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Tyre, Wheel and Cosmetic Insurance Scam?
Bachelorplace
Posts: 256 Forumite
in Motoring
I note that when a claim is made on a tyre, wheel, or cosmetic policy with an insurer, you have to declare this to your insurer. This would then affect your no claims and or you on going premium.
Really? For having a scuffed alloy repaired.
I wonder why none of the insurance firms disclose this when selling the product to you, or the dealers.
In fact one of the product sales teams at 123 Gap - actually emailed to say "I don't know"
Is this true and therefore are these products virtually useless as a result?
Really? For having a scuffed alloy repaired.
I wonder why none of the insurance firms disclose this when selling the product to you, or the dealers.
In fact one of the product sales teams at 123 Gap - actually emailed to say "I don't know"
Is this true and therefore are these products virtually useless as a result?
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Comments
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Bachelorplace wrote: »I note that when a claim is made on a tyre, wheel, or cosmetic policy with an insurer, you have to declare this to your insurer. This would then affect your no claims and or you on going premium.
Who says so?0 -
As such policies are essentially Warranties then I highly doubt any claims on them are recorded on the CUE database. As such the motor insurer is unlikely to know.
Unless you're talking about an add-on to your motor insurance - in which case your insurer would know regardless.0 -
Bachelorplace wrote: »I note that when a claim is made on a tyre, wheel, or cosmetic policy with an insurer, you have to declare this to your insurer. This would then affect your no claims and or you on going premium.
Really? For having a scuffed alloy repaired.
I wonder why none of the insurance firms disclose this when selling the product to you, or the dealers.
In fact one of the product sales teams at 123 Gap - actually emailed to say "I don't know"
Is this true and therefore are these products virtually useless as a result?
I don't have it, but a couple of colleagues have used it more than once and seem pleased with the use of the policy, although it is limited to 5 claims they have used it more than once each.0 -
I imagine if you're the sort of person who goes around hitting kerbs with your car then the insurer wants to know about it.
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Holy Thread Necromancy, Batman!
Further to my previous post, I'd imagine it's more like windscreen cover on motor insurance policies ... making a windscreen claim doesn't (usually) boost your renewal premiums.0
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