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Insurance renewal scam


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Hi just got a renewal they have doubled the price of my insurance because in there words they have revised the way they calculate policies. Obviously in there favour. Anyone know whats changed :confused:

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Hi just got a renewal they have doubled the price of my insurance because in there words they have revised the way they calculate policies. Obviously in there favour. Anyone know whats changed :confused:

 

No, nothing industry wide. But I do know what should be changed....

 

your insurance company! :D

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Echo what crem has said - there appears to have been a general 10-15% increase over last year, or a variation when coupled with an increase in the excess, which makes it virtually impossible to calculate.

 

This is another reason why you should NEVER pay your insurewr with plastic, as the industry standard is to treat this as a recurring payment facility, and at month 11, they bill for the following year if the policyholder does not cover them.

 

One to watch!

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