonus to me. Only on the last attempt I was told to pay up £32.10 or something or they wouldnt release it. Some surplus from cancelling my policy early. Fair enough, I owe what I owe, but a 3 week wait and 3 phone calls telling me its on its way, only then to tell me to pay up after waiting for ages and spending half an hour on hold. Does my head in

Bare in mind I have got another car with them, and prior to that have had 3 policies running concurrently over the last 5 years.

................not that I care. Its only insurance
 

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Flynn, think of it another way. It's like walking into a branch of Curry's and asking them if you can buy a B&O Hi-fi. Yes they would love to sell you one but they don't have the accounts, contacts or NEED to sell them.

That's how insurance brokers work, the brokers sell packages of insurance from insurers. Greenlight for example struggle to insure BMW's due to historical claims, A-plan declined my postcode a few years back. However all use the same insurance companies somewhere along the line it just depends on what product, agreement and contracts they have in place.

I, and Chris at Sky will no doubt confirm, if they COULD insure you, they would, but they simple don't have the product to do so.
Does that make sense?

Mike
 

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I can understand the comments guys - Thank you Mike for explaining.

Sky have always specialised in insuring the modified car market - the nature of these cars for a long time have been vehicles that are older in nature and can be obtained and generally modified to the hills for less than £50,000. So when setting up the specialist policies for mod'd cars our insurers said they would be happy to insure these special vehicles but gave us a upper limit on value.

The GTR in particular changed the modified market by giving us a car that gave supercar performance, tuneable and straight off the production line - And so the trend is starting to change, we are starting to see some high value vehicles being modified and therefore a demand for the insurance has started to push the boundaries that we were previously working within.

So yes, The GTR has changed the way we have to look at insurance too - And we are in negotiations with insurers to have this upper limit increased so we can insure all of your cars.

We are reacting to the changes in the market and I apologise for those we have not been able to help this year. It is frustrating for us too - we really do want to be insuring you guys!

Many thanks
Chris - Sky
 

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