Hi,
It's very frustrating knowing you're being taken for a ride...and
believe me I do! The scheme you describe is very cheap, on my recent
quotes I could move to Sweden - get Triumph Club of Sweden insurance - and
save money :-)
Surely setting up this kind of scheme would be a full time job,
requiring profits to pay for the person who runs it?
Cheers
Doug
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From: Odd Hedberg [SMTP:odd@triumphclub.se]
Sent: Wednesday, August 27, 1997 9:18 AM
To: Doug Bridgens; guyotleonf@aol.com; iani@mail.tcp.co.uk
Cc: triumphs@autox.team.net
Subject: Club Insurance Premiums...
Ian, Leon, Doug, Friends
I think You're all being taken for a ride... Someone is profiting
heavily on Your premiums. You are talking Insurance Fee per annum
in the GBP 150-GBP 450 range. (That's around USD 240-USD 725 for
our friends across the Atlantic.) Including the Insurance schemes
administred via the Clubs to their members, I take it?
In the Triumph Club of Sweden we've got several insurance schemes
going for our members through the Club, as firm belivers in competi-
tion and market economy philosophies...
[And of course my personal comment; In a truly federalistic Europe
You would also be in the position to benefit from our Insurance
Schemes! ;-) Could be an input in Your British Half in/Half out
wiev on the EU, and the Monetary Union...]
The one scheme I am responsible for, offers Unlimited mileage etc. at
an annual premium of SEK 278-SEK 418 (That's GBP 22-33 / USD 35-53.)
depending on the age of the car. [Up to and including 1950: SEK 278,
1951-1964: SEK 358, 1965-1977: SEK 418. For the very few Triumphs in
Sweden manufactured after 1977 I could get a fee quoted at SEK 1182,
but they are so few it haven't happened so far...]
This insurance scheme is a programme launched in the early seventies
by the Federation of Swedish Vehicle Clubs (with some 65000 members
in 123 different Clubs).
The philosophy was simple enough; Why let a "for profit" -organisation
take a (BIG?) bite in the premiums we, the owners, pay for protection
in the occurence of an accident? The philosophy has worked great, AND
enabled a healthy competition among the ordinary insurance companies
also. So they are now offering insurance for classic cars in the same
region...
So my conclusion is; Don't let the Insurance Companies handle Your
Classic Car insurance/Classic Car Insurance Schemes. Do it Yourselves
on a non profit scheme! It sure pays to do so. And it's healthy for
the competition in this rather small market segment.
Yours
/Odd
--
Odd Hedberg
Pomonagatan 4
S-74236 Osthammar International liaison secretary,
Sweden Triumph Club of Sweden
'70 Spitfire Mk3 FD82497LO Signal Red
E-mail: odd@triumphclub.se / odd.hedberg@bigfoot.com
Club URL: http://www2.passagen.se/triumph/
Home Telephone: Int+ 46-1731 7131
Geographical Position: N 60deg15min E 18deg23min
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