The car of the day today is the wonderful Lotus Elan + 2.
Mr B has a fantastic policy with agreed value, choice of repairer and also salvage retention through ourselves here at AIB.
The Elan +2 was introduced in 1967 with a longer wheelbase and 2 rear seats. 5,200 Elan +2were made. The Elan +2 ceased production in 1975. Because of its successful design and rigorous attention to cost control on the body, chassis, engine and transmission, the Elan went on to become Lotus’ first commercial success, reviving a company stretched thin by the more exotic and expensive to build Lotus Elite enabling funding of the Lotus success in racing over the next ten years.
Thank you for sending these lovely photos Mr B!
We specialise in classic car insurance so remember to call us on 02380 268351 for all your classic car needs.
Lotus is launching a new Certificate of Provenance programme, revealing the first recipient as a stunning and celebrated Turbo Esprit that was the final ‘company car’ of Lotus founder Colin Chapman.
Vehicle provenance documents and highly desirable Lotus collectables now available to Lotus owners worldwide
First recipient is a stunning 1981 Turbo Esprit, authenticated as Lotus founder Colin Chapman’s last ‘company car’
UK Prime Minister Margaret Thatcher also drove it, further increasing its provenance
Recently acquired by Lotus, the Esprit will be restored and join the company’s collection
The 1981 model, which wasalso driven by UK Prime Minister Margaret Thatcher during a visit to Norfolk, has recently been acquired by Lotus. Following a sympathetic restoration it will join the company’s collection.
The new Certificate of Provenance is designed to appeal to owners of Lotus cars from any era. They could buy one for themselves or receive it as a gift from friends or family. It is delivered in a distinctive ‘For The Drivers’ Lotus presentation box, which contains:
The Certificate of Provenance – printed on premium paper, this provides a summary of the car’s details including the VIN, paint colour and specification. The certificate also notes the date on which the car completed its production at the Hethel factory and was passed to the Lotus sales team.
The Build Specification Letter – drafted using detailed vehicle information from the Lotus archive*, this document provides more in-depth information about the car, including its engine, transmission, standard features and optional extras.
A personalised letter to the customer signed by Phil Popham, CEO, Lotus Cars, thanking them for their purchase and updating them on the transformation which is taking place at Lotus.
The three documents are presented in a simple black envelope placed inside the presentation box. Beneath it is a selection of Lotus collectables, including an aluminium plaque engraved with the owner’s name and information from the Certificate of Provenance; a leather Lotus keyring; a carbon fibre bookmark featuring the brand’s nine most significant motorsport laurels; a presentation tin of four badges; and a Lotus ink pen.
The Certificate of Provenance is available worldwide through Lotus retailers. In the UK it costs £170 + postage. Prices in other markets may vary.
The 1981 Lotus Turbo Esprit has the UK registration plate UVF 464X and was first registered to Lotus on 1 August of that year. Its own Lotus Certificate of Provenance reveals it was allocated to company founder Colin Chapman for his exclusive use. Following Chapman’s death in December 1982, it was sold by Lotus in July 1983 and has been in private hands ever since, covering just 11,000 miles and regularly maintained.
Finished in metallic Silver Diamond paint with ‘Turbo Esprit’ decals, the factory-fitted optional extras include a full red leather interior, air-conditioning and a Panasonic audio system integrated into the headliner.
However, the specification is completely unique as it has several features added at the request of Chapman to improve his own driving comfort and enjoyment. These include power steering – it was the first Esprit ever to have this technology – plus modified and lowered suspension, modified brakes and BBS Mahle lattice alloy wheels.
On 5 August 1981 the car was used by Chapman to promote the latest Lotus range to the then UK Prime Minister, Margaret Thatcher, when she toured Norfolk. After landing at Norwich Airport and talking to Chapman, she sat behind the wheel and drove it round the site’s private roads. Local media reported that she had said: “I was tempted to drive away in it.”
Phil Popham, CEO, Lotus Cars, commented: “What better way to launch our Certificate of Provenance than by showing how it has validated the celebrated history of an iconic and unique Turbo Esprit. The Lotus archive is a fully catalogued database of information and can provide a wealth of insightful facts on any Lotus car from any era. It’s the perfect gift for a Lotus owner anywhere in the world.”
Speaking about the unique Turbo Esprit, he added: “This is an iconic and unique car from the Lotus back catalogue, personalised by our founder Colin Chapman and with a truly fascinating provenance. It deserves its place in our collection and we’re looking forward to showing it off.”
We are pleased to announce that we have added the Azur Group to our closely vetted panel of insurers. The company specialises in providing high net worth clients with home and motor insurance through an arrangement with AIG that used to be shirt sponsors of Manchester United FC.
Azur has a reputation for providing bespoke insurance products for the discerning client to ensure that their high value home, contents and personal belongings are covered in the event of the likes of a fire, theft or accidental damage and that their executive motor vehicle is insured for the same risks
Azur’s home insurance provides numerous benefits including clients having peace of mind in knowing that their residential properties have comprehensive cover with contents being insured for up to an impressive 50% of the amount that the building is covered for. Their all risks cover is renowned for being one of the best in the insurance industry.
Any newly purchased items are covered immediately with a period of 90 days being allowed to add something to the home insurance policy. It is pleasing to read that wherever a client takes their contents around the world they will be covered. Another interesting benefit is that even if the cost of rebuilding or repairing a property is more than the amount insured it will still be covered. The cost of providing alternative accommodation is met for up to 3 years. With the ever-increasing threat of cyber attack such cover for up to £100,000 is provided.
Azur has a reputation for insuring the likes of luxury and high performance cars providing comprehensive cover. An interesting benefit is that if a vehicle is stolen or damaged beyond repair and is less than 3 years of age it will be replaced with a new one of the identical make and model. If a client or their spouse drives another car that they or a family member does not own that is not mentioned in the schedule of the policy he or she will be insured on a fully comprehensive basis.
For the duration of a claim for repair damage, the cost of providing the insured with a hire car of a similar value to the one that is being repaired will be met. A client can choose anyone to repair their vehicle with manufacturer’s original parts being used wherever possible. Car rental cover is provided for up to 90 days.
Our clients will be pleased to read that Azur are renowned for providing a quality service in all their departments from producing the tailor-made quotation, setting up the home or motor insurance policy and processing any claims.
Here at AIB Insurance, we look forward to working closely with Azur for the benefit of our high net worth clients wishing to arrange quality cover for their residential properties and/or motor vehicles.
When you apply for a quote for car insurance, whether it is direct with the insurance company, through a broker like ourselves or via a price comparison website, you will be asked a number of questions to assess the risk you present to the insurer of making a future claim and to provide you with a quotation for the cover you require. These questions include things like your age, marital status, where you live, make and model of car, where the car will be parked overnight, how many miles a year you drive, what you will use the vehicle for, whether you have any driving convictions or claims and your employment status.
MoneySuperMarket.com has done some research into the impact employment status may have on how much you will be quoted for your motor insurance that makes for interesting reading so we thought we would share with you some of the results that is based upon data in January 2018. It just shows how important it is that you provide accurate information in this respect as far as how much you will be quoted for your cover.
If you are a housewife then the average premium was £563.04 per annum. However, if you mistakenly stated on the quotation request form that you were unemployed then you can expect to pay, on average, an extra £146.39 per annum. That is an increase of 26%.
If you are a student then the average premium was £1,327.87 per annum. However, if you stated by mistake that you were a mature student living at home then you can expect to pay, on average, an extra £92.95 per annum. That is an increase of 7%.
If you are retired then the average premium was £265.66 per annum. However, if you made an error and stated that you were unemployed then you can expect to pay, on average, an extra £98.29 per annum for your cover. That is an increase of 37%.
If you are a student then, as stated above, the average premium was £1,327.87 per annum. However, if you stated incorrectly that you were unemployed then you can expect to pay, on average, an extra £677.21 per annum. That is an extra 51% which we are sure you will agree is a huge difference.
As you can see, as stated earlier, it is vital that accurate information is provided when applying for a quotation for car insurance or indeed any form of insurance as deliberately providing false details has a number of potential implications including the insurance company refusing to pay out in the event of a claim.
If you require a quote, perhaps because your existing policy is shortly coming up for renewal or if you are a young motorist looking for cover to insure your first car, then why not get in touch with us here at AIB Insurance on 02380 268 351 and speak with an experienced member of our team who will discuss your requirements and obtain one or more competitive quotations for your perusal and consideration without any obligation. We look forward to hearing from you.
Motorists will be pleased to read that premiums for fully comprehensive car insurance have, on average, fallen in the second quarter of 2018 when compared to the same period last year.
According to the Confused.com Car Insurance Price Index that is produced on a quarterly basis the average amount paid for the above level of cover in Q2 of 2018 was £752 per annum. Twelve months ago, the premium was £847 per annum so there has been a drop of £95 with this equating to a fall of 11.2%. That is a significant reduction.
It is interesting to read in the above report that those motorists who merely renewed their car insurance with the same insurance company ended up paying, on average, an extra £49 per annum for their cover when looking at data covering the second quarter of this year. This just goes to show how important it is that motorists should shop around when he or she receives their renewal quotation from their existing insurer to try to get a better price elsewhere for the same level of cover.
As you are probably aware, it tends to be the young, inexperienced driver who pays more for their car insurance than others and that is not surprising. However, it is interesting that the above report reveals 17 year olds have, on average benefitted from quite a drop in the cost of insuring their cars when comparing Q2 of 2018 with Q2 of 2017. They have seen premiums fall by an average of £403 per annum to an average of £1,889 per annum. This is even lower than that being paid by 18 and 19 year olds with the former paying an average of £2,052 per annum and the later an average of £1,893 per annum. A reason for the drop could be due to an increase seen in the number of insurance companies offering telematics (black box) car insurance.
Those premiums are significantly higher than the average paid by older motorists for comprehensive cover: –
34 year old – £664 per annum
51 year old – £647 per annum
68 year old – £496 per annum
On a regional basis, Northern Ireland has seen the biggest fall in premiums with premiums dropping on average from £1,059 per annum to £894 per annum between both quarters. That is a fall of £165 per annum equating to 16%.
On a more local basis, motorists living in Inner London saw their premiums reduce by an average of £179 per annum. That may be good news for many but they are still paying more than an average of £1,000 per annum for their cover with this being the only place in the UK that this is happening.
We are sure motorists would agree that it would be lovely to see the cost of insuring their cars continue to fall.
If your cover is coming up for renewal then why not contact us here at AIB Insurance on 02380 268 351 and we will be pleased to discuss your requirements and obtain a free, competitive quotation from our extensive panel of insurers without any obligation.
As a motorist, you will hopefully be aware that the tyres on your car plus the spare wheel must have a tread depth of at least 1.6 mm to make sure that they are legal. However, the recommended minimum tread depth on a tyre is considerably more at 3 mm.
Research shows that the stopping distance increases significantly when comparing a car that only has a tyre tread depth of 1.6 mm than if the tyres had a tread depth of 3 mm.
According to a Road Safety Factsheet published in October 2017 by The Royal Society for the Prevention of Accidents. Back in 2016, there were 120 serious injuries and 8 deaths due to road traffic accidents believed to have resulted from either under-inflated, defective or illegal tyres.
Well, you may find it of interest to read that some research has been conducted on behalf of the price comparison website Confused.com relating to tyre tread depths between the 27th March 2018 and the 29th March 2018 and the information revealed will no doubt concern you.
The research was undertaken in 10 cities in the UK with 100 vehicles being spot checked in each city making a total of 1,000 vehicles. The cities in which this research was carried out were Birmingham, Brighton, Bristol, Cardiff, Edinburgh, Ipswich, Leeds, London, Manchester and Newcastle.
Of those vehicles inspected, 20.9%, over a fifth, were found to have a minimum of one tyre that had a tread depth of under 3 mm. Even more worrying was that 3% of vehicles checked were found to have at least one tyre with a tread depth of below 1.6 mm.
Edinburgh had the highest number of vehicles that had a minimum of one tyre with a tread depth of less than 3 mm – 27%. Manchester was in second place at 26%. Birmingham was in third place at 23%. Brighton and Newcastle were in joint fourth place at 21%. Bristol was in 6th place on 20%. Ipswich was in 7th place on 20%, Cardiff and Ipswich were in joint 8th spot on 19%. In 9th place was Leeds on 17% and in 10th spot was London on 16%.
In joint first place for having at least one tyre with a tread depth of less than 1.6 mm were Ipswich and Newcastle on 5%. In joint third place were Edinburg, Leeds, Manchester and Brighton with 4%. In joint seventh spot were Bristol and London on 3%. In ninth place was Cardiff on 2% and in tenth spot was Birmingham with 0%.
You may or may not be aware that there are severe penalties for being caught with a tyre that has a tread depth of below the legal limit of 1.6 mm. You could receive three penalty points on your driving license plus a fine of up to £2,500 for every illegal tyre. This in turn could lead to an increase in your car insurance premiums. So, you may wish to have the tread depth on all your tyres checked to make sure that they are satisfactory.
If you are doing a bit of digging in your back garden you expect to come across a few small stones, maybe some pieces of glass or perhaps a broken brick or two left by the builders. However, what you do not anticipate coming across are parts of a classic car believed to date back several decades.
Well that is exactly what a couple of people over in Guernsey discovered whilst shoveling soil, rubble and rocks in a back garden A gentleman by the name of Brian Russell and his daughter called Tracy Ward must have been somewhat surprised to unearth various parts of a classic car – a Daimler no less.
Pieces of metal came to light including a bumper for the front of a car, a chassis and window frames as well as a variety of other car parts. In fact, Mr Russell believes that there are other parts of the Daimler that remain buried beneath the ground.
It is possible that the classic vehicle may date from the 1940s to 1950s so it is quite an age. It certainly begs the question as to why someone would bury such parts under a rockery. Who knows what the vehicle’s history is. Do the car parts have any monetary value? Perhaps there is someone in the locality who can shed some light on how it came to be there?
It will be interesting if anyone expresses a wish to take possession of the parts. Will it be possible to re-build the vehicle using the car parts that have been and are yet to be discovered? Presumably, many of the metal parts will have deteriorated over the years due to the conditions they have found themselves in possibly for a number of years. It has to be said that this is a little different to a barn find that tends to happen more frequently than the discovery of a car underground.
AIB Launch Classic Car Offering
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