wannabeeahack wrote:
Insurance is pointless, IF you expect to get paid out on fully comp
Buy a car off a forecourt (say £10,000) on finance (so thats a £14,000 debt) and write it off the next day and the insurance may value it at £7000 (if your lucky) leaving you £7000 out of pocket, or you take out "GAP" insurance, that covers the £4K insurance but does it cover the difference bewteen sale price and trade/write off value?
then theres excess, usually so much as to make claiming pointless
Id reckon most People in the UK wouldnt bother to claim for repairs where no other party is involved for less than £700 as its not worth the grief...and that's money kept safely in the bank for the insurers and they know it.
Its one massive con ..it really does need looking into.
Bugger all will be done. These are the same conniving shiesters that bankrupted the banks.....
Login
Register
FAQ
