BPay'd my insurance today - am I covered?

[Peter...]

What both those guys said.

[Sicarius123]

Bah I'd just woken up, I read it that you went with Shanons because Just Cars were cunts.

[Peter...]

And your first thought was "bah fuck it I'm half asleep I'm gonna tell everyone how stupid they are!"

See, I woulda had some breakfast first, maybe a coffee as well.

[dog poo]

Ring them prior to the renewal due date to arrange an extension to ensure coverage.

What Southo said. With us we can see the actual date the payment was made on the clients side with our receipt information. Usually we require some disclosure of no claim or damage before accepting the payment after the period of insurance expires.

Hope the cars going well!

[walkie]

...although the bank did process the payment straight away

where I used to work they would remove the funds from the account so that you can't fuck up and go and spend them, they wouldn't actually send the payment immediately. I think it was 4pm business days that the payments went, and then it would be at least 1 business day for it to hit the other end.

CC is a much better payment method in this situation

[Peter...]

Yeah like I said - I would've paid it CC over the phone, but the fuckers aren't there on the weekend.

dog poo, car's going great, its got some AR1M brake pads in it now and a new head unit, and I've got another couple of trackdays/sprints/etc in mind.

[Southo]

Check on the policy renewal notice to see if there are any "conditions" on late payments etc, (ie, Must be paid BEFORE dute date if paying by BPAy / PostBill pay etc etc)

[ChrisS]

You should have a 21 day "grace period" on your policy because your renewal act's as a cover note.
Unless you are with one of those cheap dodgy insurers that are underwritten by a O/S company.

Also most insurers will recognize your premium as paid from the moment you have sent the payment through Bpay, mail or back deposit as long as you can show proof. (this would only be requested if you lodge a claim)

Have a look at the PDS for your current insurer (booklet or online) to see if they have the 21 day "grace period".

[Southo]

You should have a 21 day "grace period" on your policy because your renewal act's as a cover note.

Peter,
Please don't beleive everything you read on the internet..

[ChrisS]

Peter,
Please don't beleive everything you read on the internet..

Well it does where I work


Like I said to him before,

Have a look at the PDS for your current insurer (booklet or online) to see if they have the 21 day "grace period".

That was in the rest of my post BTW.

[Southo]

My points were.....

a "RENEWAL" is not a "COVER NOTE"
you say "YOU SHOULD HAVE" where he probably does not...

I get what you are trying to say, but as you can understand, making a broad statement like that can be misleading and give someone a false / incorrect sence of security - Obviously you work for an insurer, and have done your FSRA training, so you can appreciate that giving advice can be dangerous, especially when written as it was above..... - not all companies operate the same... You should always state that first if you are quoting from what your company does.

As you can understand, if someone who is not bound by the ICA or FSRA etc makes a comment - then who gives an airbourne fornication. But if someone who is trained then gives misleading information - it creates a whole world of shit if they take your "advice" as the truth... Just saying - be careful how you word things so they are not taken the wrong way.. We have a bad enough name as it is in this industry, don't make it harder

[Peter...]

My points were.....

a "RENEWAL" is not a "COVER NOTE"
you say "YOU SHOULD HAVE" where he probably does not...

I get what you are trying to say, but as you can understand, making a broad statement like that can be misleading and give someone a false / incorrect sence of security - Obviously you work for an insurer, and have done your FSRA training, so you can appreciated that giving advice can be dangerous, especially when written as it was above..... - not all companies operate the same...

Don't worry Southo - wasn't going to risk it. Suspected I'd have to wait till tomorrow to check anyway.

[Southo]

Yep, Call them and ask is always the safest and most accurate option..

[ChrisS]

My points were.....

a "RENEWAL" is not a "COVER NOTE"
you say "YOU SHOULD HAVE" where he probably does not...

I get what you are trying to say, but as you can understand, making a broad statement like that can be misleading and give someone a false / incorrect sence of security - Obviously you work for an insurer, and have done your FSRA training, so you can appreciate that giving advice can be dangerous, especially when written as it was above..... - not all companies operate the same... You should always state that first if you are quoting from what your company does.

As you can understand, if someone who is not bound by the ICA or FSRA etc makes a comment - then who gives an airbourne fornication. But if someone who is trained then gives misleading information - it creates a whole world of shit if they take your "advice" as the truth... Just saying - be careful how you word things so they are not taken the wrong way.. We have a bad enough name as it is in this industry, don't make it harder

Yeah fair point mate.

[Chipper]

If you paid the policy before it actually lapsed off the system, you are fine. It is called intent to pay, you would be covered from the point you got your receipt number. The company does not have to receive the money in order for your policy to be active.