Hello all, long time no speak :o)
I'm not sure if this has come up before, but I have renewed my car insurance that expires at 23.59 tomorrow...yet the next policy doesn't start until 00.01 on Sunday. Presumably the only way to cover those 2 uninsured minutes would be to start the next policy a day early? This would mean each year's insurance renewal would creep forward by a day.
The insurer starts all policies at the same time. I don't think all insurers do, but I'd pretty much lost the will to live after trawling for quotes, so didn't pursue it.
Has anyone come across this before, and more importantly is there some shocking statistic I should be made aware of regarding losses related to vehicles uninsured for 2 minutes...?
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It's actually only 1 minute as it will still be 23:59 until 1 second before midnight.
Don't know the answer though!
Andyfr
Edited by andyfr on 22/08/2008 at 12:52
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It's actually only 1 minute as it will still be 23:59 until 1 second before midnight.>>
According to my calculation/maths, that still leaves one second left until midnight i.e. 23:59:59...:-)
The following day immediately commences at 00:00:00.
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From my military days there is no such time as 0000hrs, its either 2359 0r 0001.
This means expiry at 2359, commencement at 0000 is a continuation.
Perhaps A.S.will confirm.
dvd
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>>From my military days there is no such time as 0000hrs, its either 2359 0r 0001.
Yes there is, it's called midnight or 00:00 & 24:00 - the former used if starting a day, the latter used if ending a day.
The clock would go: 23:59:59 ( 00:00:00 or 24:00:00) 00:00:01
I imagine the insurance policy actually ends @ 24:00:00 & the new one starts @ 00:00:00 - so don't worry you're 'doubly' covered.
Edited by woodbines on 22/08/2008 at 13:52
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Good morning my learned friend DVD! I am 99% sure that there is no military time of 00.00 hours but I can't truly recall. However, as a great believer in the power of s*d's Law I would be confident that if there WAS/IS a 2 second gap in anyone's insurance cover that is the time when an 8 ton peice of space debris will land on one's car and the insurers will start wriggling!
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..... if there WAS/IS a 2 second gap in anyone's insurance cover that is the time when an 8 ton peice of space debris will land on one's car and the insurers will start wriggling!
In theory it would be possible to put an exact time on when the impact takes place, but the resultant damage takes a finite time period to occur. Some damage will not occur until a later time than the time of impact. That needs to be considered.
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I guess this is to prevent confusion of the exact date. After all, Sunday at 23:59 is very specific. Sunday at 24:00 is subject to a degree of confusion as to whether it is early Sunday morning or late Sunday night.
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2400 is clearly late at night. 0000 is clearly morning. (Possibly clear, definitely dark between arctic and antarctic circles)
Hours elapsed in the day!
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Surely there is a 1 minute black hole?
Expires at 23:59:59 , commences at 00:01:00 what about 00:00:00 to 00:00:59?
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When someone makes a claim I don't suppose they time the incident to that degree of accuracy, and the insurer can only go on what the insured says was the time of the incident. Anyone who times the incident as being during the missing minutes must be one clause short of an insurance policy!
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"If you can fill the unforgiving minute with sixty seconds' worth of damage done ....."
With apologies to R. Kipling
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Good point - I hadn't thought about the pesky seconds!
My current certificate states it expires at 23.59, and the chap on the phone told me that cover would start at 00.01, so pretty precise!
The car will be parked on the drive for the fateful black hole space time continuum thingy...let's just hope lightning doesn't strike then. Perhaps to cover that possibility I should change the (time) clock on the car...but which way?!
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As an experiment try checking on the MID database during that minute and see whether the car appears or not.
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As an experiment try checking on the MID database during that minute and see whether the car appears or not.
...While outside; some little scroat is nicking it in the fateful moments - faithfully recorded, but not identified by, time-stamped CCTV.
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I'd make sure you had two clocks in your house, with a couple of minutes difference between them.
Just in case...
Peanut.
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This thread reminds me of a thought I had a while back.
If, by mistake you bought a new policy to start 24 hours before the completion of the old one, and then drove your car into a tree and claimed on both, what safeguards do insurers have against this happening?
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You cannot claim for the same incident on separate insurance policies.
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You cannot claim for the same incident on separate insurance policies.
You most certainly can.
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>>You most certainly can.>>
I don't mean someone else's insurance as well as your own - I mean someone who has two (or more) personal policies for the same vehicles, property, house contents etc.
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>> You cannot claim for the same incident on separate insurance policies. >> You most certainly can.
This is what Nationwide says regarding home insurance.
"Always check to see if you are covered elsewhere
There's no point in having duplicate cover, because you are unlikely to be able to make the same claim twice, even if you've been paying for two policies."
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>> You cannot claim for the same incident on separate insurance policies.
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You most certainly can.
But you probably can't benefit (over & above the losses incurred) from doing so. If the simple & obvious principle of insurance is to protect against loss, (from whatever cause the policy may cover) if one policy covers that loss, claiming on another for that same loss surely amounts to obtaining (or trying to obtain) money by deception? That is, that 'loss' no longer exists.
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But you probably can't benefit (over & above the losses incurred) from doing so.
Exactly - the two companies would share the risk.
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Exactly - the two companies would share the risk.
Most, if not all, Policies will have a clause similar to this:
"We will not cover you, if at the time of loss damage or liability arising under this insurance there is any other insurance covering the same loss, damage or liability. We will only pay our share.
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I realise that that is their policy, but the question was what safeguards do they have against it -- in other words, how would they find out?
They don't seem to have details of others' policies when it comes to renewal.
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what safeguards do they have against it -- in other words how would they find out?
Insrance companies say they do share claims information.
If the car's written off then the insurance take ownership of the vehicle, including the V5 and the keys. If it's being repaired then that can only be done once - maybe you could collude with the repairer so he gets paid twice, but if caught you'd both end up in prison.
I guess it would be entirely possible to make. say. a home contents theft claim, on 2 policies but even they tend to replace items now rather than hand over cash.
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