If the other party is At Fault their coverage will pay for your damages pretty much no matter the alterations. If you are at fault, your insurance company will not pay for additions that did not come with the vehicle unless you scheduled them on your policy. They will probably pay for the value of the original parts if you replaced them to add your modifications.
As long as you're properly insured, there shouldn't be a problem. Call your insurance company and they'll sort it all out for you. If the car's not insured to be driven by a learner, then you're not insured. If you're not insured, then you're breaking the law by driving, may face a fine or points on your licence (when you eventually get it), possibly a ban, and the insurance company of the person you crashed into, assuming it's your fault, might come after you for compensation.
his nominee will get his insured amount
generally nothing. Insured person can name another beneficiary.
Benefits are reduced
i believe youd be arrested for Grand Theft Auto
Goes to the beneficiaries heir's or estate.
P.S. The insured driver is found at-fault with witnesses. The uninsured driver is worried if his license will be suspended or facing any penalty for driving the his parent's INSURED car.
You probably get arrested.
If an insured has a policy where there is no named beneficiary, or the named beneficiary is deceased, then the benefit will be paid to the insured's estate.
Banks are insured up to 100,000.00 by the government.
Your Home will be considered Un-Insured
you could get fined up to 200 to 300 pounds for not having the insured vehicle in your name or maybe it even can get impounded.