[pennadyFeet]

Insurance companies are corrupt and will do anything they can to not pay a claim. They are run just like the mob.

And speaking of "premium" companies, Theres a premium company here called State Farm and if you have a car accident they will drop you because they only want grade A drivers....a buddy of mine got into a fender bender, his car was a BMW at the time, and they dropped him pretty much right after his claim....such a scam

hmm isn't it common practice that once you've had a smash that's it your contract ends after the claim is paid out ?

[Ceriopal]

hmm isn't it common practice that once you've had a smash that's it your contract ends after the claim is paid out ?

No, your insurance company should stick with you and give you a fair renewal quote.
Basically if your company drops you after a claim that really shows it is only interested in collecting your money as long as it doesn't have to pay you out.

[hexniks]

No, your insurance company should stick with you and give you a fair renewal quote.
Basically if your company drops you after a claim that really shows it is only interested in collecting your money as long as it doesn't have to pay you out.

no it just means that once they have paid out they can cancel the insurance policy because they have upheld their side of the contract.

insurance is a mugs game... you need it as a general rule... but they know that your not likely to have an accident but they have to take the risk.

that said they make money hand over fist regardless of you having an accident or not.

[viagraman]

no it just means that once they have paid out they can cancel the insurance policy because they have upheld their side of the contract.

insurance is a mugs game... you need it as a general rule... but they know that your not likely to have an accident but they have to take the risk.

that said they make money hand over fist regardless of you having an accident or not.

I have only claimed on mobile phone insurance (possibly others if think about it) and never been told to go elsewhere after. I know loads of people who have made home insurance claims and are still with their providers.

[medshop]

hmm isn't it common practice that once you've had a smash that's it your contract ends after the claim is paid out ?

maybe for the grade A companies....but itsnt that what insurance is for?? In case sht happens???

[ptolerezort]

I have only claimed on mobile phone insurance (possibly others if think about it) and never been told to go elsewhere after. I know loads of people who have made home insurance claims and are still with their providers.

That's because it's a HUGE scam. They send you a refurbished phone that's less than what you've paid in premiums since you got it on a contract renewal.

I don't bother with phone insurance. At least not what carriers here offer. There's caps on replacement, always a refurb, a deductible, and the monthly cost. You could get a newer, better, device for what you pay in insurance on a phone.

The 3 big wireless scams are texting, data, and insurance.

[BopeDolaNeone]

That's because it's a HUGE scam. They send you a refurbished phone that's less than what you've paid in premiums since you got it on a contract renewal.

I don't bother with phone insurance. At least not what carriers here offer. There's caps on replacement, always a refurb, a deductible, and the monthly cost. You could get a newer, better, device for what you pay in insurance on a phone.

The 3 big wireless scams are texting, data, and insurance.

That's not true. I have always received a brand new boxed phone from my insurance. Even if I hadn't, so what? A refurbished phone is just as good as a new one.

As for texting, nearly every plan in the UK has unlimited texting included.

[AdobebePhoto]

Did you buy it on the internet?

[ThomasMannfanny]

Did you buy it on the internet?

Who?...

[liontutuxx]

It's simple, insurance companies are run by idiots

Rather than actually provide a good service, looking after the client, they prefer to spend the money trying to avoid payouts. Rather than consider the client having an accident, and hence claim, and considering that this is going to be 'the' main claim they'll make they just drop the client, writing off the potential income from them in the future. Rather than make it easy to make a claim (bith supporting paperwork) and paying out the agreed/replacement value and so having a happy client who may move more of their business to the company and/or recommend it to others, building up their client base, they act like [small penises] and lose not only that customer but gain a bad reputation amound the ex-clients friends and other contacts. Rather than chase up other parties to recover their costs, they don't bother - running up their net costs.

While most of us don't like paying insurance, I'm quite confident that we'd be reasonably happy paying a bit more if we knew that when we needed them, they'd actually do what they were supposed to do, not [small penis] us around!

[bestgenpower]

I hate them also! Pay for car insurance, they ask the value of the car and then say you will only get market value if you make a claim

Im not being funny, but what is wrong with that ?

Why on earth would they pay out more than the current market value at the time of loss. lol...

You don't buy a brand new car then crash it 6 years later and expect to be paid out the same amount of money you bought and insured the car brand new for. Insurance companies wouldn't stay in business very long if they did this all the time . You are insuring the vehicle, not the price tag. They will give you market value at the time of loss so you can get a another vehicle the same as the one you just crashed. Age, condition etc... You don't get the same money that you bought the car for. Imagine that, everyone would just crash their car every few years and get a nice payout and buy a brand new one hahaha.

The only way this works is if you get a pre "agreed value" insurance figure. Normally you basically have to prove to them why YOUR car is for some reason worth more than the current market value of the same vehicle. Normally this is because of modifications or restorations if you are talking about "classic" cars.

Other wise no insurance company is going to pay you out the original 20k you paid for the vehicle if its now 3 years old and only worth 12k. No matter how much you "insure it for". As i said you insure the car not the price tag .

[itsmycock]

It's simple, insurance companies are run by idiots

They are not idiots at all, they are very shrewd people. If you think for one second that the decisions they make that screw us over are accidental in any way then you are the idiot.

--- Post Update ---

Im not being funny, but what is wrong with that ?

The problem is that people are used to their home insurance replacing things with new products and expect the same from their motoring policy.

[kvitacencia]

[/COLOR]
The problem is that people are used to their home insurance replacing things with new products and expect the same from their motoring policy.

Well this would be awesome. LOL imagine it, you could just buy a nice new car for 20k then crash it 5 years later and get given 20k as a payout.

Sorry but if people think it should be like that then they live in fantasy land!.


You are insuring YOUR vehicle. Not the price tag. Don't expect to be given any more than the car you crashed is worth. You don't just get free money. lol. This is madness.

the reason it is done for household items new for old is because more often than not you CANNOT replace household items lost with something identical and of the current value at the time of loss. There is not a big "second hand" market when you are talking about carpets etc. You cant replace the carpet that you just got water damaged with a random secondhand one for instance. So the only way to get the thing you lost replaced is to have it new. This is why it differs from vehicles insurance.

[loolitoertego]

Sorry but if people think it should be like that then they live in fantasy land!.

You're worse than Bungle when it comes to thinking about things.

Sure, it is stupid if you rationalise it, but it's just not something people think about and insurance companies aren't going out of their way to point it out to them.

[dserbokim]

You're worse than Bungle when it comes to thinking about things.

Sure, it is stupid if you rationalise it, but it's just not something people think about and insurance companies aren't going out of their way to point it out to them.

I used to work in insurance. Used to work for a brokers that did jap import vehicle insurance. I can tell you 99% of our clients were more than happy with the service they were given and the premiums they were offered. I only encountered maybe a handful of clients that that thought they should be given anything other than the amount of money it takes to replace what they have lost.. Out of thousands of them. So forgive me for assuming the majority of people would be able to see the logic..

We did agreed values on vehicles where it was proved to us the car was worth more than market value. For instance we had a 1993 Toyota supra that was insured for an agreed value of 60k. The market value for that car is about 6k... But it was warranted because the car could NOT be replaced with just a standard car... It was special because it had specific modifications etc. So that is fine.. As i said you are insuring your vehicle... So what ever your vehicles IS WORTH is what you should get in the event of a loss. No more no less.... To think other wise, is not to think.

[Badyalectlawl]

Currently use different cover for my contents and buildings

Contents is with M&S, simply because they only ask for the value of products over 5k and have full cover on things like mountain bikes. A great policy since the items I have are ever changing and some have a fairly substantial value.

The thing about our NHS is it is far from "Free", I pay a good few hundred each month in National insurance the bulk of which goes towards the NHS a service I barely if ever use. Health insurance is only £30-40 a month if I really wanted it.... On the other hand the NHS is a great service and I do not mind paying for it, what is unfortunate is it is over abused and in many places badly managed.

[Amomiamup]

The thing about our NHS is it is far from "Free", I pay a good few hundred each month in National insurance the bulk of which goes towards the NHS a service I barely if ever use.

That's a common misconception. Most of the NI contribution goes towards your state pension and other state benefits. The NHS actually takes a relatively small percentage of NI. I'm not sure of the details, but I think the NHS is funded indirectly from an NHS fund that is collected from NI.