RMS - Member Insurance Scheme

Discussion in 'Legal and Insurance' started by Tony@Greenlight, Jan 15, 2007.

  1. Tony@Greenlight RMS Trader

    Offline
    Member Since:
    Nov 23, 2006
    Location:
    Brentwood, Essex
    Drives:
    Audi TT
    RMS Members Insurance scheme from Greenlight Insurance

    Greenlight have been providing our specialist vehicle Insurance products to the performance or modified vehicle owner since 1996.

    Some of you may already be aware of Greenlight through our presence within the performance media, via owners clubs or forums (which amongst others include Scoobynet, Honda CTR register, Fiat coupe FCCUK, Cliosport, Club GTi & Passion ford).

    It was several members of these forums who reside in the province that suggested we contact RMS, which we have done and following discussions today with the powers that be on RMS are pleased to advise the launch of a pilot Insurance scheme for RMS members.

    Until now our rates had purely been available to mainland residents, but through continued lobbying followed by an extensive period of due diligence we are now able to extend our specialist vehicle Insurance schemes to cover Northern Ireland.

    Any RMS members covered by Greenlight will be tracked together in order that we can gather data that will allow us to refine the RMS scheme as we go. This will mean that your rates and benefits will be RMS member specific and driven by the claims received vs premium received, so as collective members you will have a direct influence upon the premiums paid.

    Most of our pilot schemes include a marketing concession to recognise that enthusiasts represent better risks through the far greater care & love shown to their car compared to everyday motorists. This concession is to encourage members and has now been set as a 10.0% discount (7.5% + 2.5%) from our standard rates for RMS members.

    We will take on board the comments of RMS members that contact us for a quotation or take out policies with us during this time, with your feedback being used to improve both our infrastructure and that of your scheme.

    Traditionally Northern Ireland has been a restricted market, with limited competition. Even more so for modified/high performance vehicle owners.

    The entrance of every new Insurance provider will have a positive effect for the Northern Irish consumer and we will do our uppermost to assist you with the handling of your Insurance requirement.

    What are greenlight able to offer?

    1. We have been established as a specialist vehicle Insurance provider in 1996 and possess a good level of technical knowledge in respect of performance, modified, custom & kit built vehicles.

    2. We offer Competitive premiums with a further 10.0% scheme discount for RMS forum members.

    3. Unlike most Insurers we understand the mentality and like to cover modified vehicle drivers, our view is very much that if you are spending money to improve your vehicle it demonstrates that you keep your vehicle in good order and clearly care for your vehicle.

    4. You CAN disclose all modifications and we can accommodate anything up to and including full roll cages and nitrous oxide.

    5. Our underwriters offer ‘like for like’ replacement of modified parts for repairable instances and where possible, or an equivalent substitute part will be offered.

    6. Agreed value is available as an option to owners of heavily modified vehicles.

    7. Track cover is available as a per event option for customers that are covered with us.

    8. Protected bonus is available as an option for drivers aged 22 or over with 5 or more years NCB in their own name.

    We are Performance vehicle specialists and as such look to cover performance models, as with modified vehicles we like the element of pride and care that goes with a performance vehicle – our premiums will reflect this.

    Basic acceptance criteria

    Due to our only covering performance or modified vehicles, the underwriters require all drivers to:

    1) Be aged 21 or over

    2) Have held a full UK license for at least 3 Years

    3) Have 2 or more years actual no claims bonus (NCB) in their own name, or 1 year NCB if earned upon the vehicle that you are looking to cover.

    At this stage of the pilot we will look to exclude all Ferrari, Porsche, Lamborghini, Lotus models, Japanese import models, Nissan 200sx models, specifically the Renault Clio 172 Cup (non-abs) model, BMW E36 M3, Lancer Evo models, Pre-2009 Octavia/Fabia Vrs models, Honda S2000 model, Sierra RS500.

    All other performance/modified vehicles that have been first registered in UK (inc. UK Subaru Impreza, Honda Civic Type R, Golf Gti Mk1-5, Vauxhall VXR, Clio V6, 172, 182 models, Ford Escort Rs Turbo/Cosworth, Sierra Cosworth, Fiesta RS models, Focus RS, ST170, ST, Fiesta ST) will be acceptable.

    To obtain a free quotation, you can either click this link & log onto www.greenlightinsurance.co.uk or call us on 01277 376000.

    We look forward to hearing from you!

    Kind regards

    Tony Fehily
    Senior Partner
    Greenlight Insurance
  2. Jonny RMS Regular

    Offline
    Member Since:
    Sep 2, 2004
    Location:
    ahoghill / work
    Drives:
    BMW E46 M3
    bugger saw this a week late just renewed with admiral

    but it's certainly good to see a big mainland group coming over here
  3. Cooper Site Manager

    Offline
    Member Since:
    Nov 8, 2001
    Location:
    Belfast
    Drives:
    RMS14
    Folks - certainly give these guys a try and see how they compare quotes wise.

    Andy
  4. Tony@Greenlight RMS Trader

    Offline
    Member Since:
    Nov 23, 2006
    Location:
    Brentwood, Essex
    Drives:
    Audi TT
    I had posted this thread within the car chat area of the forum & then saw the legal area of the forum where it should be.

    Many thanks for moving the thread to the correct position and re-positioning as a sticky.
  5. jonny_w RMS Regular

    Offline
    Member Since:
    Oct 9, 2002
    Drives:
    Civic Type R
    just sent of for a quote

    edit got it back there v quick, very good quote will be getting my custom very soon.
  6. brendy RMS Regular

    Offline
    Member Since:
    Sep 9, 2002
    Location:
    bayyngorr.
    Drives:
    Impreza WRX and X5 4.6iS V8
    greenlight are on seatcupranet also and my quote from them was £200 less than my usually competitive open abnd direct, pity they couldnt cover me business, will be giving them shout in june though.
  7. six_impressive_hours RMS Regular

    Offline
    Member Since:
    Jul 2, 2004
    Location:
    Be-Fast ;)
    Shame about the jap import exclusion :(

    jamesy
  8. rosssei RMS Regular

    Offline
    Member Since:
    Jan 11, 2006
    Location:
    Bangor
    Drives:
    bicycle
    also shame about having to be 21 :(
  9. Tony@Greenlight RMS Trader

    Offline
    Member Since:
    Nov 23, 2006
    Location:
    Brentwood, Essex
    Drives:
    Audi TT

    Hi Brendy,

    We've been dealing with forums like seatcupranet for years now and you can get a genuine view of how we perform and treat our customers from independent forum members.

    We're keen to expand our new scheme within the province and were recommended to RMS as a useful way of reaching our target market.

    Kind regards

    Tony
  10. Tony@Greenlight RMS Trader

    Offline
    Member Since:
    Nov 23, 2006
    Location:
    Brentwood, Essex
    Drives:
    Audi TT

    Sorry Jamesy,

    We may be able to help once the RMS scheme has build up more of a track record.

    But for the moment, the Underwriters are playing it safe.

    Kind regards

    Tony
  11. Tony@Greenlight RMS Trader

    Offline
    Member Since:
    Nov 23, 2006
    Location:
    Brentwood, Essex
    Drives:
    Audi TT
    Hi Rossei,

    We havent written drivers under 21 for some 8 years now, the claim frequency & increase in the amount of personal injury claims presented along with the extent of the awards given has led to our Underwriters refraining from covering 17-20 year olds..

    Sorry..
  12. andy_gdon RMS Regular

    Offline
    Member Since:
    Dec 4, 2001
    Location:
    Jordanstown
    Drives:
    Focus RS MK2
    I have an Evo 7 Fq300, and i couldnt get a quote, due to it being a performance motor!!
  13. michelinman RMS Regular

    Offline
    Member Since:
    Apr 2, 2006
    Location:
    Belfast
    Drives:
    WRX300/924
    Do you provide rally car insurance? Its for a Nova that I plan to use for road rallies primarily but also for track days etc. Being used for a road rally means it will be fully road legal, mot'd and taxed, but it will also be prepared to FIA approved standards. It will be therefore heavily modified from standard, but will eventually be RAC logbooked. I know that there are others who provide rally car insurance just while the car is being used on the public road to get between events. I understand that insurance during the competitive event will be seperate.

    Thanks.
  14. Tony@Greenlight RMS Trader

    Offline
    Member Since:
    Nov 23, 2006
    Location:
    Brentwood, Essex
    Drives:
    Audi TT
    Sorry Andy,

    The EVO was probably excluded due to a recent decline in claims performance.

    They dont seem to be a theft problem, it's just that drivers keep losing control & writing them off, which at £20k per time vs £900-£1100 premium isnt sustainable.

    I'll check for sure, but that was the last directive i'd heard before Christmas.

    From a personal perspective, they are a bloody good car though.

    Kind regards

    Tony
  15. andy_gdon RMS Regular

    Offline
    Member Since:
    Dec 4, 2001
    Location:
    Jordanstown
    Drives:
    Focus RS MK2

    My car isnt worth 20k!! lol

    I got insurance through Admiral for 1k - steep enough i thought!!!
  16. 106lad RMS Regular

    Offline
    Member Since:
    Dec 12, 2002
    Location:
    The Pit
    Drives:
    Imola Rot ///M3 GT2 & Giant Expression
    shame its so dear
  17. Tony@Greenlight RMS Trader

    Offline
    Member Since:
    Nov 23, 2006
    Location:
    Brentwood, Essex
    Drives:
    Audi TT
    Hi Michelin,

    For rally vehicles that are used for competition we would recommend that you try a motorsport Insurance Co, someone like www.competition-car-insurance.co.uk

  18. brendy RMS Regular

    Offline
    Member Since:
    Sep 9, 2002
    Location:
    bayyngorr.
    Drives:
    Impreza WRX and X5 4.6iS V8

    HaHa given him time!
  19. BBSBOY RMS Regular

    Offline
    Member Since:
    Aug 26, 2002
    Its a pity they wouldnt even provide me with a quote. Doesnt look like they are doing too well with rms lol
  20. brendy RMS Regular

    Offline
    Member Since:
    Sep 9, 2002
    Location:
    bayyngorr.
    Drives:
    Impreza WRX and X5 4.6iS V8
    squeaky clean history there stevey boy? My quote was brilliant though my record is whiter than the beegees trunks.
  21. sexymanda Banned

    Offline
    Member Since:
    Mar 4, 2003
    Location:
    Four winds
    Drives:
    turbo ctr,Eclipsegst
    Do you cover Turbo conversions, and if the policy holder is 21 do you cover a 20 year ol as named driver?
  22. michelinman RMS Regular

    Offline
    Member Since:
    Apr 2, 2006
    Location:
    Belfast
    Drives:
    WRX300/924
    Good man, cheers for that!
  23. Tony@Greenlight RMS Trader

    Offline
    Member Since:
    Nov 23, 2006
    Location:
    Brentwood, Essex
    Drives:
    Audi TT
    BBS boy

    Having checked your individual case, your record (ie. claims/conv) was the reason that the Underwriter couldnt offer competitive terms. Rate wise due to your age/record the rate would have been £1500+

    OK...

    To spell it out.

    If you meet our criteria mentioned in the thread above we will be extremely competitive & offer excellent cover, which with like-for-like, track & agreed value options differs from most everyday Insurers.

    Our underwriters criteria is fairly tight as this is a new scheme, so we may not be able to accomodate everyone at this stage.

    BUT.. we are allowing a genuine concession & will be able to help at least some of you (namely the ones that fit our criteria).

    Whilst we apologise that we cant help everyone at this stage, surely the more Insurance providers offering cover within the Province the better it is from a customer perspective.

    Kind regards

    Tony
  24. jonny_w RMS Regular

    Offline
    Member Since:
    Oct 9, 2002
    Drives:
    Civic Type R
    with the quote they give me ill be insuring with them next.
  25. svensktoppen RMS Regular

    Offline
    Member Since:
    Sep 4, 2006
    Drives:
    S3, Elise
    Hear hear :) Keep it up, more providers can only be a good thing.

Share This Page