Why have insurance brokers/undewriters & the mid & police

tommy45

The police or who ever be responsible for the info not being available to the police,i don't really care who foots the bill, but it should not be the owner/driver of the car as they have not broken the law,
A similar scenario is the police acting on info decide to raid your home, using rapid entry (using the enforcer) they smash there way in your home, after searching the property and people in it, they fail to find anything illegal ,so the info given was incorrect,fictitious,
the owner/occupier can sue the police if they fail to make the property secure (replacing the door & locks or window glass broken as a result of their actions,
So why should it be any different with driving a vehicle without insurance ? if the info given is inaccurate or incomplete,

Altarf

Simple question. Why don't you use a decent insurer or broker, who will hand you, email you or fax you an insurance certificate straight away, without an exorbitant extra charge?

raskazz

tommy45 wrote: »

The police or who ever be responsible for the info not being available to the police,i don't really care who foots the bill, but it should not be the owner/driver of the car as they have not broken the law,

It's not as simple as 'the Police' though.

The cost can be borne by 3 possible parties:

1) The insured
2) The insurer
3) The taxpayer who bears the cost of Policing

It is reasonable to expect a driver to sufficiently demonstrate to a police officer at the roadside that their vehicle is adequately insured. Therefore if they fail to do so the insurers are not at fault, neither is the taxpayer as the police are taking the most appropriate course of action.

raskazz

Altarf wrote: »

Simple question. Why don't you use a decent insurer or broker, who will hand you, email you or fax you an insurance certificate straight away, without an exorbitant extra charge?

Because he'd rather obtain a cheap policy irrespective of the quality of service, clearly.

tommy45

Altarf wrote: »

Simple question. Why don't you use a decent insurer or broker, who will hand you, email you or fax you an insurance certificate straight away, without an exorbitant extra charge?

Well i thought that i had chosen one,lol there is no mention on their web site or in e-mails from them about this time delay of updating the mid, as for them e-mailing your cert of insurance i did not even know that this was posible until i spoke to the D.O.T today, So much for doing buisness online first and last time i insure online,

raskazz

tommy45 wrote: »

Well i thought that i had chosen one,lol there is mention on their web site or in e-mails from them about this time delay of updating the mid, as for them e-mailing your cert of insurance i did not even know that this was posible until i spoke to the D.O.T today, So much for doing buisness online first and last time i insure online,

Emailing a certificate of insurance is now sufficient to qualify as 'delivery' under the Road Traffic Act due to legislative changes that were effective earlier this year. However, this does not mean that the insurer has to email a certificate on request; it just means that they can email a certificate if they choose to do business in that manner.

Introducing emailed certificates is not a straightforward change as policy wordings have to be amended, as do cancellation and voidance letters and the change would have implications for the insurer's liabilities under the Road Traffic Act.

tommy45

raskazz wrote: »

Because he'd rather obtain a cheap policy irrespective of the quality of service, clearly.

well if some of you quality insurers where not overcharging for policies maybe most of us would not end up with next to no quality, i refuse point blank to pay more for a 12mth insurance policy than the vehicle is worth, i have 10 years ncd and a clean driving licence, the prices some want to charge you are unrealistic they must seriously think some of us came down in the last shower, have another pop why don't you?

raskazz

tommy45 wrote: »

well if some of you quality insurers where not overcharging for policies maybe most of us would not end up with next to no quality

Could you please confirm which motor insurers 'overcharge' for policies? Then we can look at their accounts to examine whether they have made supernormal profit.

tommy45 wrote: »

i refuse point blank to pay more for a 12mth insurance policy than the vehicle is worth, i have 10 years ncd and a clean driving licence,

A comprehensive motor policy consists of three main elements of cover:

(i) Accidental damage to the insured vehicle
(ii) Fire and theft of the insured vehicle
(iii) Liability to third parties for property damage and personal injury

Bearing in mind that (iii) is the lion's share of claims costs, and has very little to do with the value of your vehicle, why would you expect an insurance premium to be less than the value of your own car?

tommy45 wrote: »

he prices some want to charge you are unrealistic they must seriously think some of us came down in the last shower, have another pop why don't you?

Why do you say that, bearing in mind that hardly any private motor insurers are currently making profits?

tommy45

raskazz wrote: »

Could you please confirm which motor insurers 'overcharge' for policies? Then we can look at their accounts to examine whether they have made supernormal profit.



A comprehensive motor policy consists of three main elements of cover:

(i) Accidental damage to the insured vehicle
(ii) Fire and theft of the insured vehicle
(iii) Liability to third parties for property damage and personal injury

Bearing in mind that (iii) is the lion's share of claims costs, and has very little to do with the value of your vehicle, why would you expect an insurance premium to be less than the value of your own car?



Why do you say that, bearing in mind that hardly any private motor insurers are currently making profits?

if you think for one minute that anyone with any commonsense will belive that then you did come down in the last shower,

insurance company not turning a profit= crease trading they all are making profit if the didn't they would not be providing insurance or be able to pay their wages bill for staff, some insurance comanies do charge over inflated prices,maybe those are the ones not making a huege ammount of profit, i wonder why that is? could it be the country is f***ed and most who live here are skint?

glider3560

raskazz has given excellent advice. The third party part of your premium has absolutely nothing to do with the value of your car. This makes up the majority of your premium.

Take these two examples:

Insurer A - cheap and nasty
Premium £200
Charges: Cancellation £50, Amendments £35, Manual Covernote £35

Insurer B - "overcharges"
Premium: £225
Charges: Cancellation £35, Amendments free, Manual Covernote free

Which insurer do you think overcharges? Depends on your circumstances. If you know you'll need to make amendments or need a covernote, then go with B. If you don't then go with A and save yourself the difference.

Can you please name an insurer who is overcharging? Perhaps you'd also like to learn how insurance companies operate to then realise that "overcharging" for premiums doesn't mean more profit.