Jingle Posted November 11, 2003 Report Share Posted November 11, 2003 Just coming up to insurance renewal time.My current insurer want 2000 quid. A company named Chaucer are offering 1375 which is a massive saving. They appear to do the normal extras and don't seem to be giving me anything less but I wanted to checkout their reputation.So, anyone heard of them, used them or been quoted by them?Thanks for your help,Jingle Link to comment Share on other sites More sharing options...
tjdixon911 Posted November 11, 2003 Report Share Posted November 11, 2003 Who are the underwritters(if thats right)? , I.e Norwich union etc. Link to comment Share on other sites More sharing options...
T2DAV Posted November 11, 2003 Report Share Posted November 11, 2003 never heard of them - sounds like a big story to me - maybe a novel idea! Link to comment Share on other sites More sharing options...
macboxster Posted November 12, 2003 Report Share Posted November 12, 2003 Just took a policy out with them through Quoteline they were really cheap, looked into the company and found that they part of the Lloyds underwriting group so they should be ok. Link to comment Share on other sites More sharing options...
macboxster Posted November 12, 2003 Report Share Posted November 12, 2003 Just found a site about them they been around since 1965... http://www.hmlmarketing.co.uk/chaucer_ins.htm Link to comment Share on other sites More sharing options...
tjdixon911 Posted November 12, 2003 Report Share Posted November 12, 2003 If you want to do a bit of shopping around try www.confused.com they get you loads of quotes from big names and you only have to fill your details out once. Link to comment Share on other sites More sharing options...
mattwarner Posted November 12, 2003 Report Share Posted November 12, 2003 Chaucer have been around for ages, but I believe only do "broker based" business which is why most people have never heard of them.If they are cheap and the cover is good then go for it! Link to comment Share on other sites More sharing options...
macboxster Posted November 12, 2003 Report Share Posted November 12, 2003 If you want a quote Quotelinedirect.co.uk uses them, saved me £500 on my renewal this year. They quoted me online £1012 they then called me 2 days later to confirm details and they got the price down to £879!! Link to comment Share on other sites More sharing options...
unknown Posted November 12, 2003 Report Share Posted November 12, 2003 You could always put a million pounds into trust and then you don't need insurance. Link to comment Share on other sites More sharing options...
Jingle Posted November 12, 2003 Author Report Share Posted November 12, 2003 Wow! Thanks for all the feedback everyone. Link to comment Share on other sites More sharing options...
joe@boxa.net Posted November 13, 2003 Report Share Posted November 13, 2003 You could always put a million pounds into trust and then you don't need insurance. how do i go about doing this? Will it still attract interest?JC Link to comment Share on other sites More sharing options...
unknown Posted November 13, 2003 Report Share Posted November 13, 2003 Are you serious? I don't think its possible anymore. Royal Mail used to have no insurance and met their own claims. I think that's changed now and I'm not sure how it worked.But realistically, you could look at setting up your own insurance company I don't even think you need a million, more like £100,000 to start with. Link to comment Share on other sites More sharing options...
mattwarner Posted November 13, 2003 Report Share Posted November 13, 2003 hmmm and what happens if you fall asleep at the wheel, drive off an embankment and de-rail a train killing lots of people think ya gonna need more than £1m in the bank! Link to comment Share on other sites More sharing options...
unknown Posted November 13, 2003 Report Share Posted November 13, 2003 You just need to be solvent and have a certain level of capital. In Guernsey, for example, the principal requirement is 100k in capital reserve. I guess that figure is set based on some kind of risk calculation.. Link to comment Share on other sites More sharing options...
nicola Posted November 14, 2003 Report Share Posted November 14, 2003 if you go with chaucer, just make sure you disclose all your claims!They do a CUE match on every new policy they take on. what this means is that the search a centralised database, where all insurers log previous claims. Link to comment Share on other sites More sharing options...
Jingle Posted November 14, 2003 Author Report Share Posted November 14, 2003 if you go with chaucer, just make sure you disclose all your claims!They do a CUE match on every new policy they take on. what this means is that the search a centralised database, where all insurers log previous claims. Great advice, thanks Nicola. Link to comment Share on other sites More sharing options...
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