Insurance charges

[fatpies]

I was just thinking... dangerous I know but bear with me.

The banks have NEVER let a bank charges case go to court because they know they will lose. Essentially there is somewhere written down I am unsure as to where, that says banks cannot charge excessively bank charges in relation to the actual cost of the service and or charge it relates to.

Therefore knock on effects are generally frowned upon. Whereby if you go 2p overdrawn they send you a letter which costs £25, which puts you further overdrawn which they send you another letter which you get charged £25 for and so on.

Course banks have tried to moderate this by saying you have 1 day overdraft, if you top it up nothing further happens.


It got me thinking post Drunken BCF ranting last night.

Insurance companies charge £25 to change your details right? And as time has worn on people have just bent over and taken it.

So what prevents a similar case of the consumers saying to the insurance companies, in a similar manner to the banks.

No I will not bend over and pay your £25. As £25 is excessive for changing a couple of lines on a database, manned by some monkey on less than peanuts in India or somewhere. If it is manned at all.

Which then uses mail merge and an automated printing process to send you updated insurance certificate. I mean there isn't somebody actually there who phones the MIB and manually updates it do they? And even then it wouldn't take them FOUR hours at min wage to do this would it?

What says you mighty BCF?


In that I'm always passing nice tidy bikes for a good price but think meh but I'll have to change the insurance and it'll cost me XX. I mean think of the tangible benefit if it cost £1 or something or even £3 to change it you could build up a mighty collection to rival that of Kickstart. Rather than think ooh I'll have to pay this excessive admin fee....


Of course the flip side is the insurance co.s will find another manner in which to gouge us and gouge us HARD. Like the banks lost money bah! They just blackmailed the government to give them 200billion squids.
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"It's easy to attack and destroy an act of creation. It's a lot more difficult to perform one"

[DrDonnyBrago]

Are you still drunk?

[paddlesat16]

I think he's got a point
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I once saw a bloke shagging a donkey.... in Saudi arabia. Theory Test Passed 26/10/09 Mod 1 Passed 26/4/10, Mod 2 Passed 7/6/10 Current Bikes Suzuki GSX1400 K5, Aprillia Pegaso 650, Suzuki DR350T.

[DrDonnyBrago]

[Rogerborg]

He sounds drunk and horny.

Outwith the initial 14 days, there's no statutory duty on insurers to limit their charges. You'd have to argue that the contract (that you agreed to) is so unreasonable as to be unenforceable, which could go either way.

eBikeInsurance never charged me a penny for making loads of (separate) changes to a policy. Whether that helps you by showing that it's possible to run a business that way, or harms you by showing that you could have made an alternative choice of insurer, is again something that you'd have to put before a court.

Go on, it should be a laugh.
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Biking is 1/20th as dangerous as horse riding.
GONE: HN125-8, LF-250B, GPz 305, GPZ 500S, Burgman 400 // RIDING: F650GS (800 twin), Royal Enfield Bullet Electra 500 AVL, Ninja 250R because racebike

[TheBikerStig]