Car insurance ? Guilty as charged !

[Patchelicious]

I am very calm, I am covered. I am also not having a go at you, nor was my "general" comment directed at you.

I am having a go at this mindset we have that corporates are always out to get us poor victims.

 

As for your buddy, if he does not report this irregular behavior he is just as liable.

Just because you know 1 cyclist who dopes, it does not mean that they all do.

[Brogue]

Two simple simple lessons here: Direct insurance is poison, and cheaper is not cheerful. Do your homework when looking for cover, look at the pros and cons of each quote, and automatically exclude the cheapest option. (it's cheap for a reason).

 

I advocate ALWAYS using a broker. Smaller brokers give better service than large corporate brokers. Their knowledge, support and clout during times of difficulty is PRICELESS. Remember brokers want to retain your business, whilst insurance companies are driven by numbers.

 

There are good brokers and good insurers out there, you just need to find them.

[Tromp]

I had one jump a stop street this morning and very nearly killed me ...... I managed to swerve out to my right.

 

What would the case be if I am on my bicycle (as per this morning) and my bike get written of by said pick... would his/her insurance payout or will they just say "sorry"?

At least you were "observant enough " . CIB Insurers would like that. If you were killed , not their problem. Then it is a third party claim from some government dept.

[JGR]

I am very calm, I am covered. I am also not having a go at you, nor was my "general" comment directed at you.

I am having a go at this mindset we have that corporates are always out to get us poor victims.

 

As for your buddy, if he does not report this irregular behavior he is just as liable.

Just because you know 1 cyclist who dopes, it does not mean that they all do.

Your 'general' comment referred to what I said so hard not to take it as directed to me. I don't buy into that mindset either but that is not the basis of my point either. The person in question is not my buddy and as for your example .... ill entertain it. Just because they don't get caught doesn't mean they don't do it

Edited June 25, 2014 by JGR

[JohanC]

Be very careful with Outsurance in doing this (repairing damage out of your own pocket to save the Outbonus). Here is a documented case where a client with a high value vehicle did this - he repaired the vehicle twice at his own expense - then the vehicle was written off and Outsurance started to investigate - they found out about the previous "losses" and repudiated the claim - their argument: the client's loss history would have influenced his risk profile and they would have adjusted his rates accordingly - therefor they didn't get their correct premium. The case went Outsurance's way.

You can check out the full detail here: http://www.moonstone...-vs-outsurance/

 

They are a bunch of cowboys!

 

As said above, nothing is "free" in this world. Costs and bonuses are worked into your premium. It's just a simple marketing scheme.

[JohanC]

Two simple simple lessons here: Direct insurance is poison, and cheaper is not cheerful. Do your homework when looking for cover, look at the pros and cons of each quote, and automatically exclude the cheapest option. (it's cheap for a reason).

 

I advocate ALWAYS using a broker. Smaller brokers give better service than large corporate brokers. Their knowledge, support and clout during times of difficulty is PRICELESS. Remember brokers want to retain your business, whilst insurance companies are driven by numbers.

 

There are good brokers and good insurers out there, you just need to find them.

 

[VicanZA]

Trompie what is you short fall? if you dont mind me asking..

 

are we talking 10k or 250k here and u need to replace a X5...

Edited June 25, 2014 by VicanZA

[Tromp]

Trompie what is you short fall? if you dont mind me asking..

 

are we talking 10k or 250k here and u need to replace a X5...

In the greater scheme if things, it is not a fortune. However, the principle remains. My only and reliable means of transport is written off not withstanding the fact that I had zero responsibility. Why should I be out of pocket, inconvenienced ,sitting with a scrapped piece of metal, etc. ( Or were you thinking of donating a car or some money ? Ha ha ) Edited June 25, 2014 by Tromp

[droo]

I had one jump a stop street this morning and very nearly killed me ...... I managed to swerve out to my right.

 

What would the case be if I am on my bicycle (as per this morning) and my bike get written of by said pick... would his/her insurance payout or will they just say "sorry"?

 

Definitely no apologies, that's admission of guilt...

[Hairy]

Definitely no apologies, that's admission of guilt...

chop did say "sorry I did not see you" ... must be hard missing a cyclist in bright clothing with a flashing light on his head that he purposefully mounted in order to LOOK at motorists at intersections and those suicidal traffic circles.

 

OP ... I would be hugely upset if i were in your shoes, as you stated, it is really and truly not your fault and now you have to pay!

[Skubarra]

" To late !!! " , she cried . With the benefit of hind-sight , this would be a perfect world. Outsurance had me sign an indemnity , indicating that I will not hold them responsible for administrating the claim. I know , I know. Crappy decision.

 

I know it is easy with hindsight but maybe you should have not signed the indemnity before you knew whether the other insurer is going to pay or not..

 

What did Outsurance say when you went back to them after finding out the insurer is not willing to pay the claim in full?

[BigDL]

It is not a theory it is fact. An isolated case is not grounds to declare a trend. Loss Ratio Percentage is Rand based not number of claims. = Claims paid - R / Premiums Collected - R

 

Sounds like your posts are directed at Direct Insurers (you say the manager was dealing with a claimant as well as having the directive to manage payouts).... I have a saying to my friends that insure direct, you might know it, as jy dom is moet jy ......

 

I have zero sympathy for people who try and save a quick buck by going direct and then crying when they try and claim.

 

General: Stop being cheapskate and a get a broker! It is their job to represent you to the insurers.

 

I am not even sure if I have a broker for vehicle insurance or if it is direct. I insured through Standard Bank Insurance but the policy is with Hollard. Would Standard Bank perform the same role as a Broker in this case? If not, can you perhaps recommend a broker?

[Starvin' Marvin]

I've had nothing but faultless service from Alexander Forbes. I'd rather pay abit more and not stress should I need to claim.

[JGR]

I am not even sure if I have a broker for vehicle insurance or if it is direct. I insured through Standard Bank Insurance but the policy is with Hollard. Would Standard Bank perform the same role as a Broker in this case? If not, can you perhaps recommend a broker?

No its sounds like Std Bank are selling you products underwritten by hollard - speak to cpt arm pies mayham. He is very clued up

[Eugene]

I had one jump a stop street this morning and very nearly killed me ...... I managed to swerve out to my right.

 

What would the case be if I am on my bicycle (as per this morning) and my bike get written of by said pick... would his/her insurance payout or will they just say "sorry"?

I was hit by a car. The driver claimed full responsibility until my insurers wanted the money back from her insurers. Anyway, after a lot of negotiations, her insurers paid my insurers 85% of the bike's damage. According to Indwe's legal team, 85% was a lot. They would have settled on 65%.

[plonker]

With the benefit of hindsight, we should all rather insure through brokers, instead of direct insurers, but that hardly helps Tromp.

 

Tromp, what exactly did you waive ? Surely, as you had no claim against your own insurer under the policy (you were covered for third party, fire & theft) you did not waive your right to be indemnified by your insurer against claims made against YOU by the third party?

 

In South African law, waivers are very strictly applied. It has often been held in our law that only a waiver by a person with full appreciation and knowledge of their rights will be enforced.

 

If your vehicle has been written off, the policy you have with your insurer automatically ends by operation of the law, because the subject matter, and purpose of the policy, no longer exists.

 

My understanding is that you waived your current rights (to receive an indemnity) in order to obtain future benefits ( the no - claims bonuses) on a policy that could never have paid a no - claims bonus since it no longer existed when you signed the indemnity.

 

In my view, it will be very difficult for the insurer to argue that your decision to sign the waiver, given this, was a properly informed decision, particularly if you advised the insurer that you were signing the indemnity to make sure that you retained your no claim bonus.

 

What I am suggesting is that it was incumbent upon the insurer to clarify that you were not entitled to a no -claim bonus, in any event, since the policy had terminated.