PYB Blog

Archive for the ‘Car’ Category

  1. Why only 23% of drivers claim on their Car Insurance for Cosmetic Damage

    According to our recently conducted survey, 51.4% of drivers have scraped, bumped or knocked their car causing minor cosmetic damage and 26.4% have had it happen to them more than once.

    However, a staggering 76.5% of drivers who had suffered cosmetic car damage stated that they did not claim for the damage on their motor insurance instead they decided to get the damage repaired themselves or just live with it. Our info graphic below tells you why:

    Motor Infographic

     

    What happened to the 23.3% who did claim on their Car Insurance?

    Of those respondents who did claim on their car insurance 30.8% said they lost their no claims bonus, 23.8% had to pay a large excess and 30% found that their policy went up significantly when renewing their policy.

    With Car insurance excess costing in the region of £200 – £500 it is easy to see why it may be more cost effective to deal with damage yourself, or choose to ignore it.

    It’s no doubt that an unexpected scratch or dent can leave you tightening your purse strings for the month to cover the damage from your own pocket, or leave you with an ugly reminder of your miss fortune. Luckily, Protect your bubble have launched Cosmetic Car Insurance, a proactive solution that means in the event of a minor accident or bump to your vehicle, you can get your cosmetic car damage repaired right away without feeling the pinch. To find out more about Cosmetic Car Insurance visit uk.protectyourbubble.com/cosmetic-car-insurance/

  2. Car Rental Insurance: Avoid the Pitfalls!

    The big question is obvious – to insure, or not to insure? The risk to your wallet can be considerable since the excess can run to thousands of pounds, so it’s essential you know your options and pay close attention to the small print. Insurance is a legal requirement in many countries, but that doesn’t mean you need to take out cover every time you hire a car :

    • If you’re renting for business, your employer’s insurance will probably cover the hire car, and it may be as simple as adding your name and a copy of your license to the policy.
    • If it’s personal, check your regular car cover – there may be a way of adding on hired cars as part of your annual policy, which can save considerable hassle and expense if you hire cars frequently.
    • Credit card holders may also enjoy rental car insurance  as a perk of annual membership, so it’s a good idea to check with your provider to see what’s available.

    However, if you decide to insure with the rental company, they’ll tell you all of your options and you should expect to find them confusing. That’s what they want. What they won’t tell you is that insurance is a tidy little earner for them, with a third of rental customers often over-paying for insurance that doesn’t always provide the cover they need.

    Insurance will generally cover theft, damage to the vehicle and third-party cover, but the biggest danger here is the excess you will have to pay should you make a claim. The amount varies hugely between companies, and can be anything from £500 to £2,000. This means that you’ll be liable to pay for a broken tail light, dented bumper or cracked windscreen out of your own pocket, even if it wasn’t your fault.

    Those on the inside track are taking a relatively new option. They take out  rental car excess insurance, which covers any money paid as excess on claims made on rental cars. Taking out insurance on your insurance may seem excessive, but prices are low (a couple of quid if you pay for a single day, and much less if you pay for an annual policy) and the peace of mind it provides really makes a difference.

    Anyone who’s had to pay through the nose for someone else’s mistake will tell you the same. After all, you can never be too careful – especially when other drivers aren’t.

  3. Survey Shows Half of Us Leave Car Running to Warm Up

    A new survey indicates that half of UK motorists leave their vehicle unattended to let it ‘warm up’, thus rendering their car insurance policies invalid in the event of a theft.

    The research carried out by a leading insurance company, found 47% of people said they leave their car outside to defrost and warm up while they nip back indoors to keep warm.

    It is estimated that £12.7m worth of vehicles are stolen when an owner goes back into the house while their car engine is still running. The trend of leaving cars idling is more common during the colder winter months as drivers wait for demisters and heated windscreens to clear frost and ice.

    However, many are unaware that leaving the keys inside the car can invalidate their car insurance cover.

    A survey spokesperson said: “Leaving a car with keys in the ignition provides a perfect opportunity for thieves, and we as motorists are especially likely to do this at this time of year. People have an ‘it won’t happen to me’ attitude and think it’s fine to quickly nip into the house. However, in reality, it can and does happen everywhere in the UK.”

  4. First computer to be rebuilt in London

    The first truly modern computer, built at Cambridge University in 1949, is to be rebuilt at Bletchley Park, the former home of the Enigma code-cracking sleuths in the Second World War.

    EDSAC (Electronic Delay Storage Automatic Calculator) was built by Maurice Wilkes and Bill Renwick to aid research scientists in their calculations. The size of a room, it helped two scientists win Nobel prizes with its ability to process millions of calculations a minute, something that most modern computers take for granted.

    The Computer Conservation Society is leading the re-building project, which will take three years and cost £250,000. The funds will come from a charitable consortium led by the entrepeneur Hermann Hauser, and will eventually be put on display at the Museum of Computing in Bletchley.

    Most of the work involved lies in sourcing the parts required; vital parts such as valves are hard to come by, and the researchers are having trouble sourcing the original plans to the machine.

    However, they have enlisted the help of computer expert and conservationist Chris Burton, who is “optimistic that [they] will get there”, according to CCS chairman Dr. David Hartley. “We’re building up a good picture of what it was like… but there comes a point at which we have to guess what was in the designer’s mind at the time.”

    The team will also have to seek replacements for the 5-foot tubes of mercury that the original EDSAC used as a method of data storage, which are now considered hazardous to health and safety.

  5. Audi show off new e-tron Spyder electronic car

    Having originally displayed their e-tron concept car in Frankfurt in 2009, Audi have revealed their latest version of the electric sports car at the much hyped 2011 Consumer Electronics Show in Las Vegas.

    The 2011 e-tron Spyder plug-in hybrid is the German car manufacturer’s top of the range R8-inspired sports model. Its unveiling follows on the back of similar product displays from the Frankfurt Motor Show in 2009, a smaller R4-inspired e-tron from Detroit in 2010 and the Paris 2010 e-tron Spyder edition.

    The car is similar in size to a Porsche Boxster, can accelerate from 0-60mph in 4.4sec and has an electronically limited top speed of 155mph.

    The car has four individual controls powering each wheel and all four wheels can accelerate and brake individually, providing great traction control. The firm refer to the system as e-quattro, an evolution of the traditional Quattro system.

    The front wheels are powered electronically, whilst the rear wheels are powered by a twin-turbocharged 3.0-litre TDI diesel engine. Once fully charged the vehicle will have a range of around 150 miles before in needs to be plugged in and recharged.

    The Audi e-tron electric supercar is predicted to be in production in 2012, but don’t expect this car to be showing up at your local Audi dealership for Joe Public to purchase any time soon. The car will be sold to selected VIPs, collectors and Audi fans.

    It would be no surprise to see a few Hollywood celebrities speeding around in one of the Audi e-tron Spyders, which would provide great PR for Audi and enhance the ‘green’ credentials of the driver.

Protect your bubble is a trading name of Assurant Direct Limited, a company registered in England and Wales (registration company number 5399683). Assurant Direct Limited is an Appointed Representative of Assurant Intermediary Limited, a company registered in England and Wales (registration company number 4019801). Assurant Intermediary Limited is authorised and regulated by the Financial Services Authority (registered number 311243). You can check this on the FSA's register by visiting the FSA's website www.fsa.gov.uk/Pages/register or by contacting the FSA on 0845 606 1234.

Entries (RSS) | Comments (RSS) | Log in