This would have been following a request to your Underwriter/Insurer who would have provided their company stance.


I'd be intrigued as to the "ludicous price" offered and would welcome the opportunity to check your record to investigate.


Boncaster Insurance are a the direct broking arm of Equity Red Star, who were subject to a take over by the Australasian owners of Hastings Insurance within the last 2 weeks.

Traditionally, Boncaster have administered the RS Owners club scheme following on from Bryan Kesyk & Partners. The RSOC scheme business is placed via Equity Red Star Insurance on what appears to be a classic/custom limited mileage basis.

As you know, Greenlight are not advocates for "working the system" by using classic or traders policies as a cheap way of covering heavily modified vehicles. In the long term, this kind of situation will only end in tears when the scheme loses money.

Classic car schemes are designed for low exposure cherished MGB type risks & if withdrawn through unprofitability due to abuse by covering heavily modified/high performance vehicles often for drivers without NCB, the policyholder is left without NCB due to flat (non-bonus) rating.

Whilst cheap in the short term, the policyholder runs the risk of their NCB earned prior to the policy expiring & having to start from zero NCB once the loophole is closed.


I'd like to add that we are an agent of Equity and having contacted them in the past, can confirm that their advice to us was that they do not offer cover for the ring.

In addition, they advised that their classic/custom policies are often flat rated and do not always accrue or require NCB.

Perhaps you would be so kind as to PM me your details to afford me the opportunity to respond upon the "ludicrous price" issue then contact them for their current position.

I look forward to hearing from you.

Kind regards

Tony