SOHC.co.uk Forums > CB750
Recovered CB750F1 - fixing broken stuff!
theriddler:
Yes - that was the second call I made , the first one being to the police ... I wonder if I will see some form of premium increase as a result regardless of not actually making a claim!?!
hairygit:
Possibly, but at least they are aware. Might be worth alarming the garage to make a repeat attempt harder, plus the insurers will view it favourably.
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Laverda Dave:
Insurance companies base premiums on the theft rates of a particular postcode. Even if you call in to the insurance company to advise a bike was stolen from a particular area and not subsequently claim as far as the insurance company are concerned thieves operate in that area and hey presto, the premiums go up for that area!
All the above apply to household and car/caravan and boat insurance policies.
Insurance is legalised mugging as far as I'm concerned, by law you have to have it (well, the majority of road users do) but why are the premiums so high when you don't claim? I have claimed once in 40 years and still my premiums are high. When I ask the insurance companies for an explanation I'm told its where I live, my job, my age, I'm not married, I'm a man, I ride a motorbike etc, etc, etc!
hairygit:
But equally Odd-job, the proposal forms ask about ANY accident or loss, regardless of whether a claim was made or not. Fail to disclose at your peril, they will use any excuse not to pay out if you do need to claim in the future. Police and insurers are closely linked these days, they'll happily take your money for premiums, but if they do a cross check with the Police about the vehicle being involved in any accident / incident, they won't pay out.
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Laverda Dave:
I agree with Hairy, any excuse not to pay out is the first line of defence of the insurance companies. Strangely enough they don't mention their tactics when they are attempting to lure you into their clutches!
Oddjob, my point entirely, I claimed once, 19years ago when I knocked off my 6month old VFR. The claim cost £2,300. Over 40years of insurance I must have paid at least £15k in premiums and yet my policy still increases. I can't wait for the day of my renewal when the insurance company's says, “Dave, you've not made a claim in 19 years, you've been with us for 24 years so have next years insurance on us foc“! 🙄
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