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Old 21st April 2020, 14:49   #1
Rogue
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Default Insurance refunds

I wonder how many others will follow suit!


https://www.bbc.co.uk/news/business-52367030
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Old 21st April 2020, 15:00   #2
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very nice of them to do it but I don't think there is a need.

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Old 21st April 2020, 15:37   #3
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Originally Posted by macafee2 View Post
very nice of them to do it but I don't think there is a need.

macafee2
Sorry Ian but I have to disagree with you on this. If you are a regular commuter to work, and otherwise, you usually put on your insurance an amount of miles you expect to cover in a 12 month period. The risk is more if you travel 10,000 miles normally in a year, than if you only travel 9,000 miles per year because of this virus nuisance. Therefor a rebate should be paid for the miles not travelled because of this damned virus thingy. Come on Ian, let’s get the price of motoring down, not as usual, up.
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Old 21st April 2020, 15:54   #4
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Sorry Ian but I have to disagree with you on this. If you are a regular commuter to work, and otherwise, you usually put on your insurance an amount of miles you expect to cover in a 12 month period. The risk is more if you travel 10,000 miles normally in a year, than if you only travel 9,000 miles per year because of this virus nuisance. Therefor a rebate should be paid for the miles not travelled because of this damned virus thingy. Come on Ian, let’s get the price of motoring down, not as usual, up.
sorry my wording was wrong, I totally agree with you.


Replace "need" for "reason", what has prompted them to do it? That is a heck of a lot of money they will be giving away. Not something I would have expected insurance companies to do.

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Old 21st April 2020, 16:01   #5
Rick-sta
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sorry my wording was wrong, I totally agree with you.


Replace "need" for "reason", what has prompted them to do it? That is a heck of a lot of money they will be giving away. Not something I would have expected insurance companies to do.

macafee2
I was just thinking the same, thought the article was too late for April fools. Insurance companies are usually penny pinching as much as possible.
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Old 21st April 2020, 16:09   #6
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I have annual travel insurance which runs till Sept, I have been trying to contact the provider to ask whether they are giving any consideration to suspending or extending. Phone queues too long up till now will keep trying but not expecting much joy.
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Old 21st April 2020, 17:35   #7
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I’m guessing the money they hand back will probably be less then they would normally pay out, add in the free advertising and goodwill they are getting and the possibility that people will move to them in the future. Good marketing
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Old 21st April 2020, 17:41   #8
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Doesn't make sense, insurance premiums vary wildly, £25 on my policy is around 10% but on my sons about 1%. how is that fair?
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Old 21st April 2020, 18:42   #9
Dallas
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Road tax next then we all should get a road fund licence rebate???

Regarding vehicle insurance, car's sitting idle doesn't make them invincible, damage can still occur, also theft, but I guess claims are low at the mo with not many cars being driven on the roads.
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Old 21st April 2020, 20:37   #10
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I'm pretty chuffed as I have two cars insured with them on a Multicar. Let's see how they perform come renewal time next month!
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