SOHC.co.uk Forums > CB500/550

Insurance Value

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Nurse Julie:

--- Quote from: florence on June 13, 2022, 03:19:25 PM ---I must have been with them too long

--- End quote ---
Quite possibly.

SumpMagnet:
Insurance is a bizarre world!

I found my premiums went down last year by a bit, as I stopped commuting on it for 6 months, so was only usding it for pleasure...but they increased it when I was out of work. Apparantly...the unemployed are a higher risk as they 'may not be able to pay the policy excess' .... you what??? That was genuinely what I was told.

This year....my policy went down again as I am working. Less of an insurance risk commuting in London traffic than I was with no job.

MCTID:
I have had many a laugh with my Insurers over recent years....it's evolved into a bit of a 'sparring match' whenever I have phoned them up. The best one I recall is the long drawn out pause when I asked the Lady on the phone 'Are you taking the pi**' ? She seemed to have no real understanding of how risk and premiums are closely linked and interdependent, when I suggested that in order to reduce my premium on my second car (hardly used) that I could reduce my allowed mileage or change my cover from Comprehensive to 3rd party and she replied "it will make no difference to the premium'" !

As a bit of light relief, take a look at this video where Irish MP Pearse Doherty goes through the actual numbers of fraudulent claims each year by the main insurance companies. They don't come close to the claimed 20% the insurance companies say are happening. It's closer to 1% or fewer.

https://www.youtube.com/watch?v=Z6GyT5cV6jw

paul G:
I have 4 bikes insured with Bikesure all with agreed valuations £147

Nurse Julie:
The question that has been asked over the past few years that makes me chuckle with bike insurance is 'will you carry a pillion passenger'. Firstly, I'm not asked if I carry any passengers in my car, secondly, unless stated otherwise, a motorbike has provision for a passenger and thirdly, having questioned insurance companies about this at renewal, it makes absolutely no difference to the premium if you answer yes, or no 🙄🙄🙄😂😂😂😂😂

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