Insurance cancelled

Which is another thing that grips my Marmite. Insurance, of any kind, is all about betting based on risk. If I've driven my classic vehicle for a year without an accident the risk of me crashing next year is less. If I've driven it for two years without incident I'm more likely to manage a claim free third year.

 

Im perplexed.

Does anyone here actually work for a major business anywhere near the finance department?

'hanging on to your money because they are lazy' is myopic and unhelpful.

Big businesses do charging runs to pay suppliers or customers once a week, rarely twice a week...you are simply falling in to that cycle.

They do that because it's efficient both at their end and the banks and falls into external regs and auditing. Making that system in efficient means higher premiums as you pay for more staff to run them (cue more stupid comments on how that's unfair bloody shareholders etc etc).

Big business that handle large sums of money also have to abide by financial regs, including money laundering checks etc...the systems are not designed to be fast in their feet.

I agree it's frustrating...but having worked on the systems that run finance, it's not personal...they don't do it to ******* you off.

Most companies do have an exception route you can explore, this does involve taking staff away from day to day and setting them on that task, so they rarely do it.

Why?

Simply because they don't have to and they are sticking to the agreement YOU made with them. Read your documentation.

I can empathise with the frustrations of the above....I'm not stating big businesses are 100% honest or get it right...but some things are that way across all of them and are designed that way for a purpose, it's not personal.

 

That would be right if the risk was measured against only you, but it includes the car itself too.

Id not push on classic vehicles because factually they are far less safe than modern cars....no airbags, no crumple zones, no seats headrests etc etc.

If the insurance companies really assessed the full risk against a classic and factored the risk of physical harm potential to the driver and passengers all premiums would go up.

 

Mine does

 

It may have been better to negotiate a deal whereby they removed the student but kept you all insured until the refund was made. That would minimise the gap and only actually affect one member of the family.

 

That's what I thought but I investigated and turns out it is. Guaranteed valuation the full works and less than 200 notes. Yes please.

 

Me neither

 

I was as surprised as you are. Its through insurance broker 2gether insurance. I cant remember actual insurer name I will check later. I do know they specialise in Commercial Vehicles, high performance and classic cars. MarketInsurer or something. I will check.

 

I have just gone over to 'cherished' and had a very good quote and a free dna kit. £80 less then Flux!

 

Oh and I paid £130 last time just checked bank statement on line.

 

Yes I will get that for you as soon as I'm back home. I'm with you all other policies ive taken were exempt from building up no claims. I've been with these guys two years now.

 

That doesn't alter the basic fact that the longer you drive without crashing or being crashed into the greater your chances of driving crash free the next year. That remains true whether its an inherently less safe vehicle or not.
I have 9 years no claims on my teaching car which is the maximum they allow but I have actually driven and taught for over 20 years without a single claim. If I buy another car and insure it I will not be allowed to use my NCD as its being used on another car! What! I can only drive one car at a time and my driving doesn't suddenly deteriorate just because I get out of one car and get into another.

 

Sorry, that's not correct.

Put it this way, we can agree that driving isn't risk free, i.e. there is a chance you might have an accident by your fault or someone else.

An accident you cause happens because you make an error in a decision e.g. When to pull out, speed etc.

The more you drive, the more decisions you make. The more decisions you make, the chances of one being wrong grows too.

You can of course state experience enhances your ability to make good decisions, but that doesn't negatate that each day is different and the fact that cumulatively you make more and more decisions increases the chance of error.

All of this becomes a moot point when you the factor someone else crashing in to you.

If you drive for an hour a day, you are less likely to have a crash than someone that drives 6 hours each day.

 

Ive just re read my post. I agree with you I should be ik wih a quote . I must have had a rush of blood through frustration

 

Ive just re read my post. I agree with you I should be ik wih a quote . I must have had a rush of blood through frustration

 

Ive just re read my post. I agree with you I should be ik wih a quote . I must have had a rush of blood through frustration

 

Ive just re read my post. I agree with you I should be ik wih a quote . I must have had a rush of blood through frustration

 

Ive just re read my post. I agree with you I should be ok wih a quote . I must have had a rush of blood through frustration

 

Ive just re read my post. I agree with you I should be ok wih a quote . I must have had a rush of blood through frustration

 

Ive just re read my post. I agree with you I should be ok wih a quote . I must have had a rush of blood through frustration

 

Ive just re read my post. I agree with you I should be ok wih a quote . I must have had a rush of blood through frustration

 

Ive just re read my post. I agree with you I should be ok wih a quote . I must have had a rush of blood through frustration

 

Ive just re read my post. I agree with you I should be ok wih a quote . I must have had a rush of blood through frustration

 

Hi
i don't know what happened above , re numerous entries, sorry
update that i have had my refund on 22nd september, remember my queery wasn't the way i have hadmy insurance cancelled , the lad who set up policy with me did say that there my be a problem as at the time the policy was taken out my daughtr was not confirmed with a university place , but he did say he would submit the information for the cover , nor am i complaining at the price , £212 for me and 2 daughters fully comp , no ncd can be brought in or built up , restricted to 2000 miles , including breakdown cover , BARGAIN
my issue was i claimed whilst they have my money i will still consider myself insured ,,,,, they disagreed with this

anyone wanting to insure a 53 year old no claims 2000 miles and breakdown cover for reasonable price, you know who to contact cause i am sick of filling online forms to get back ridiculous figures

 

The systems are all wrong and stacked against you, don't try to fight it though they will win in the end. Its all one giant cess pit and den of corruption. Unfortunately they hold all the Aces! :chuck: