Lockton Insurance - Well Happy

[John Sims]

As you may have spotted in Porsche Post, Porsche Club has established a relationship with Lockton Insurance.

I had the pleasure of meeting Claire, and her colleagues, at the recent workers conference and was very taken with their sensible attitude. Because of previous issues in obtaining insurance for Beaky, being somewhat modified, I asked Claire what their position was on modified cars. She noted that, in some respects, the car is immaterial as really they are establishing the probability of you running down a queue of people at a bus stop. I assume from this that modifications are an indicator that you want to drive fast......but then buying a Porsche, Ferrarri or Veyron (all of which they insure) are no more or less an indication of that.

Any road up, after five happy years insured with Footman James, I was surprised that this year Footman James opted not to insure me. I was stunned/frustrated/cross and many other emotions and contacted them to let them know my thoughts. I'm 50, haven't claimed in the five years the car has been with them and probably only done 10K miles in total during that time. I haven't had a "my fault" claim of any sort in 30+ years and have a clean licence. I was stunned that, while I thought I was solid gold, seemingly I was suddenly uninsurable.

A quick, and very pleasant, chat with Claire at Lockton's and she was able to give me a price there and then over the phone. And it was a price I was very happy with.

Particularly if you have a modified car, I would urge you to give them a ring. I am sure you wont be disappointed.

 

[Masher]

Did the insurance cover track days too?
Mick

 

[Nick_USA]

ORIGINAL: Masher

Did the insurance cover track days too?
Mick

I think it does but unless they have changed the coverage only ones run by PCGB.

 

[PAUL RUDDY]

I insured my S2 with Locktons about 2 weeks ago, no complaints from me, seem very professional .

Cheers, Paul

 

[944Scott]

Don't suppose they honour NCB do they ?

 

[pauljmcnulty]

ORIGINAL: 944Scott

Don't suppose they honour NCB do they ?

Think they do pretty much anything if you ask, but it is a special deal for Club members. Fair enough, as Classicline were exactly the same when I first insured; apparently members of a car club are a better risk, statistically, so they do a better package or price.

 

[944 man]

Did you have a problem with Classicline P-Mac? Ive just renewed and wasnt too impressed with the soft lad who was following up their renewal notice and I ended up so p*ssed off that I rang up and complained about him - they were mortified when I likened him to someone from Sureterm!

Anyway, I think I recall that it was something that I should bear in mind, but I cant actually recall what it was.

 

[GlennS]

Pinged Lockton's today for a quote for prospective purchase. Very good price was offered. Unfortunately the purchase didn't work out, but I will be talking to them again when the insurance for the 944 becomes due.

 

[DavidL]

This Locktons?
http://www.lockton.com/Services-And-Solutions/Classic-Car

only reason I query it is that PCGB isn't mentioned but FOC and AMOC are.
Too soon maybe.

 

[GlennS]

ORIGINAL: DavidL

This Locktons?
http://www.lockton.com/Services-And-Solutions/Classic-Car

only reason I query it is that PCGB isn't mentioned but FOC and AMOC are.
Too soon maybe.

Those are they []

 

[DavidL]

Thanks

 

[pauljmcnulty]

Did you have a problem with Classicline P-Mac

Yes, a big problem.

They are a broker, so they are totally reliant on the companies they farm your policy out to. In my case, the insurer didn't understand classic policies or agreed values, and automatically went in to writing my car off; the price of fitting a new wing is too high compared to the book value of a 944.

To be fair, Classicline did sort it eventually, but it was a long process, involved me doing a lot of shouting, and shouldn't have been necessary. I don't think that's a problem with them per se, but with any broker who's not fully on top of the companies they re-write the policies to.

I also had some correspondance with their MD over another matter, and was more than impressed with his attitude. I renewed with them in January, will be looking around when I renew next, and am not averse to sticking with them. I think it was a one-off problem, not well handled, but no-one's perfect.

 

[944 man]

Who were your underwriters? Im not sure who mine were but they bowed out recently and the new CL policy was underwritten by Equity Red Star.

 

[944 man]

It was by my side on my desk!

Last year: Brit, this year: ERS.

 

[pauljmcnulty]

Mine was Markerstudy. They are a division of someone else, I think, and not well reviewed.

Trouble is, you have to put your faith in the broker, and you only know if that's a good move when things go wrong. Markerstudy would have been fine if I had a new car, and wanted the full pick-up and repair it service, probably with a whiplash claim as well. They make their money on commisions for the courteousy car, transport company, lawyers and repair factory, so that's where they push you. A classic policy works the other way, ensuring you get the repair done right, not all the frills.

I'd put my money on Classicline paying out of their own pocket if Markerstudy had refused to honour the claim, based on the conversations I had before the claim. That's good, but better would have been checking out the underwriters a bit more. I agree that they seem to have expanded their team, and not everyone you speak to is as experienced.

Going back to Locktons, I think we were all agreed that they showed a very slick team; genuinely committed to the best policy, with the nice extras like trackday cover for Club events, European breakdown cover, that sort of thing. They were also very keen to make it a long-term relationship, which is a good match with car club members who also seem to be more likely to keep the car for years, be fastidious about looking after it, etc.

I think the general consensus was that they'd be expensive. They made no apologies for refusing to compromise their cover for cost, which normally sounds a bit more like Waitrose than Aldi, or Coutts over the Co-op bank. It's interesting that they seem to be coming in with good rates for the 944s and other "cheaper" Porsches, so well worth a look IMO.

 

[John Sims]

I did get another quote returned today which was more than Locktons. I had expected Locktons to be more expensive from what they said at the workers conference but it turns out they were extremely competitive. Their long standing experience with other prestige car clubs encourages me that, should I need to claim, I will be treated appropriately. Regrettably you never find out how good a policy is or not until you are in the mire and need to make a claim.

Another plus, despite it being a Classic policy, they still respect and maintain a no claims bonus. Many Classic policies seem to ignore this. Not necessarily an issue if your second car is always going to be on a Classic policy but something of a click in the sphericals if you do get a more conventional second car and find you have no NCB on a clean insurance you have had for years.

 

[SL Boy]

I recently took out insurance for our 997 GT3 with Lockton. A refreshing change from A Manning which I found a frustrating experience. What I particularly liked about Lockton was their ability to listen to a customer and respond to our needs. I was offered annual mileage limits of 1500, 3000, 5000 or 7500 miles with the option to start low and then pay the difference simply by bank transfer as mileage increased, agreed value for the car, PCGB trackday cover, UK and EU breakdown, up to 4 named drivers, choice of repairer including windscreen claims, low excess. Manning we're totally inflexible on things such as mileage - it was 5000 take it or leave it. If you didn't reach it, tough you were paying more than you need to and if you went up to 5000 the only option was to take out a new policy. They also insisted on a fee even for paying by debit card.

 

[andy watson]

Locktons quote £275!......£275.........£275........NO I can't believe it either

A-plan last year £98 this year £106 previous 3 years was around £125 so where did that PCGB club friendly quote from then???

 

[944 man]

Id suggest trying Classicline Andy. They allow incremental increases in mileage for pro-rate payment too.

 

[supersport]

I went with Locktons when I got home from the workers conference and well happy. I put both cars on and saved £50 and helped out the club. The breakdown of cost did hole up the 944 though, but brought the 911 down by more.

Excellent service and I thought it was any track day and with agreed value. Chubb the under writers have an excellent reputation.