04-08-16, 08:41 AM
Aah..! Insurance companies...gotta love 'em!?? :eek
Andy's List For Insurance Renewal - I try & work by this for all insurance.
Rule 1 - Never accept renewal quote...shop around every year.
Rule 2 - Use comparison sites for price ammunition when you call your existing provider to haggle...staying put is easier as it saves all the paperwork changing companies if they will match other quotes.
Rule 3 - Watch out for the comparison site quotes sneaking the excess up from what you thought &/or have currently.
Rule 4 - If you telephone the big providers (Bikesure, MCE, etc) they often give you a ludicrous price quote until you mention the other realistic ones, then they often can drop by over 50%.
Rule 5 - Never pay extra for the Legal Protection - in my experience it is worse than useless & a complete waste of money. If the situation arises, deal with it yourself & never wait more than a day or two for an insurance company to get back to you...push them along.
Rule 6 - Pay close attention to admin. fees for changing bikes etc. if you are likely to do so during your cover period. It may be worth paying a slightly higher premium in order to pay less for changes during your policy.
Rule 7 - Every insurance company has a minimum quote, below which they will not do any business...what you are trying to get is that baseline quote. Sometimes your broker needs to be encouraged quite hard into looking for the company with the lowest baseline....after all, they are thinking of their commission.
Rule 8 - Never assume that everything you have now, you will get at renewal (from either your existing or potential providers). A good example is driving/riding other peoples' vehicles under 3rd,F&T. This was recently removed from my classic car policy & is not available now thru any provider as the industry is slowly removing it across the board..in a year or few you will not get it on your modern car & the industry is apparently looking to do away with 3rdF&T cover completely in the next few years. Brokers are very good at not mentioning what you won't get!
Rule 9 - Fuck Carole Nash! Any company that wants to charge you whilst they try & get your business is morally bankrupt & probably making more from phone calls than from premium commissions!
Phew!
Anyone could be forgiven for thinking that insurance companies are my pet hate! :rolleyes
Andy's List For Insurance Renewal - I try & work by this for all insurance.
Rule 1 - Never accept renewal quote...shop around every year.
Rule 2 - Use comparison sites for price ammunition when you call your existing provider to haggle...staying put is easier as it saves all the paperwork changing companies if they will match other quotes.
Rule 3 - Watch out for the comparison site quotes sneaking the excess up from what you thought &/or have currently.
Rule 4 - If you telephone the big providers (Bikesure, MCE, etc) they often give you a ludicrous price quote until you mention the other realistic ones, then they often can drop by over 50%.
Rule 5 - Never pay extra for the Legal Protection - in my experience it is worse than useless & a complete waste of money. If the situation arises, deal with it yourself & never wait more than a day or two for an insurance company to get back to you...push them along.
Rule 6 - Pay close attention to admin. fees for changing bikes etc. if you are likely to do so during your cover period. It may be worth paying a slightly higher premium in order to pay less for changes during your policy.
Rule 7 - Every insurance company has a minimum quote, below which they will not do any business...what you are trying to get is that baseline quote. Sometimes your broker needs to be encouraged quite hard into looking for the company with the lowest baseline....after all, they are thinking of their commission.
Rule 8 - Never assume that everything you have now, you will get at renewal (from either your existing or potential providers). A good example is driving/riding other peoples' vehicles under 3rd,F&T. This was recently removed from my classic car policy & is not available now thru any provider as the industry is slowly removing it across the board..in a year or few you will not get it on your modern car & the industry is apparently looking to do away with 3rdF&T cover completely in the next few years. Brokers are very good at not mentioning what you won't get!
Rule 9 - Fuck Carole Nash! Any company that wants to charge you whilst they try & get your business is morally bankrupt & probably making more from phone calls than from premium commissions!
Phew!
Anyone could be forgiven for thinking that insurance companies are my pet hate! :rolleyes