insurance - the megahappyawesomefunbussuperslide ride

[Wideboy]

its a fun ride isn't it. A super fun and mysterious ride. What's the weirdest things they've said to you?

i'll start of with the weirdest most ridiculous thing I've ever herd. That i have just found out about 20 mins ago whilst renewing the thunderace insurance;

1. some may remember a few years back when i was a duck head i jumped a red light and ended up going over the bonnet of a golf, SV being well and truly mullerd (hence being rebuilt to as it is now) as well as me being mullerd. The case was ongoing for years and i gave up chasing it after 2 years, i came to the conclusion that they were leaving it open and unsettled to sting me for as much money they could and stop me going elsewhere..... turns out i was wrong. Despite me admitting to the person that hit me, the police that attended, the ambulance crew that attended and my insurance company that >IT WAS MY FAULT< they felt that it wasn't. Just been informed that the case was closed and settled in my favour as me not being at fault...ok , feel sorry for the guy that hit me but meh i did the right thing.
2. my points run out now and i need to send off my license to have them removed, but i still have to declare them for another year despite not having any.
3. my car insurance is believe it or not, cheaper with points. so I'm now off to commit some road crimes.
4. when Helen had a provisional car license she could insure my 3 series for half the price of what it costs me with 4 years no claims.
5. i have had to declare my non fault car incidents on my bike policy and despite it being 100% not my fault and all claimed back and settled, it bumped up my policy £4 and it bumped up being a name driver on Helens car by £60.

seriously why is there not some sort of massive investigation into these companies, they are criminals! they are no different to you average conman on the street!. back stabbing robbing stinking thieving ****s!.......... and its legal!

Ahhhhh Insurance, one of the only legal forms of sexism..... Don't see women complaining about this one though.

Think the BBC did a story about it not long ago

http://www.bbc.co.uk/news/business-12600284

Twins both 18, 1 male 1 female.... Females was £1700 (ouch) Males was £3400 (OUCH!!) same car same age both related.

I think there IS a massive investigation.

Or at least the proposal to have one, it was on the news the other day.

I agree whole heartedly.

Something simular happened to me with my insurance company. I was involved in an incident with an old man in which he tried knocking my off my bike, but, I wrecked his fun by dropping the bike instead. But, because the bike carried on without me and made a slight mark in his rear bumper he said I was to blame.

I argued, my insurance company never said what had happened with the claim in two years, they just said it was outstanding.

Well, after two years I found out apparently they settled in the favour of the other side and need to charge me another £100 for the year.

Robbing *******s

Originally Posted by Woogie

Ahhhhh Insurance, one of the only legal forms of sexism..... Don't see women complaining about this one though.

Come 21st December, all insurance premiums have to be gender neutral. This is thanks to some European legislation caused by some Belgian group called Test-Achats. Whether this means the cost for men will go down to meet the cost of women in the middle somewhere, or whether premiums will just inflate to the same cost as men, is to be seen, as it'll be up to each individual underwriter to price accordingly. As time goes on, an industry standard will emerge and people will have to follow it to be competitive.

The same group is launching a court case against age discrimination in financial services as well, so expect the 25 year old premium band to disappear in about four years time. Of course, this means premiums might increase as a whole to absorb the cost.

That is, if we haven't ditched Brussels by then.

I dare not even try to understand how they can get away with charging what they do, IMO a simple rule of thumb should always be the policy is for "x"% of the vehicle value dependant on a number of factors (no claims/convictions etc) but with a maximum of 100% of the vehicle value for FPFT and 200% for fully comp.

Saying that I think we've got it backwards anyway, I think it should be more like the Spanish system in that the car is insured and anyone with a licence and the owners permission is able to drive it. That way you never get uninsured drivers so you solve two problems there.

[widepants]

Originally Posted by Owenski

Saying that I think we've got it backwards anyway, I think it should be more like the Spanish system in that the car is insured and anyone with a licence and the owners permission is able to drive it. That way you never get uninsured drivers so you solve two problems there.

mmmm but then they will asume that the youngest driver is going to be a mad loon of a 17 year old and shaft you anyway.
Just had my renewal for my van which was run on a trade insuwerance.I told them that no longer would I be self employed and running around the county , but was a carer with a motabilty car at my disposal and that the van would be used for occasional use only ..
Sooooooo they took into the consideration the lack of miles and the fact it was no longer trade use and reduced it by £00.00 .WTF tossers

[Bibio]

we are all getting robbed as insurance companies used to make money threw investments and shares now that the brown stuff has been thrown at the fan they now need joe public to front their lifestyle that they are accustomed to. it's the same all over the board in other industry's which also include power and fuel.

the worst thing that ever happened was banks set intrest rates to a stupid unrealistic low level which has had a knock on effect all down the chain. if banks don't make money from interest on loans and investments then where are they supposed to make money.

[Fallout]

Apparently pay outs on average are approx twice what they used to be since the suing/blame culture took over, plus when you take into account all those hidden legal fees when lawyers skim off the top, premiums have to rises loads to cover all that.

We really need regulation on the suing culture if we want lower premiums. If you get whiplash, unless you physically can't work and don't get sick pay (contractor), people shouldn't be entitled to claim for cash. Cash isn't going to fix your stiff neck. Nobody actually uses all the money to pay for private physio. They buy a new TV and a 3 piece suite to watch it from.

[keith_d]

Years ago we only needed to keep a bunch of insurance underwriters in Bentleys. These days we're keeping a shed-load of lawyers in Ferraris too. And, who do you think is paying for all those 'no win no fee' adverts on the TV?? Not to mention all the people inflating their claims and staging fake accidents.