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10 Common Mistakes that Could Void your Car Insurance
12/18/2020

Car insurance is a legal requirement for all motorists in the United Kingdom, and in most other countries Worldwide, but did you know that in the UK alone, around 43,000 claims are denied by motor insurers each year? Here we have listed 10 of the most common mistakes made when taking out an insurance policy to help you avoid invalidating your insurance:

  1. Listing an incorrect main address

The postcode of your main address can impact your motor insurance quote, but as tempting as it may be to use a relative’s postcode to bring down your premium, please avoid doing so as it may render your insurance invalid, particularly if your car gets broken into at your actual address and you try to make a claim! It is also important to remember to report any main address changes to your insurer as soon as possible for the same reason.

Motor insurance companies have their own investigative departments dedicated to making sure the information provided by policy holders is correct, so the likelihood is that an incorrect address will be flagged if you try to make a claim further down the line.

  1. Not disclosing car modifications

Car modifications can affect the cost of your car insurance for two main reasons: if they are deemed to increase the likelihood of a motor collision, or if they will make your car more desirable to car thieves. Not disclosing even minor modifications can leave you at risk of losing out if you end up needing to make a claim.

  1. Declaring a false annual mileage

Your annual mileage is an important factor insurance companies use to quote your premium and as expected, the higher your annual mileage, the higher the cost of the premium. Whilst it can be tempting to disclose a slightly lower mileage to keep the price down, it could end up costing you a lot more in the long run as a claim can be rejected if your vehicle has exceeded the mileage stated on your policy.

  1. Selecting the wrong car usage category

Motor insurance covers three types of car usage, these are social only, business only, and social and commuting. If you select the wrong category, you risk not being covered in the event of an accident. For example, if your policy states that your vehicle is only insured for social purposes, and you then try to make a claim resulting from a collision you were involved in whilst commuting for work, there is a good chance that your insurance company may reject your claim!

  1. “Fronting” the policy with another main driver

If you are deemed a “higher risk” policy holder, for example if you are a newly passed driver or have made claims in the past, it can often be tempting to put a “low risk” driver (such as a parent or partner) as the main driver on your policy, and to list yourself as an additional driver instead. Declaring the main driver as a named driver on your policy is a form of insurance fraud and is often referred to as “fronting”. If your insurance company discovers this, your policy will be cancelled immediately with any claims denied. It can also result in the insurer taking legal action against you and, if found guilty, you could face fines of up to £5,000 and six points on your driving licence.

  1. Driving with unsecured pets

With more than 40% of UK households reporting to own at least one pet, it isn’t unusual to be transporting them in your cars – but did you know that if you have a collision and it is reported you had an unsecured pet in the vehicle your insurance company could refuse to pay out? Having your pets properly secured in your vehicle is now a legal requirement as unsecured pets can cause you to be more at risk of having an accident, as they can distract the driver or physically get in the way preventing you from being able to drive safely.

  1. Selecting an incorrect occupation

The occupation you select when searching for a car insurance quote is another essential element motor insurance companies will consider when determining your risk profile. If you try to make a claim, and your current occupation does not match what is stated on your insurance paperwork, you may find your claim is denied. Therefore, it is also equally as important to inform your insurance company of any new job changes to ensure that you are always fully protected.

  1. Letting someone else drive your vehicle

Whilst most fully comprehensive policies will cover drivers using other people’s vehicles, most of these will only cover them on a third-party basis. This means that if someone else is involved in an accident whilst driving your car or if your vehicle is damaged or stolen whilst in their care, your insurer may not pay out for the damages!

  1. Not informing your insurer of minor accidents

Often if people have a small bump or scrape while driving, only cosmetic damage occurs and when this happens it is common for motorists to fail to report this damage to their insurance providers, as they aren’t planning to make a claim. However, by not informing them of this damage you are likely in breach of your policy, and if you try to claim for any other damages further down the line, if additional damage is found which is inconsistent with the nature of your claim, your entire claim may be refused.

  1. Charging people when car-sharing

Did you know that by charging friends or colleagues for lifts your car insurance company could technically classify you as a “taxi hire service” which could render your insurance invalid? In fact, some policies will specifically exclude cover for car sharing altogether, whether you are profiting from it or not, so it is always worth reading through the small print of your insurance policy paperwork to check beforehand!

In fact, it is important to read the terms and conditions of your policy thoroughly regardless, to ensure that you are always going to be covered in your current circumstances and that you are not going to make any mistakes which could accidentally result in voiding your policy. If you are unsure about any of the terms stated within your agreement, give your insurer’s helpline a call to gain clarification and always make sure to report any changes which could affect your policy, no matter how small or insignificant they may seem.

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Our Logistics Brexit Preparations
21.11.2020

Back in March 2017 the UK government officially gave notice for leaving the European Union by filing a notification under Article 50 of the EU Treaty, but what exactly does that mean for freight transport operations when the Brexit transition period ends on 1st January 2021?

Currently, with just over a month to go, this is still not clear as trade deal negotiations between the UK and the EU remain ongoing, with a no-deal Brexit now looking increasingly possible. Despite the uncertainty around exactly what terms the United Kingdom and the EU will be trading on in the new year, Premier Components are working proactively in the background to ensure that we prepared and ready to continue trading with our EU suppliers and customers once this transition period comes to an end.

To help us prepare, we have established an in-house Brexit taskforce who meet together on a weekly basis, at a minimum, to focus on ensuring that the company will be ready to trade seamlessly with our EU counterparts once the transition is finalised. As part of this work, our IT department have developed an automated system which links to our accounting software to create commercial invoices for both sales and purchase transactions. By systemising customs declaration requirements, and other relevant administration processes, we will help to eliminate the possibility of delays relating to shipping documentation preparation.

In addition to streamlining our administration procedures to improve efficiency, we are also currently in the process of contacting our current customer base to discuss each individual’s desired trade needs going forward, to determine what plans and new measures need to be put in place within our logistics department in particular. Part of these talks include whether customers want to arrange their own goods collections or use Premier’s own transport solutions post-Brexit. Gathering this vital information, in addition to our own preparations, will enable us to source a frictionless customs solution to offer our customers, and to develop a staff training programme which will ensure our workforce are knowledgeable on all new processes and procedures relating to Brexit.

Once the Brexit negotiations are concluded, we will keep our customers and suppliers informed of any internal or external changes which may affect their future shipments, but you can be assured that Premier Components’ priority is to keep our logistics processes and supply chain both efficient and competitive, whatever deal is agreed.

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Our Post-COVID Working Environment
16.10.2020

Billions of people all over the World have had their lives and livelihoods affected by the novel coronavirus. As employers, it is our responsibility to put measures in place at our premises to help protect our staff and to play our part in the fight against the spread of COVID-19.

As a company, we have been fortunate in a sense, as our facilities already had many of the foundations in place making our transition into a post-coronavirus working environment relatively straight-forward. Most of our on-site workforce spend the majority of their time in one of our large open warehouses, which are so spacious and open that social distancing measures were easy to implement, as there is plenty of room to move around without having to come too close to other employees. Our main warehouse doors are also kept open during working hours, due to the volume of activity we have moving stock in and out of the buildings, which also ensures a fresh flow of air is always present. In addition to this, we have also always actively encouraged our warehouse team to wear face masks, to protect them from inhaling dust particles, something which has now become an important part of all our lives to help protect us from inhaling germs.

Around all our buildings we have introduced extra measures, which include social distancing and hygiene importance signage throughout, installing hand sanitising stations and allowing our staff to work from home if appropriate, and in their own private office spaces wherever this has been possible to do so. We have also arranged for all on-site staff to have staggered break and lunch times with a one-in one-out procedure in place in certain communal areas such as kitchen and toilet facilities.

As a business we have also limited the number of visitors we have on site and are opting to host meetings with clients over Skype or phone conferences instead wherever possible. We also regularly reiterate to our workforce that strict hygiene rules and government advised self-isolation rules and health advice must always be followed stringently.

We hope that this short update has allowed for some peace of mind about our pandemic compliancy, and we look forward to welcoming future business opportunities with safety at the forefront of our company values.

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Pointing you in the right direction
02.09.2020

In our July blog, we put a spotlight on ELVPP as the Premier Components smart tool to be use by our partners -  vehicle dismantlers. Of course, there is more positive of facets of having the ELVPP but the important one is that the system quickly identifies the vehicle and displays a list of parts with a value to sell to us


Our database cover over a million products and recently has been added transitions and engine section


The database is growing and also, Premier Components is keep on moving. We are happy to inform you that we are  moving turbo and commercial section from unit 22 to 21 as number of our stock is constantly increasing.


 This is a time to use Premier Components web purchasing tool ELVPP. When you are searching to sell your selected core units. This tool gives you the satisfaction of having both a guaranteed sale and revenue stream.


In the heartbeat you can become our partner. You just need to contact with our ELVPP team via the purchase link on the website or by phone 01789722908 and email at support”elvpp.com  you can of course visit website www.elvpp.com

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We want to say Thank You
30.07.2020

 During this time we want to take opportunity to update you on how we are approaching the new uncertainties associated with changes brought about by the Covid-19 pandemic.

Firstly, we want to thank you, our valued customers and suppliers for being with us during these unusual times. We are truly inspired by your commitment to making a difference in these unprecedented and challenging times.

The Premier Components UK Ltd team have been working hard to come up with  practical tools and techniques to make things work better for our colleagues and most importantly for our customers and suppliers who use our services.

The determination and dedication that has always characterised the Premier Components UK Ltd spirt is fully displayd in a single action that has been taken across the UK and the Europe.

We are proud to announce that  we have successfully moved forward our ELVPP launch data from October 2020 to July 2020.

ELVPP is our web purchasing tool which is ready to be used by our Partner Vehicle Dismantlers from July 2020. This innovating and simple dismantling tool has a database of over 50 000 vehicles and a wide range covering a multitude of unique parts.The database covers over a milion products.

Do not wait to become our partner. You can apply by contacting our ELVPP team via the purchase link on the website  or by phone 01789722908 and email at support@elvpp.com you can of course visit our website www.elvpp.com

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COVID-19 : Announcement for our customers and business partners
04.05.2020

In those difficult times, Premier Components UK Ltd. is committed to health and safety of our families, colleagues, customers and, business partners who make up Premier Component’s alive and well kicking worldwide company. It is our highest priority to maintain business continuity needed to provide support and service to all our customers around the world.

As we all experience uncertainty of COVID-19, you can rely on Premier Components for continuity of the service. We are here to support your business and enable you to meet the needs of your company.

Over the last few weeks, we have taken all necessary precautions and steps to deal with COVID-19 outbreak, as well as the measures we have taken to prevent the spread of the virus and minimize the risk to our employees, customers and society in general.

Introduction of new tools of keeping teams connected enable our service to stay up and running at all the times.

If you have enquiries or needs, please do not hesitate to use links below to contact our Purchase team or Sale team, and we will respond as soon as possible.

Email: sales@premiercore.com
Email: purchase@premiercore.com

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Our Visit to ReMaTec Amsterdam 2019
27.02.2020

Since 2001 ReMaTec has been well-known throughout Europe for being one of the leading remanufacturing trade shows for industry professionals. The exhibition is hosted bi-yearly at RAI Amsterdam in the Netherlands and at each event attracts an impressive array of automotive aftermarket and remanufacturing leaders from across Europe, but is ReMaTec worth a visit? Last month, some of Premier Components’ team travelled to Amsterdam to exhibit at the show and have kindly provided their honest feedback on the event.

"As always, ReMaTec was very good for us this year as a company. The attendance levels were high on all three days and there was a great positive energy circulating throughout the show. We felt that by exhibiting at ReMaTec we were provided with a great opportunity to create new business deals for the company and to reconnect with some of our current customers and build on already positive intercompany relationships.” – Alex Holland.

“Premier Components are one of the leading aftermarket core brokers, not just in the United Kingdom, but throughout Europe as well, and the bi-yearly ReMaTec exhibitions are a fantastic base for us to meet with current customers to discuss ongoing business arrangements, and to meet new prospective customers to discuss how we can provide them with a mutually beneficial solution for their aftermarket requirements. From our perspective, the show was very enjoyable and overall a great success for the business. By exhibiting at ReMaTec 2019 we also found that we were offered a fresh insight into how the European market is developing and changing as a whole, and we are now able to utilise this information to ensure that Premier Components remains at the top as a preferred supplier across the European continent. Premier’s leading presence in the European marketplace is something that we are very proud of as a company and we are always excited to be able demonstrate our expertise at ReMaTec. We are already looking forward to attending again in 2021.” – Keiron Pope.

 

As you can see, the feedback we have regarding the ReMaTec event has been very positive overall; this show in particular is one that the Premier Components team never misses – so if your business operations fall within the European automotive aftermarket sector, we would confident to say that it is definitely worth a visit.

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Staying Safe When Driving in the Rain
27.02.2020

Summer may be just around the corner but remember, this is the UK and sadly it isn’t best known for its clear sunny skies. Ensuring the rubber on your wipers is in good condition and that you have plenty of tread left on your tyres are essential basic safety checks to make in any kind of wet weather, but here is some further advice on some of the more dangerous rainy conditions you may encounter on the road.

Heavy Rain:
Even if your windscreen wipers are set to maximum speed, severe rain is going to affect your visibility, so the most important thing you need to do is to slow down. Reducing your speed in heavy rain will give you more time to assess and react to any situations unfolding ahead of you, and don’t forget, Rule 126 of the Highway Code states that you need to leave at least a four second gap for braking distance between yourself and the vehicle in front of you in wet road conditions. 

Another thing to remember is to manually turn on your headlights if the weather conditions are causing poor or low-light visibility.

Flooded Roads:
The first rule of a flooded road is: if there is another route you can take to avoid the flood – take it. Driving through floods runs a real risk of your engine taking on water, and if this happens, your engine will hydro lock and stop working immediately. As a rule of thumb, if the standing water is six inches deep or deeper, do not attempt to drive through it (please note: certain vehicles will be unable to drive through less water than this). 

Assess the situation, the height of your vehicle and make a sensible choice when deciding whether to drive through. To help you make a judgement call, you can see if other vehicles similar to yours are passing through the flood water without issue, and if you do decide to follow, make sure to travel through the water slowly whilst keeping your engine revs higher than usual – this will help to prevent water from entering your exhaust. 

Once you have passed the flood water, always check that your brakes are dry and working properly before continuing your journey. If you are in any doubt about whether you can safely cross the flood, turn around and try to find an alternate route.

Vehicle Aquaplaning:
Aquaplaning can be a very scary experience and usually occurs when it is raining heavily and/or there is light flooding or puddled water on the roads. 

Making sure you have deep tread on your tyres and lowering your speed can help to reduce the chances of this happening, however it’s important to remember that if your vehicle does begin to aquaplane, try not to panic and do not slam on the brakes – instead, ease off the accelerator slowly, don’t make any sudden steering actions and keep a firm grip of your steering wheel. Following these steps will help your car to regain its grip on the road surface and stop aquaplaning.

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Our Visit to Autopromotec Bologna 2019
27.02.2020

For those who may not know, Autopromotec is a highly anticipated European aftermarket exhibition with a 50-year history, which is held bi-annually in beautiful Bologna, Italy. With almost 3,600 exhibitors at the 2017 event, this show hosts an array of companies within the automotive service sector, including aftermarket part dealers, remanufacturers, workshop equipment and tyre specialists to name but a few. This year, the show was expected to be even bigger, but is Autopromotec worth a visit? Last month some of Premier Components’ team travelled to Bologna to attend the show and have kindly provided their honest feedback on the event…

“From my perspective, the show was very interesting, and we were extremely busy there covering more than 30 meetings each day with the objective of meeting and securing new potential customers and suppliers in the Italian market. We have lots of follow-ups to do now which will soon show the full value that attending Autopromotec has delivered for us. From a market perspective, I believe that this exhibition has offered us valuable insight into Italy’s aftermarket part market structure, conditions, trends and developments. All of this new information can now be used to help us increase our European presence and to offer a more tailored service to Italy’s rebuilding industry and our customers there.” – Tomasz Kowalski.

“The Italian automotive market is one that Premier Components are very much active in, and from our perspective, the show was a real success and offered an insight into how the Italian market is changing, and with this where we fit in as a preferred supplier in this region. As with all trade shows, the follow up is the most crucial element and since returning from the show I have tasked my team, who are experts in the field, with following up each customer relevant to their specialist product knowledge and this is something that they have been doing a tremendous job of so far. Our presence in the European marketplace will always be extremely important to us as a company, and though we continue to take a good market share over this part of the world, I am always excited to see both current customers who have grown over the years, and new companies that we do not currently have the pleasure of dealing with as this show how far we have come as a company, and also how far we can go with all of the opportunities around us.” – Keiron Pope.

Overall, the feedback from Autopromotec has been extremely positive for us as a company – so if your business is within the automotive aftermarket sector, we believe that it’s a show that is definitely worth attending.

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The Honest Truth about Electric Cars
27.02.2020

Environmental impact is becoming a growing concern for most people in Britain and across the globe, and we are always thinking of any small ways we can help to make a difference. One thing you may have considered is whether to switch to an electric vehicle. But how realistic is this option, and do electric cars really live up to their “green” expectations? Read on to find out about what Britons are concerned about and the truth behind their worries:

Can I afford to buy an electric car?

The truth is electric cars don’t come particularly cheap. In fact, the cheapest on the current UK market is a Renault Zoe, which can be picked up for around £22,000 when purchased using a Government Grant. You may be able to get an older model a bit cheaper but beware that previous versions will most likely feature older tech, which can mean decreased battery sizes, a shorter driving range and motors of a poorer quality. The good news here, is that as electric cars become more popular and widespread, new models will emerge and these will no doubt include vehicles that are more affordable to purchase.

Do they take a long time to charge?

The answer to this question really lies with which electric vehicle you are charging, what charging point you are using and what you consider to be a “long time”. Currently in the UK we are a bit behind when it comes to car charging speed, typically the average electric car has a 60kWh battery, which would take approximately 8 hours to charge from empty to full using a standard 7kW charging point. However, if you were to use a 50kW rapid charger, you would be able to top up 100 miles of electric driving power in around 30 minutes.

For those of you who need a faster charging speed, you may be in luck in the future, as a new generation of electric cars is rolling out across Europe which can be charged using a super-fast 350kW charging point, which could mean fully charging your electric vehicle in as little as 10 to 15 minutes! The bad news is, it may be a while before the UK catches up, as currently there is only one vehicle on the UK market which can accept even a 150kW charge (The Audi E-tron) so there are currently no charging stations here capable of charging anything even close to 350kW.

Are they really “greener” than regular cars?

Electric cars are certainly more environmentally friendly to drive than a petrol or diesel alternative, but are they really as green as they are marketed to be? The uncomfortable truth is this may not be the case! Whilst they are undoubtably better for the planet than non-electric cars, ultimately their carbon footprint is determined by the nature of the electricity generation that is feeding the battery pack. Currently only around 27.9% of electric energy produced in the UK is generated by renewable production, meaning that almost three quarters of all electricity produced here is from non-renewable sources, this means that charging your vehicle may be more environmentally damaging than you have been led to believe by marketing campaigns!

Are they actually cheaper to run?

Currently yes! Due to high costs of petrol, diesel and the higher rates of road tax for regular fuel powered vehicles, electric cars are currently much cheaper to run. However, this may not always be the case in the future! As the electric revolution unfolds, the government is inevitably going to lose billions currently raised from fuel taxation. This deficit will need replacing, and they will have to find another way to raise the funds, which in inevitably lead to having to tax electricity in the same way. So, you may find in the future that charging your electric car won’t come quite so cheaply after all!

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Premier Components UK Ltd.
Unit 701
Meon Vale Business Park
Campden Road
Stratford-upon-Avon
Warwickshire
CV37 8QR

Tel: +44(0) 1789 720 061
Email: sales@premiercore.com
Company Number: 03577119
© Copyright 2020 Premier Components UK Ltd
Company Number GB 696 0345 13
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