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6 small claims and I've been blacklisted, anyone else?
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were willing to insure me at this rate, and I declined why are no others? Come on!I'm a bit confused here
Surely when you have applied for further insurance you had to give details of previous claims ?
So it wouldn't have been necessary for your previous insurer to have black listed you.0 -
borrisspassky wrote: »Past outcomes have no bearing on future outcomes as you know.
This is plain incorrect. There is a clear and proven statistical correlation between the number of recent claims incurred and the likelihood of a future loss. The number of claims prior to a certain date and the number of claims after that date are not statistically independent variables.borrisspassky wrote: »You supposition that a 1 £20k claimant "probably" only has one claim in 20 years is a fallacy, unless they can use a crystal ball, AND please, of course they do not tell other insurance companies what to do- they simply colour the facts and figures with their opinion. My number of claims is high, relative to what?
Relative to the millions of other people in the country who purchase household insurance.borrisspassky wrote: »Relative to the discomfort of the insurance company, for which they are lucratively paid and, not expensive for them in comparison to 1 large claim.
I note that you have still not provided supporting evidence to your earlier claim that "insurance companies make too much money".borrisspassky wrote: »They calculate it all this way because it maximizes their profits. Ask yourself simply this, if you were an insurance company would you rather have had 6 claims for £2,803 or 1 at £20k?
Nonsense question. Depends on the premium/excess and other elements of the risk profile.borrisspassky wrote: »Remembering that past outcomes are no indication of future ones.
You are wrong again, past outcomes are an indication of future outcomes in terms of insurance claims.borrisspassky wrote: »In the same way that the likelihood of me having the same rate of claims in the future is exactly the same as the likelihood of the £20k claimant continuing to have the same rate and size of claims in the future. .
Pure nonsense.borrisspassky wrote: »Besides which the increase is not my main concern, discrimination is. As an IFA you are naturally bias to the whole gamut of financial services which is why you accept and concur with the perverse way the insurance companies work.
Why is it perverse for a business to be averse to taking on bad risk? It's nowhere near as perverse as your inability to accept that you are a bad risk.0 -
borrisspassky wrote: »Not at all, I shall not be taking up theirs or any other offer but simply bank the old premiums and save myself the money, I have had no major claims because when it comes to life trauma occurrences extra vigilance is used, I am careful, so actually any future claims would have remained small and kept them making money from me. Tell me would you handle a baby like you would your laptop? No. If you had repeatedly but accidentally broken bottles or knocked over shelves in Tesco and despite your profitable weekly spend they barred you would you expect other supermarket chains to do the same immediately without ever having allowed you in? I think not. Not unless Tesco said something. Cake and eat it, ring a bell?
Despite repeated requests, you still haven't yet told us how much your premiums have been in the last few years. So excuse me for thinking that your assertion that your business has been profitable for your insurer is codswallop.0 -
borrisspassky wrote: »enjoyed them and I accept there are some valid points but you cannot mathematically state that 6 claims means I will continue at this rate and that 1 claim means that that will continue, its the same probabililty that I never claim again and the 1 claimant has a claim every year for the next 6.
Again, nonsense, your views are not supported by evidence (and indeed evidence points to the contrary).borrisspassky wrote: »Cast your minds back to Lloyds and the names.......raking it in and then blubbering when of all things some claims were made. Secondly your opinions are exactly those of the public who have accepted the widespread shafting that the banks have perpetrated over these last years and which have culminated in today's mess. Just because this is how its always been done doesn't mean its a)effective b)right c) profitable only for the insurance companies. Spot the odd one out! G'night.
The only person 'blubbering' here is you.0 -
What were the claims for?? Accidental damage to maybe.........TV, laptop, carpets????0
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What were the claims for?? Accidental damage to maybe.........TV, laptop, carpets????
How did you guess?
The OP listed them earlier in the thread:
"2 X wind damage to greenhouse, trampoline, tar on carpet from dog, water destroyed PC, smashed camera on holiday, paint on new suit"
Not sure who decides to do the decorating in a new suit.0 -
The op sounds like a bit of a wally. Nothing any of you say will change his mind, so I shouldn't bother to try.
We were burgled once and put in a claim, we had never ever made a claim for anything in 40 years. When we went renew we could not get anyone to insure us except the existing insurer. We had to have had a claim free period of several years before we could change our insurance company. As far as I am concerned insurance is for genuine serious occurrences. Things that might seriously affect our money reserves and not pseudo house maintenance claims or general carelessness.
Basically,with insurance, you are betting that something might occur, and the insurance company is betting that it won't. Seems simple enough to me.I can afford anything that I want.
Just so long as I don't want much.0 -
borrisspassky wrote: »were willing to insure me at this rate, and I declined why are no others? Come on!
Good insurers will try and quote on renewal rather refuse to renew- they are doing a a favour in more ways than one.
there is a claims registry, and you are asked about claims anyway. I don;t think ( what you are applying) insurer A is saying I'm quoting a high price, but if you others refuse he will no no choice.
I would say over 9/10 insurers would automatically decline that claims history ( declared or on register) and would not want to waste more time in considering it.Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.0 -
borrisspassky wrote: »Not at all, I shall not be taking up theirs or any other offer but simply bank the old premiums and save myself the money, I have had no major claims because when it comes to life trauma occurrences extra vigilance is used, I am careful, so actually any future claims would have remained small and kept them making money from me. Tell me would you handle a baby like you would your laptop? No. If you had repeatedly but accidentally broken bottles or knocked over shelves in Tesco and despite your profitable weekly spend they barred you would you expect other supermarket chains to do the same immediately without ever having allowed you in? I think not. Not unless Tesco said something. Cake and eat it, ring a bell?
With your claims history you will need £750 a year to cover the claims assuming they keep happening.0 -
People have tried being nice to you and that has not worked. People have tried to be blunt with you and that has passed you by. Sometimes, I don't know why we bother, but here goes again:borrisspassky wrote: »Not at all, I shall not be taking up theirs or any other offer but simply bank the old premiums and save myself the money
Ahhh - you think the only thing they are covering is damage to YOUR property. Your home insurance also includes cover for your liability to others. The standard example is hitting a golf ball and it breaking someones windscreen. The worst example is you riding your bike, not looking where you are going and knocking a small child into the path of an oncoming car. I just hope that God, Fate, Luck or whatever you believe in (or not) is on your side and you don't find yourself in this position.
Let's be honest; you've managed to get the back up of enough experienced insurance experts, consultants and professionals on this site that we really don't care what happens to your home....borrisspassky wrote: »I have had no major claims because when it comes to life trauma occurrences extra vigilance is used, I am careful, so actually any future claims would have remained small and kept them making money from me
So you are careful to make sure that the wind does not blow your roof off.... Oh.. Sorry... You've already admitted to 2 storm claims and of course you've been up to check that all your tiles are all still in place and the roof supports haven't been damaged. They are forecasting storms this weekend too....
I'm sure you've sent cameras down your drains to check that they are not leaking and undermining your foundations. Subsidence can cause your whole house to fall down and so you will have taken the necessary precautions to protect your home from that.
I'm looking forward to your informative post on how you manage to stop burgalars. You mention that one of the claims was for damage to a camera whilst you were on holiday, so I presume you employ someone to look after your house whilst you are away...borrisspassky wrote: »Tell me would you handle a baby like you would your laptop? No.
When was the last time you saw a baby "destroyed" (to use your own word) by water? Get a grip!borrisspassky wrote: »If you had repeatedly but accidentally broken bottles or knocked over shelves in Tesco and despite your profitable weekly spend they barred you would you expect other supermarket chains to do the same immediately without ever having allowed you in?
When will you get it through your thick skull that you have NOT been blacklisted!!! There is no "insurance blacklist"!!! What you have done is had 6 claims in 4 years!! 99% of UK insurers will decline to quote you if you have had more than 2 claims in 3 years!!!! It's not you - it's your awful claims record that means most insurers will not give you the time of day!!!borrisspassky wrote: »Cake and eat it, ring a bell?
Yes it does; it appears to be exactly what you want. If you want to "have your cake and eat it", then you should become a baker. This is about insurance.
YOU ARE A BAD RISK!! YOU HAVE A HISTORY OF CLAIMS THAT IS NOT ACCEPTABLE TO THE INSURANCE INDUSTRY. YOU ARE NOT SOMEONE I WOULD WANT TO INSURE AND IF I FOUND THAT YOU WERE INSURED WITH ME, I WOULD FIRE THE UNDERWRITER THAT GAVE YOU A POLICY AND SEND YOU A 7 DAY NOTICE OF CANCELLATION!! NOW STOP FEELING SORRY FOR YOURSELF, TAKE THE POLICY THAT WAS OFFERED TO YOU AND HOPE TO HELL THAT NOTHING GOES WRONG FOR YOU IN THE NEXT 3 TO 5 YEARS SO THAT YOU CAN START AGAIN FROM SCRATCH!!
Is that clear enough?In the beginning, the universe was created. This made a lot of people very angry and was widely regarded as a bad move.The late, great, Douglas Adams.0
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