Quote:
Originally Posted by Red ones
A few years ago I had an insurer who had a long list they "approved"but when I asked about what effect they had on premium the answer was "none."
I asked why their approved locks didn't affect the the risk of theft and they were stumped. The argument I used was why would I spend a lot of money on an approved lock and chain if the premium remained the same? Doesn't that encourage to not spend that money and either buy a cheap rubbish one for looks or but nothing and take the chance?
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Did they say it didn't affect the risk, or didn't affect the cost? You may find that once the risk goes above a certain level, it will make a difference. So, while it doesn't affect the cost now, it could reduce the cost of a future negative change (such as business travel or increased mileage).