Renewals

mikey72

Answer 1

Dangermac wrote: »

Brokers are earning far too much! Dont make me laugh.

Answer 2

Dangermac wrote: »

We're doing very nicely, thank you very much.

Concentrating on the areas that we are best at, can add value to, and can make a living from.

We dont win business solely on price. That would be a mistake.

Just keeep watching this forum, matey boy, and we'll see how many people wish they hadnt used a comparison site and/or done a DIY insurance job.

I think I will choose answer 2

matey boy ?? :rotfl::rotfl::rotfl:

Dangermac

mikey72 wrote: »

Answer 1



Answer 2



I think I will choose answer 2

matey boy ?? :rotfl::rotfl::rotfl:

I do appreciate that I am corresponding with an idiot.

If brokers are making so much, why are they going out of business?

You have got no idea, whatsoever. As I said, keep watching this forum, and have a look at the volume of people who have had problems using comparison sites.

Why do you think many insurers will not use this distribution method for their products?

Incidentally, matey, do you think that the comparison sites are a benevolent organisation, or do you think that they are taking a nice slice of the pie? Perhaps you have a view on their income?

mikey72

Dangermac wrote: »

I do appreciate that I am corresponding with an idiot.

If brokers are making so much, why are they going out of business?

You have got no idea, whatsoever. As I said, keep watching this forum, and have a look at the volume of people who have had problems using comparison sites.

Why do you think many insurers will not use this distribution method for their products?

Incidentally, matey, do you think that the comparison sites are a benevolent organisation, or do you think that they are taking a nice slice of the pie? Perhaps you have a view on their income?

Still no manners then. Never mind, you're not typical, so it must be you.
I think comparison sites are another distribution channel for what used to be your exclusive product, so they are your competition, and they take a smaller slice of the pie than you do.
If you provide a cost effective service you will be in a job. If you're not cost effective, the market will take care of you.
You can decide your fate, I don’t mind about you either way really.

matey ????

sophievenusdoom

Ian_W wrote: »

As opposed to wasting loads of money which you'll never get back ....

No point in trying to second guess how your insurer arrive at the renewal premium, too many variables that you're unaware of. Just check to make sure it's the going rate.
Example - 08/09 policy year I made a £700 claim on my household insurance, paid out with no major drama and the follwing year premium went up by £40. Renewed with same insurer. This year premium went up by £200 (almost double) so I shopped around and found a dozen or so reputable insurers offering same or better cover much cheaper.

Took a couple of hours to save £200, if QUOTE (or anyone else) wants to pay me £100 an hour - I'm free!

And I have found before that after I had shopped around, and called my then insurer to advise I wouldn't be taking up the renewal, they then asked me how much I had been quoted by the other provider, and tried to beat it! Part of me thinks they send out renewal quotes at exceptionally high prices to see if you are stupid or lazy enough to just accept them?!

vaio

sophievenusdoom wrote: »

.......they send out renewal quotes at exceptionally high prices to see if you are stupid or lazy enough to just accept them?!

Sort of sums up the insurance industry but don't knock it because the stupid/lazy people are effectively subsidising those of us who do look at the market come renewal time