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Why do we pay for insurance.

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Trigger:
It is because you are lazy Green 1.
You go through your insurance company and they take advantage of you. With a motor trade policy you never do a claim unless it unaffordable to your pocket. A trade policy can cost around £12,000 so, when you have it down to a 70% claims discount you don't want it to go back to the 12K a year.
What we do if someone knocks one of our vehicles or a customers vehicles that is under our responsibly is, do the leg work : inform the third party insurance company that we will be making a claim against them. They will insist that we have to take our vehicle to one of there recognized repairer but, no we don't. We get 3 estimates for the repair and damages and they have to payout for the lowest quote. This protects your no claims and you get the full amount.

A insurance company will tell you, this is not the way they work but, they soon change there mind if you tell them that if they do not except your quotes for the work then, you will hand the paper work for the claim over to your motoring solicitors and they will also have to pick up his bill. Strange at this point they send out a cheque   ;)
   

Laverda Dave:
When I had an accident on my VFR in 1999 caused by an idiot who rammed me from behind (he didn’t see my red bike behind a yellow double decker bus!) the police insisted I go to hospital as I could hardly move my head. The police asked me where I wanted my damaged bike taken to. I told them HGB, where I had bought it two months earlier.  When I was released from hospital after being fitted with a collar I caught the train home & popped into HGB to inspect the damage.
As soon as I walked into the shop they ran through the cost of the repairs (£2,500!!!) and told me they would contact my insurance company.  They then said there was another VFR ready for me to ride away! When I said riding a bike was out of the question due to my neck injury they said ‘Dont worry about that, this is £750/week hire charge and your insurance company will have to pay it as you need the bike for work and once we tell them the hire cost they will tell us to repair your bike asap.  We do this all the time and it makes the insurance company act quickly’.
In addition to the hire bike they sent me to see their own solicitor upstairs who started dealing with my claim. When I told him I had this service on my insurance again he said the same thing, all insurance companies are slow to act but when a third party solicitor becomes involved they act quickly as they pay the solicitors fees!
My insurance company went berserk when I told them I had a hire bike they were paying for (not that I could even ride it!) and I also had a solicitor on the case. Within a week I was sent to a consultant who confirmed I had a bad whiplash injury that would re-occur two or three times more in the year (he was right, my neck would just lock-up for two days at a time without warning). HGB were told to repair the bike for the full amount and I received a payout of £1,800 for my injury.  All the above was within a month of the accident. The HGB solicitor also made sure all the costs were paid by the third party insurer, my NCB was not affected.
Insurance companies charge a fortune and when they have your money they just want an easy life unless they are pushed into acting quickly. I would always use an idependent solicitor now to ensure the insurance companies act as they are supposed to, for their client and not themselves.

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