Taxi Driver Online

I think they could in light of whats happened, or possibly raise there premiums for them.
If they where to reject them LTI would be well fecked, and what would the PCO do then

They could but it seems unlikely. Insurance companies work on risk and there will always be someone who will take on the risk.
An increased risk will almost certainly mean increased premiums.

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http://wingsoverscotland.com/ http://www.newsnetscotland.com/

Except, product recalls happen in all walks of commercial life.

The problem's been found. LTI are dealing with it. The vehicles will not be allowed back into fleets until and unless it is fixed.

So what's the need for increased insurance premiums?

I expect LTI's insurance will increase many fold over the next few years, but there will always be someone prepared, for a price, to insure anyone or anything.

But I suppose there is a good chance TX vehicle insurance will increase ahead of non TX vehicle insurance.

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IDFIMH

Most of public hire insurance is on public liability not the vehicle, there's not much difference in the insurance for an old fairway and a new tx4 with the same driver, maybe 5-6 quid a week.

Thats where they could hit owners, public liability, insurance companies would not want anyone to be trapped and burned in the back of one

I suppose it depends on whether the underwriters believe the problem is solved or not.

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http://wingsoverscotland.com/ http://www.newsnetscotland.com/

With the cars not being allowed to ply for hire until and unless it's proved to the regulatory authorities, effectively the passing of an MOT test, only more severe?

These cars get back into the fleet, then the insurance companies can't claim they're defective and deserving of a higher risk premium.

Didn't these vehicles already pass similar tests before they ever hit the road? The (allegedly) defective parts only came to light after they had been in service for some considerable time. It could be just as long before we can tell if these "modifications" are any better than the parts being replaced.
The fitting of a "fire suppresion system" just exudes confidence, don't you think?

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http://wingsoverscotland.com/ http://www.newsnetscotland.com/

No confidence, or proof, in the mod, then they don't get on the road. End of.

No reason for insurance hike. End of.

That's just the drowning skippy clutching at straws again, in his tireless (or tiresome) crusade against LTI.

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Former taxi driver