My neighbour in her late 60's drives a small motorbike (Honda 50) for years. The bike is serviced fairly often and kept well and is used for the occasional two mile journey into the city. The owner even does no right turns. She is harmless.
Her garage was broken into recently and the motorbike was stolen. The robber was caught red-handed by the Gardaí minutes after taking the bike and leaving the scene. He had broke some mechanism to get the bike started.
My neighbour reported the damage to the insurance company and although comprehensively insured she was informed the first €140.00 damage was to be paid by her. The bike could be started so the insurance people would not provide a collection service for the bike. I brought the motorbike to the garage in my van for quote and repair. The repair would cost €400.00.
Again my neighbour contacted the motor insurance company and was advised they would cover the amount over €140.00 only (€260.00). But, her no claims bonus would be affected over some years to come and before her insurance amount would be around equal to what she is now paying she would pay more than €900.00 over the odds.
The Result:- My neighbour paid the garage the entire amount and common sense dictated that she should not claim through her insurer.
Questions:- (a) What is the point in her paying for insurance? (b) Are motor insurers official legalised scam masters?
I saw a billboard sign recently paid for by a motor insurance company asking the public to report fraudsters i.e. do their job for them.
What is the difference here between a Fraudster and the Insurance Companies? Both seem to be screwing the innocent customer. Next time I see a billboard advertisement against Fraudsters, I think, I'll attach my contact details so that I can be of help to the fraudster.
Her garage was broken into recently and the motorbike was stolen. The robber was caught red-handed by the Gardaí minutes after taking the bike and leaving the scene. He had broke some mechanism to get the bike started.
My neighbour reported the damage to the insurance company and although comprehensively insured she was informed the first €140.00 damage was to be paid by her. The bike could be started so the insurance people would not provide a collection service for the bike. I brought the motorbike to the garage in my van for quote and repair. The repair would cost €400.00.
Again my neighbour contacted the motor insurance company and was advised they would cover the amount over €140.00 only (€260.00). But, her no claims bonus would be affected over some years to come and before her insurance amount would be around equal to what she is now paying she would pay more than €900.00 over the odds.
The Result:- My neighbour paid the garage the entire amount and common sense dictated that she should not claim through her insurer.
Questions:- (a) What is the point in her paying for insurance? (b) Are motor insurers official legalised scam masters?
I saw a billboard sign recently paid for by a motor insurance company asking the public to report fraudsters i.e. do their job for them.
What is the difference here between a Fraudster and the Insurance Companies? Both seem to be screwing the innocent customer. Next time I see a billboard advertisement against Fraudsters, I think, I'll attach my contact details so that I can be of help to the fraudster.