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I recognise this scam

Hi folks

Buyer beware just like the banks the insurance companies are charging ridiculous amount of money for minor change to policy.

Took out insurance with commercial vehicle direct and then put personal plate on truck, charged £50 "admin fee" for this service, there is great old saying that you can shear a sheep many times but can only fleece it once.

So folks the moral of the story read the fine print and buyer beware:( I know who I wont be buying insurance with next year

Comments

  • Voyager2002
    Voyager2002 Posts: 16,317 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    frugalwise wrote: »
    Hi folks

    Buyer beware just like the banks the insurance companies are charging ridiculous amount of money for minor change to policy.

    Took out insurance with commercial vehicle direct and then put personal plate on truck, charged £50 "admin fee" for this service, there is great old saying that you can shear a sheep many times but can only fleece it once.

    So folks the moral of the story read the fine print and buyer beware:( I know who I wont be buying insurance with next year

    Actually, that fee sounds about right for the administrative work involved.
  • frugalwise wrote: »
    Hi folks

    Buyer beware just like the banks the insurance companies are charging ridiculous amount of money for minor change to policy.

    Took out insurance with commercial vehicle direct and then put personal plate on truck, charged £50 "admin fee" for this service, there is great old saying that you can shear a sheep many times but can only fleece it once.

    So folks the moral of the story read the fine print and buyer beware:( I know who I wont be buying insurance with next year

    Yes, read the fine print...and put the plate on at the END of the policy!!!!!
    :money: :money: :money: :money: :money: :money:
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    88 miles per hour!!
  • dunstonh
    dunstonh Posts: 119,811 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Where is the scam?
    So folks the moral of the story read the fine print and buyer beware I know who I wont be buying insurance with next year

    duh! Do you complain to Tesco that you have to pay for the price marked one shelf?
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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