excess?

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milsy		excess?	25-10-2012 @ 13:35
Ne n coner a fuickex .ay ouse part we .be Member 1425, 4647 posts SQ 340, BP 227.5, DL 335 902.5 kgs @ 125kgs UnEq	Is anyone currently insuring there excess to bring down there car insurance In other words sticking a £1000 excess on your policy and then insuring that excess with another company for say £50 been dealing with a company that create these policys and it seems a good way of bringing insurance premiums down just Wonderd if anyon was currently doing it or would be interested ?

drew		...	25-10-2012 @ 13:41
I thought Joplin choked on a sandwich? Member 616, 8404 posts SQ 180, BP 130, DL 220 530.0 kgs @ 78.8kgs UnEq	Mine is due end of next month. Sounds too good to be true in a way

Adam_F		...	25-10-2012 @ 13:41
conventional all the way ! Member 1980, 1201 posts SQ 217.5, BP 137.5, DL 255 610.0 kgs @ 98kgs UnEq	Never heard of that practice before! I just have the excess as high as possible anyway...f**kers never pay out full value at any rate

slimsim		...	25-10-2012 @ 13:45
My asshole is not watertight. Member 2926, 6050 posts SQ 217.5, BP 107.5, DL 225 550.0 kgs @ 86kgs UnEq	Does it make much of a difference in reality? I thought insurers were worried about boy racers causing claims for millions by maiming some poor pedestrian, or killing their passengers, not so much a grands worth of damage here and there. You could probably find a company to insure the insurance excess insurance policy if you looked hard enough!!

drew		...	25-10-2012 @ 13:48
I thought Joplin choked on a sandwich? Member 616, 8404 posts SQ 180, BP 130, DL 220 530.0 kgs @ 78.8kgs UnEq	Adam_F said:Never heard of that practice before! I just have the excess as high as possible anyway...f**kers never pay out full value at any rate When I wrote my car off last week they rang me up and offered me an extra £100 as the engineers thought the original quote was too low. £1100 for a 12 year old 998cc 80,000 yaris is more than I expected

shanejer		...	25-10-2012 @ 13:48
Member 1307, 14110 posts SQ 355, BP 240, DL 370 965.0 kgs @ 102kgs UnEq	Adam_F said:Never heard of that practice before! I just have the excess as high as possible anyway...f**kers never pay out full value at any rate They scope for it at local market rate if quotes are around that figure they settle in full, average increase companys put on when it's through insurance is 50% !

Tom_Martin		...	25-10-2012 @ 13:48
No one believed him anyway. Member 958, 11411 posts SQ 410, BP 215, DL 425 1050.0 kgs @ 100kgs UnEq	Tell me more! My excess is a bag of sand. plus another 400 for being under 25. I can't offer a higher excess. Is there money to be saved for me? Or would I just be paying less excess in the event of a claim?


shanejer		...	25-10-2012 @ 13:57
Member 1307, 14110 posts SQ 355, BP 240, DL 370 965.0 kgs @ 102kgs UnEq	Post Edited: 25.10.2012 @ 13:58 PM by shanejer never heard of this before so just read policy wording (cos i'm an insurance nerd) Seems a bit s**t, alot of general exclusions and limits and terms and conditions to be met E.G not taking reasonable care & will not pay for claims for glass only

milsy		...	25-10-2012 @ 13:59
Ne n coner a fuickex .ay ouse part we .be Member 1425, 4647 posts SQ 340, BP 227.5, DL 335 902.5 kgs @ 125kgs UnEq	Tom_Martin said:Tell me more! My excess is a bag of sand. plus another 400 for being under 25. I can't offer a higher excess. Is there money to be saved for me? Or would I just be paying less excess in the event of a claim? Unfortunatly it won't work for you tom in terms of bringing your insurance down but it would mean you pay less if you claim The example where it works is when a person is fully comp say there premium with a 250 excess is around £1800 With a £1000 pound excess it becomes 1500 you cover that excess for 50 and then in the end you are paying 1550 so a 150 pound saving and 200 saving on your excess in the event of a claim I will get my hands on the paper work and see what I make of it but from what iv heard this will be the next big thing in vehicle insurance

shanejer		...	25-10-2012 @ 14:01
Member 1307, 14110 posts SQ 355, BP 240, DL 370 965.0 kgs @ 102kgs UnEq	I wouldn't get to sucked in, insurance is there to make money so the risk/reward will have to be high enough hence all the exclusions and policy conditions . don't be surprised if they kick it out

milsy		...	25-10-2012 @ 14:04
Ne n coner a fuickex .ay ouse part we .be Member 1425, 4647 posts SQ 340, BP 227.5, DL 335 902.5 kgs @ 125kgs UnEq	shanejer said:I wouldn't get to sucked in, insurance is there to make money so the risk/reward will have to be high enough hence all the exclusions and policy conditions . don't be surprised if they kick it out Lol cheers shane you don't work for wns do you ? Just wanted to see what interest there was because are business are looking into selling these policy on a commission basis

shanejer		...	25-10-2012 @ 14:06
Member 1307, 14110 posts SQ 355, BP 240, DL 370 965.0 kgs @ 102kgs UnEq	i'm a incident manager for axa house hold but have had a pop into the car insurance section for a few weeks . i'm in the fraud section so get to investigate the good ones

Rico		...	25-10-2012 @ 14:13
Sugdens very own David Dimbleby Member 1403, 3716 posts SQ 220, BP 115, DL 260 595.0 kgs @ 97kgs UnEq	I pay 600 odd fully comp for a 2003 1.4 sport polo with 80k. Policy is in my name with my mum and dad on as named drivers. Churchill. 22 years old and 2 years ncb.

slimsim		...	25-10-2012 @ 14:17
My asshole is not watertight. Member 2926, 6050 posts SQ 217.5, BP 107.5, DL 225 550.0 kgs @ 86kgs UnEq	milsy said: Just wanted to see what interest there was because are business are looking into selling these policy on a commission basis YOU READ IT HERE FIRST! The next big financial services scandal along with endowments, PPI and final salary pension transfers! Give it 10-years.

stephen9069		...	25-10-2012 @ 21:44
Frequents the HOUSE of GAIN. Member 3836, 4233 posts SQ 225, BP 200, DL 300 725.0 kgs @ 119kgs UnEq	the cheapest quote i got for a 7 seater honda was £5500 and the car is only worth £600 it dont help that i just got 8 points and my no claims had expired 3 months ago

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