Grinds my gears this. March 2015 I supply Quoteline direct with 9 years protected NCB and get my shiny new van insured. March 2016 Quoteline only supply a 9 years NCB letter as it's their policy.... unknown to me. March 2017 Vanline Direct only supply 9 years NCB as it's their policy. March 2018 Brightside supply 9 years NCB as it's their policy. Each year protected NCB, but the NCB letters don't show any growth - I didn't really notice. Since I insure my van before it runs out I'm not aware of the actual NCB years, so I picked up an old bonus from 2016 and just added the appropriate years for the proposal.... Admiral now want an extra £168 for the missing NCB.... I was treated like a criminal for "over claiming my bonus".... note you don't get the previous no claims bonus letter until the policy expires. I claimed 11 years on the proposal (should have been 12), but my NCB letter from the previous insurance only shows 9 (as it's their maximum)..... Admiral allow a discount up to 15 years. I've provided all the appropriate documents and await their judgement.... Yet another way they get money from unsuspecting or inattentive policy holders.
I had this before when changing insurers. I hadn't claimed for years. When I changed insurers the renewal letter credited me with 12 years or something. Then when I changed again a couple of years later I was only credited with 6 years as that was their policy. The new insurer wanted evidence of the additional years NCB or they would charge me extra. I had to get a letter from the previous insurer confirming my actual NCB before the new one would insure me at the agreed sum. It was a real PIA and pissed me right off. Why can the not just keep a tally and pass it on? Sorry I can't remember the names of the insurers but beware of Admiral. They are one of the insurers who will bump up your premium for a no fault claim on the pretext that you are more likely to be involved in an accident in the future. A couple of years ago I was hit from behind while stationary. The claim was settled, I got by excess back and I thought that was the end of it. But come renewal time they bumped the premium up from £180 to £450!!
Yes. You get an introductory discount, then the next year they whack it up by £50. No incentive for loyalty there.
+1 for beware of Admiral, as I understand that they ask about attendance at speeding awareness courses and load the premium if you've been one.
if you put a value on yer time 40ph in my case, is it really worth spending hrs to save a few bob? just thought i would throw that in there.
Sorry Lord Fin .... my renewal was +£2500, I eventually got it for under £900, so I'll spend a few hours having a hunt . ... it can take all day to earn that sort of dollar.
WTF... just got this!!! Please do not reply to this email as replies will not be received. If you wish to email us, please use the 'Contact Us' link at the bottom of this email. Hello Paul, Confirmation of changes to your policy Policy Number : Pxxxxxxx A change has been made to your policy because a check of your details has highlighted a discrepancy. The information we hold differs from that recorded on documents we have received or on a policy, quote or claim from within our group. We can confirm that any change(s) to your policy will be outlined in your documents and summarised in the Schedule of Policy Changes, which you will find towards the bottom of this email. The change(s) will be effective from 01/03/2018 to the 01/03/2019. As a result of this change, there is a reduction of £88.75. This means there is no balance to pay. Please check your policy documents carefully and contact us if any details are incorrect. Your new Policy Schedule(s) confirms any changes to Excesses and Extra Conditions (endorsements) applying to your policy, your cover and limits. Please also read any ‘Insurance Product Information Documents’ we have provided. These summarise the key features of your insurance policy. There is a separate ‘Insurance Product Information Document’ for each of the products you have selected. Schedule of Policy Changes We have amended the No Claims Bonus on vehicle registration WXxxxxxxx to 11 (should be 12years with all the documents supplied, but hey ho). Useful Links Please note that replies to this email address will not be received. If you have any questions about your policy, our representatives are always happy to help. You can reach us using the 'Contact Us' link above. This email is sent for and on behalf of EUI Limited. EUI Limited is registered in England and Wales at Ty Admiral, David Street, Cardiff, CF10 2EH (Reg. No. 02686904). EUI Limited is authorised and regulated by the Financial Conduct Authority (Firm reference number: 309378). These details can be confirmed by visiting the Financial Services Register, http://www.fca.org.uk/register. EUI Limited acts for, and on behalf of, other regulated insurance companies. This email message is confidential and solely for the use of the intended recipient. If you are not the intended recipient of this email be advised that any use is strictly prohibited. Please delete this email and destroy any copies of it. EUI Limited does not accept responsibility for changes made to this message after it was sent. To view our privacy policy please click here. Security Warning: Please note that this email has been created in the knowledge that Internet email is not a 100% secure communications medium. We advise that you understand and accept this lack of security when emailing us. Viruses: Although we have taken steps to ensure that this email and any attachments are free from any virus, we advise that the recipient should ensure they are actually virus free. No responsibility is accepted by EUI Limited in this regard and the recipient should carry out such virus and other checks, as it considers appropriate.
In the 1960s there was an insurance company named the Fire Auto and Marine Insurance Company which offered very low-cost cover. Lots of people took out policies with them. It turned out to be a fraud set up by a man named Emil Savundra, and many victims lost their money. The moral is that the cheapest is not necessarily the best. https://en.wikipedia.org/wiki/Emil_Savundra
Insurance is a Cartel of companies.... We have to buy it...... and the best prices are within 1-2% all the same for the same cover..... amazing perfect market*?...NOT!!!! If us poor little Air Con people tried the same thing we'd all be in Clink! * a theoretical market in which buyers and sellers are so numerous and well informed that monopoly is absent and market prices cannot be manipulated. "in a perfect market, confidence in a brand should coincide exactly with its market share"
