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Gibraltar based Insurance companies. Experiences?
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CGA
 


Member Since: 03 May 2010
Location: Preferably horrizontal
Posts: 273

England 2005 Discovery 3 TDV6 S Manual Java BlackDiscovery 3
Gibraltar based Insurance companies. Experiences?

Having done the usual car insurance run around, Iv'e ended up via a broker with an insurance company based in Gibraltar. I wasn't aware of this fact until I received the paperwork. I have already paid for the policy, but it's not started yet and am obviously within the cooling off period.
I'm not sure what to think about this, and was wondering if anyone on here has any experience of any such based companies, particularly in the event of a claim.
Thanks everyone.
Also posted on RRS forum (I went over to the dark Side Embarassed )
 CGA  
Post #19337705th Apr 2018 4:07 pm
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galwaygreen
 


Member Since: 30 Oct 2011
Location: plymouth
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United Kingdom 2016 Discovery 4 3.0 TDV6 Graphite LE Auto Loire BlueDiscovery 4

think a lot of them are...tax fiddle I guess....ask them straight..
  
Post #19337725th Apr 2018 4:15 pm
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CGA
 


Member Since: 03 May 2010
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England 2005 Discovery 3 TDV6 S Manual Java BlackDiscovery 3

You are no doubt correct, my concern is am I likely to have issues in the event of a claim. I may well give my brokers a bell tomorrow and discuss it with them. Would be nice to have others experiences, especially if negative.
 CGA  
Post #19337785th Apr 2018 4:24 pm
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NJSS
 


Member Since: 06 May 2009
Location: Catherington, Hampshire.
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United Kingdom 2016 Discovery 4 TDV6 Landmark LE Auto Waitomo GreyDiscovery 4

I have no recent experience.

However you might Google Enterprise Insurance Company which went bust a couple of years ago and Setanta Insurance which collapsed a couple of years earlier.

Good luck, and let us know how you get on please.

NJSS
 2016 Discovery 4 Landmark
1973 MG B GT V8 - 3.9L John Eales engine, 5 speed R380 gearbox, since 1975.
1959 MGA roadster - 1.9L Peter Burgess Engine - 5 speed gearbox
Past LRs - Multiple FFRs, Discos & a Series I - some petrol, some diesel, none Electric yet 
 
Post #19337815th Apr 2018 4:26 pm
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galwaygreen
 


Member Since: 30 Oct 2011
Location: plymouth
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United Kingdom 2016 Discovery 4 3.0 TDV6 Graphite LE Auto Loire BlueDiscovery 4

think some our stuff is saga and I think they are gib....but with an office in UK and many different things they cover ,would be surprised if they failed you.
agree its a nightmare with insurance..always surprised who belongs to who,or are part of a larger group.
  
Post #19337825th Apr 2018 4:29 pm
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The Dundonian
 


Member Since: 21 Dec 2015
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Scotland 2012 Discovery 4 3.0 TDV6 HSE Auto Barolo BlackDiscovery 4

I had GAP insurance with a Gib company. It went bust after only a year of benefit out of three. Never got a penny back. Personally, I would avoid.
  
Post #19338115th Apr 2018 6:30 pm
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BBDisco3
 


Member Since: 23 Nov 2008
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United Kingdom 2016 Discovery 4 3.0 SDV6 HSE Lux Auto Indus SilverDiscovery 4

You already have doubts about them.

Personally would give them a wide birth Thumbs Up
  
Post #19338215th Apr 2018 6:55 pm
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maxbasscat
 


Member Since: 03 Jan 2016
Location: Cambridgeshire
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United Kingdom 2005 LR3 4.4 V8 SE Auto Tonga GreenLR3

Some will know I did my time in Gibraltar and actually insured my car when I lived in Gib with a UK broker with a base in Spain as it was cheaper and gave me better protection. Bizarrely trying to insure in Gib whilst living there and with Gib based insurance was more expensive and gave me less protection but that was largely a border thing. It is quite easy to research Gib based companies in Gibraltar Companies House basic same law as UK with some differences.

Gib bases its economy on Betting, Tourism, Insurance, Oil bunkering, International lawyers and accountancy practices and other bits ( Whistle ) there is not much else, there are no natural resources. Personally I would not be worried insuring with a Gib based company but it is your personal choice. I have to assume they met your brief anyway!
 D3 4.4 V8
FFRR TDV8
Defender 300 
 
Post #19338245th Apr 2018 6:59 pm
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CGA
 


Member Since: 03 May 2010
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England 2005 Discovery 3 TDV6 S Manual Java BlackDiscovery 3
update

Just a quick update; in the end I decided to renew with my current UK insurance provider, I'm just too risk adverse in insurance matters to risk it. Peace of mind is worth a few quid to me.
FYI, the broker was A Plan and I have absolutely no criticism of them and will try with them again next year.
Does look like insurance premiums are on the rise again though.
Thanks again for everybody's input.
 CGA  
Post #19342717th Apr 2018 10:45 am
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galwaygreen
 


Member Since: 30 Oct 2011
Location: plymouth
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United Kingdom 2016 Discovery 4 3.0 TDV6 Graphite LE Auto Loire BlueDiscovery 4

Insurance premium tax hasn't help....a sneaky Censored tax.which keeps increasing
  
Post #19342737th Apr 2018 11:11 am
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galwaygreen
 


Member Since: 30 Oct 2011
Location: plymouth
Posts: 4394

United Kingdom 2016 Discovery 4 3.0 TDV6 Graphite LE Auto Loire BlueDiscovery 4

Insurance premium tax hasn't help....a sneaky Censored tax.which keeps increasing
  
Post #19342747th Apr 2018 11:11 am
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CGA
 


Member Since: 03 May 2010
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England 2005 Discovery 3 TDV6 S Manual Java BlackDiscovery 3

This is true,a big "thanks" to Gordon!
I hate to think how much I give to the Chancellor with this; 3 cars, Quad, tractor, 2 (expensive dogs), 2 cats, and 2 horses, oh plus house insurance Big Cry
 CGA  
Post #19342967th Apr 2018 12:42 pm
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KTM Gordo
 


Member Since: 18 Jul 2017
Location: St Neots
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United Kingdom 2016 Discovery 4 3.0 SDV6 Landmark LE Auto Yulong WhiteDiscovery 4

Oi! Leave me out of this!

Financial regulations allow insurance and other financial services companies to sell their products across the EEA, and you have protection from their failure by the home-state compensation scheme - so in the case of a Gib insurance company, this would be the Gibraltar compensation scheme.

As always, you can check that the company is bona fide on the FCA Register.
 Gordon

2016 D4 Landmark
2013 D4 HSE (Gone! Sold within the forum) 
 
Post #19343457th Apr 2018 2:50 pm
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A-Plan Insurance
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Member Since: 30 Oct 2013
Location: United Kingdom
Posts: 254

United Kingdom 

Hello!

Glad you'll try us again next year, as mentioned we only deal with UK offices, the insurer mentioned has a Chelmsford UK office and we only deal with them Smile

Look forward to speaking to you when it comes back around again, and don't forget you can also use us for your Home, Landlords, Bike and Van Thumbs Up

Thanks!
Carlie
 A-Plan Insurance
Call us on 01635 874646 for a quotation Click Here 
 
Post #19348289th Apr 2018 12:22 pm
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CGA
 


Member Since: 03 May 2010
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England 2005 Discovery 3 TDV6 S Manual Java BlackDiscovery 3

Thanks for that, will do.
 CGA  
Post #19350019th Apr 2018 8:35 pm
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