If the internet’s myriad of car insurance providers is not for you and you prefer the personal approach, or your requirements are slightly different due to convictions, accident history, drivers or vehicle type, we may be able to assist.
Speak to our Private Clients team for assistance.
Insure Classic, Vintage & Veteran Cars
We have access to a number of specialist insurers and providers for veteran, vintage and classic vehicles:
Veteran Cars (pre 1910)
Vintage Cars (1910 to 1950)
Classic Cars (1950 to 1970)
Modern Classic Cars (1970 to 1990)
Future Classic Cars (post 1990)
Generally insured on a named driver, agreed value and limited mileage basis, premiums can be very competitive.
Speak to our Private Client team for assistance.
What is GAP Insurance?
Are you looking to buy a new or nearly new vehicle?
Everyone knows when you buy a new vehicle you lose money from the second you leave the forecourt.
Unfortunately the amount owed under any finance agreement does not fall quite as fast.
So, should you have an accident and your vehicle be written off, most insurers will only pay-out the value of the vehicle at the time of the accident, known as the current ‘market value’.
This will be less than you paid for the vehicle and, invariably, less than the outstanding balance on your finance.
Standard GAP Insurance covers this shortfall.
Your Vehicle cost – £20,000
Deposit – £1,000
18 months later…..
Insurance settlement after write off – £12,000
However outstanding amount left to pay on your finance – £14,500
Shortfall left to pay – £2,500
Standard GAP INSURANCE will pay this £2,500
However, as well as having to pay for the shortfall, you will also need to be looking for a new car!
Return to Invoice GAP Insurance pays the difference between the purchase price and the insurer’s settlement, or if greater the amount required to settle any finance.
Your Vehicle cost – £23,000
24 months later…..
Insurance settlement after write off – £16,000
Return to Invoice GAP INSURANCE will pay the difference of £7,000 to return the full value of your vehicle.
Our premiums are often much more competitive than those offered by garages.
Excess Protector Insurance
We are pleased to announce the availability of Excess Protector Insurance. This is an innovative, low cost add-on insurance product created to enable policyholders to insure and claim back policy excess – both private and commercial insurances.
This new Excess Protection Policy will but you back in control of your finances as you may choose the level of self insurance (excess) you are comfortable with. This will help you achieve a level of financial participation in the risk that suits your budget.
Examples of where this could be advantageous:
Insurers are increasingly quoting with higher standard excesses as a means to reduce their premiums. Further, insurers can apply higher excesses for claims producing or sub-standard risks e.g. where there have been convictions or where vehicles are particularly expensive. Young drivers’ are particularly affected often with £1,000 excess or so as standard. For a premium generally less than £100, such excesses can be insured.
Fleet Insurance – Cars and Vans
Many fleet policies provide additional discounts for high voluntary excesses. Often the excess protection policy will be much cheaper than the discounts available on the fleet. Further, where particular vehicles are hit with higher excesses due to values etc. these can be insured. It is not yet available for HGVs, coaches etc.
Where there have been a number of liability claims, insurers may impose a higher excess so as to try and protect themselves in future e.g. public liability excess of £2,500 or £5,000. This excess can be insured at very competitive rates.
Commercial Property / Contract Works
If an insurer imposes a large excess for one or two perils e.g. flood (if particularly exposed to flood for example), you can insure this excess.
Home Buildings and Contents
Many policies include a much higher excess for subsidence, landslip and heave, which can be reduced by taking out this cover.
High Net Worth
An excellent policy for busy people, it enables you to take on high levels of self-insurance through excesses on each of your personal policies. For example, the policy covers individual excesses amounts for motor, home, travel, and even private medical and pet insurance. ALl can be included within the one Excess Protection policy.
Professional Indemnity / Management Risks
Cover is not yet available for these types of insurances.
The Excess protection policy will work alongside most existing policies and is underwritten by one of the UK’s leading insurers. Quotations and documentation can be provided quickly and easily.
This is a simple insurance cover, which can be of huge benefit to you.
For more information, speak to your usual contact at Rowlands & Hames Insurance Brokers.
Temporary Vehicle Insurance Online
We have chosen to refer you to a dedicated website owned and operated by Temporary Cover Limited, offering its online scheme for temporary insurance cover for most forms of vehicles.
Temporary Cover Limited is a specialist in short period vehicle insurances, for circumstances such as:.
Instant insurance cover
Temporary additional cars & vans
Temporary additional drivers
Protect no-claims bonus
Immediate drive away cover
Temporary Cover Limited is directly authorised and regulated by the Financial Conduct Authority (FCA) under registration number 304419.
Please be aware that responsibility under FCA regulations will therefore be assumed directly by Temporary Cover Limited if you purchase insurance from them.
In order to provide you with a comprehensive online service, we have arranged to link you to certain specialist providers’ websites. These sites are owned and operated by the providers themselves.
When you click to go to these websites you will be able to obtain a no obligation and confidential instant quote, together with all the information you require to apply online for your chosen insurance.
Each supplier is directly authorised and regulated by the FCA.
Please be aware that responsibility under FCA regulations will therefore be assumed directly by the provider if you purchase insurance from them.
How to Find Us
Rowlands & Hames Insurance Brokers Limited. Registered in England & Wales No. 02195983. Authorised and Regulated by the Financial Conduct Authority (148191) - Site Maintained By KLUIO