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Author Topic: LEGAL STUFF ... INSURANCE  (Read 1105 times)

w3526602

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LEGAL STUFF ... INSURANCE
« on: September 28, 2020, 06:04:41 AM »

Hi,

The RTA Insurance requirements can be found at ...

https://www.legislation.gov.uk/ukpga/1988/52/part/VI/crossheading/compulsory-insurance-or-security-against-thirdparty-risks

It's not an easy read, so just give it a quick scan. You can find it again by Googling ... RTA INSURANCE.

It seems to have been changed a bit since I last read it.

There is a short reference to "Vehicles being taken to a place to be scrapped" I couldn't be naffed to work out what it meant, but wondered if such vehicles are exempt from requiring insurance. I'll save that for another day.

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stuart

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Re: LEGAL STUFF ... INSURANCE
« Reply #1 on: September 28, 2020, 08:55:19 AM »

intresting read
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w3526602

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Re: LEGAL STUFF ... INSURANCE
« Reply #2 on: September 30, 2020, 08:56:46 AM »

Hi Stuart,

When I started driving, you could "insure yourself" by depositing £10,000 with the Attorney General. Last time I looked in the RTAs, it was £1,000,000.

Barbara was side swiped on the M4, by a super-market semi-trailer. They ignored all correspondence. We found out later that they insured  themselves. Presumably, a million quid for all their trucks works out cheaper ... and you still have the million  until somebody make a claim. Be prepared to play hard-ball.

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Gibbo103

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Re: LEGAL STUFF ... INSURANCE
« Reply #3 on: September 30, 2020, 11:12:56 AM »

My son works as a driver for one of the major supermarkets who are self insured. They seem to pay out very readily!
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