We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Anyone live near an Olympic cyclist?

hugoshavez
hugoshavez Posts: 586 Forumite
in Insurance & life assurance
Post_Magazine_Online wrote:

Motor insurance premiums could be set to rise for drivers who live in an area which is home to an Olympic Cyclist, Kay Iddon of the Association of British Insurers (ABI) suggested today.

"I have spoken to several of our members today, and the accidents involving Bradley Wiggins and Shane Sutton seems to have opened their eyes to the amount of time our Olympic cyclists spend training on public roads."

Ms Iddon explained: "Several underwriting managers have suggested that they may have to take into account whether a high profile cyclist lives in the area when pricing motor insurance products, because of the potential for huge claims for loss of earnings following a serious accident."

Wow! Is this a new low from these scoundrels?!
«1

Comments

  • dacouch
    dacouch Posts: 21,636 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Were the several underwritters in a bar at the time
  • hugoshavez
    hugoshavez Posts: 586 Forumite
    dacouch wrote: »
    Were the several underwritters in a bar at the time

    Not a completely unheard of occurrence ;)
  • starrystarry
    starrystarry Posts: 2,481 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    hugoshavez wrote: »
    Not a completely unheard of occurrence ;)

    How very dare you?!

    I generally take my refreshments at home.
  • ACG
    ACG Posts: 24,735 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Im in manchester....home to velodrome! So i really hope not :-(
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • raskazz
    raskazz Posts: 2,877 Forumite
    "Several underwriting managers" my !!!!!

    This stuff is not even on the radar. Given the distances cycled by these athletes in training (usually on quiet country roads for obvious reasons), linking this to risks at the level of specific postcode sectors or districts would be nigh on impossible.
  • geri1965_2
    geri1965_2 Posts: 8,736 Forumite
    Even Olympic cyclists are generally not very high earners. Radical idea I know, but how about motorists looking out for cyclists and trying not to hit them?
  • magpiecottage
    magpiecottage Posts: 9,241 Forumite
    1,000 Posts Combo Breaker
    starrystarry wrote: »
    How very dare you?!

    I generally take my refreshments at home.

    I forget - is your address now the Red Lion or the Rose and Crown?
  • kingstreet
    kingstreet Posts: 39,349 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ACG wrote: »
    Im in manchester....home to velodrome! So i really hope not :-(
    Presumably you don't drive your car around it? ;)
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • starrystarry
    starrystarry Posts: 2,481 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    magpiecottage wrote: »
    I forget - is your address now the Red Lion or the Rose and Crown?

    C/o the Unscrupulous Underwriter's Arms.
  • magpiecottage
    magpiecottage Posts: 9,241 Forumite
    1,000 Posts Combo Breaker
    I live near Steve Redgrave - do you think that poses extra risk when I dip my headlights?
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture