Cars Stolen Insurance "in dispute"

Wig

dacouch wrote: »

By the percentage.

I am not sure where you get £50 from, the OP mentioned the Insurer wanted to deduct 25, which would indicate they would have loaded by 25%.

None of the OP's posts are very clear, but I would be surprised if they premium was only £200 eg 25% load resulting in your £50.

I assume the OP has a multi car policy and paying circa £1200, so a 25% loading on this premium would be £300 premium the OP saved

Glen's question was -and I am interested to know the answer aswell

Yes we can see that if there had been 2 SP30 the premium would have risen by 25% so instead of paying £1200 premium they would pay £1500 an increase of £300.

But what the OP said was that instead of paying out the market value of the cars lets say £20,000 they were offering 25% less so that would be £15,000 a difference of £5000

Glen was asking if the insurer could rightfully withhold £5000 or withhold £300 ?

The post below answers this question.

rs65

glentoran99 wrote: »

% or amount?


The premium increase could have been only £50, so surely that's the only amount they would be allowed to deduct, Not 25% of a payout? which could amount to hundreds or thousands?

Page number 15

http://www.legislation.gov.uk/ukpga/2015/4/pdfs/ukpga_20150004_en.pdf