I have just put 2 of my classic cars into storage. They are housed in an insured 24hr security manned purpose built storage facility with cctv. So I thought id better let my insurance company know about the change of address. To cut a long story short they told me that they couldnt insure the cars any longer because the policy states they must be at my home, either on the drive or in a locked private garage and not a 'communal' garage, even though its fully secure! So what happens when you go on holiday and leave your car in an airport parking facility or even when its under repair at a garage, does that make your insurance void? Im not sure I understand the logic......can anyone explain please?
With premiums going up at the moment (it would seem), perhaps they're more than happy to opt out of your current schedule on a technicality and will then requote at a later date. I wonder which way the premium will go. Have a word with the storage place and see if they have any recommendations for insurers. They may well have good relations with particular firms...
You might find the clause is related to where the car has to be when YOU are at home. Airports etc. should be ok. It gets really interesting when you arrive home, leave the car on the road, decide to put the car in the garage later, and it gets stolen before you get around to it! As far as the Dealer Garage is concerned, they must have an insurance if the car is stolen when entrusted to them, surely! Insurance underwriters are getting very international nowadays, and many surprises in UK seem very familiar when I look at my German policies!
On my first policy the car wasn't insured between the hours of 10pm and 6am outside (on my drive) my house !! It was alright leaving it on the pub carpark over night but not outside your house !!
Its rediculous.....my cars are insured on my drive, outside in the open air where anyone could steal them yet they see it as a problem when they are in a fully insured, fully secure storage unit with cctv and 24 hour security! WHY OH WHY OH WHY?
Money. Ker-ching! Just like bookies, you rarely see poor insurance firms (and I guess there should be no surprises with these two professions!). Look at the Gherkin building!
