Sick of this every foccing year.

[Dead Eye]

Pretty much, but ultimately it's £95 against the risk factor of a potential claim

I work around Travel Insurance at the moment and there are many instances of insurance being sold for say £20, excess of about £100 in some cases but the claims can rack up to well over £25,000 and the vast majority of claims will well exceed the Premium + Excess especially on cheaper insurance. The only way they can possibly make money is by trying to outsell volume over risk of claim... it's a crazy game they try to play and ultimately a lot of underwriters have been hit hard recently.

Still, it's a different market to vehicle insurance, but uses most of the same concepts