I think it is about time the insurance industry has a complete overhaul. For too long they have been robbing us all blind. People don’t make claims because they don’t want to lose their NCD. And the insurance company knows that. It is tantamount to legalised thievery.
The whole point of insuring your car or boat is cover any damage that may occur. So the company puts an excess on the policy and that means the things you would most likely want to claim for, computers,TV’s, glasses etc are not covered.
You pay them for bugger all. Then when you do claim they pay out reluctantly then recover what they paid by putting up the premium. It’s win-win situation for them! Robin Hood had nothing on these people. He was an rank amateur compared to insurance companies.
One boater recently:
claimed for some £300 glasses that went overboard. With a single item limit of £250 and an excess of £150 she was able to claim only £100. Her renewal came before the claim was paid out. She found it to be excessively high £160 (£250 over three years). The company told her that if she dropped the claim the premium would not increase.
Surely that is demanding money with menaces, a criminal offence.
Another boater says:
Craftinsure were v fair and helpful when I had to make a claim because of theft. The rate did go up, but they say it will go down again once I am 3 years no claim. I have asked others and I think Craftinsure premiums are very competitive.
What they meant was that the premium would go down when they had recovered the payout cost. Craftinsure are competitive they rob you as much as all the others.
Insurance companies are nothing more than legalised thieving agencies. The government don’t care cos they get a cut either way- on the tax paid on the premium or the stuff you purchase to DIY.
What gets me is we put up with it. We allow them to shaft us every year and say thank you for f***ing me up da ass. We are all dumb asses we deserve to get Fuqt. I would rather have the squits for a week than breathe the same air as an insurance company man.
30,000 boaters writing in to the ombudsman complaining they were being robbed would press a few buttons. 30 million car drivers doing the same might have an effect on car insurance.
I wonder what BW would do if every boater refused to insure their boat this year. Would they refuse to take the money for the licence? That would be 13% of their budget. They couldn’t section 8 all boats on the system. Having lost 13% of their income they couldn’t afford to.
We need to take a leaf out of Popeye’s book ‘That’s all I can stands cuz I can’t stands no more.
Nah sod it let’s assume the position and think of England. Brace yaself!