Update on BMW's Insurance Claim

[RantyDave]

I am still totally in favour of compulsory 3rd party insurance.

Why should WE have to fight to have our excess returned and our no claims reinstated because WE had to claim on OUR insurance simply cos he was either too young and stupid or had a driving record too poor to mean insurance was not financially viable for him??

Part of the lunacy is, of course, that if 3rd party insurance was compulsory then it would be cheaper.

In the UK you have to show a current insurance document to be able to pay your road tax. You pay your road tax to get a tax disk which has to be visible or you'll be ticketed or towed. There are people desperate enough to get around it, but it proves to be a big pain in the arse.

Dave

[judecatmad]

Part of the lunacy is, of course, that if 3rd party insurance was compulsory then it would be cheaper.

In the UK you have to show a current insurance document to be able to pay your road tax. You pay your road tax to get a tax disk which has to be visible or you'll be ticketed or towed. There are people desperate enough to get around it, but it proves to be a big pain in the arse.

Dave

AND it's an instant GBP3000 fine and 9 points on your licence if you're caught driving without insurance (12 points is loss of licence) - last time I was bothered about the road rules over there anyway (6 years ago).

Not that I'm saying NZ should be just like the UK...as discussed in the compulsory insurance thread! (which, I guess, is where this comment belongs...why oh why did you raise the compulsory insurance thing again Ixion?! You know I can't help myself! LOL)

[mstriumph]

Is one reason why I don't bother with insurance. You pay them lots of money , little chance of them fulfilling their end of the deal. Anyone still keen on compulsary insurance?

...... i've always been suspicious of life insurance salesmen ..... i mean, what TACTICS they must employ to sell a person something they'll NEVER be able to collect on?

[ManDownUnder]

Contact the Insurance Ombudsman or Insurance Council.

They're generally ok people but doesn't understand that non Insurance people see insurance as a tax - they see it as a service and value for money

[Jamezo]

Part of the lunacy is, of course, that if 3rd party insurance was compulsory then it would be cheaper.

Really? I haven't seen any evidence either way, but simple economics would tend to dictate that insurance costs would increase, as the insurance companies would only have to compete amongst themselves, rather than competing against the currently valid option of no insurance.

EDIT: 636th post, w0000000000000000000000000t!

[Paul in NZ]

The dudes in Aussie say CTP insurance has risen when made compulsary (CTP = Compulsary Third Party)

[Lias]

Not the first threat on KB about Swann being a pack of bloodsucking leeches. I'm entirely sure it wont be the last..

This is the same company that wanted to give me a $2300 excess on a $6000 bike, purely on the grounds of a 4.5 year old assault conviction.

[Beemer]

Didn't you say in your earlier thread that you had NOT advised them of the demerit points/offences you had incurred PRIOR to taking out the policy? You mention something about not having to tell them of offences unless they result in loss of licence, etc but I would imagine that is once you have an existing policy with them, not when you are asking them to take you on as a client in the first place.

If that is the case, and you applied for insurance with them without disclosing you already had numerous offences, then I don't think anyone is going to be able to help you. Failure to disclose offences that may affect the likelihood of them taking you on or which would make them charge a higher premium or excess would be perfectly legal grounds for them refusing to pay out any subsequent claims.

I think you will find this is true of any insurance company (except maybe that ebike one that guy is flogging) and you could end up losing even more money if you try fighting this.

[Bloody Mad Woman (BMW)]

I am with Swann!

Strongly suggest you change to another insurance co.

[Bloody Mad Woman (BMW)]

Didn't you say in your earlier thread that you had NOT advised them of the demerit points/offences you had incurred PRIOR to taking out the policy? You mention something about not having to tell them of offences unless they result in loss of licence, etc but I would imagine that is once you have an existing policy with them, not when you are asking them to take you on as a client in the first place.

If that is the case, and you applied for insurance with them without disclosing you already had numerous offences, then I don't think anyone is going to be able to help you. Failure to disclose offences that may affect the likelihood of them taking you on or which would make them charge a higher premium or excess would be perfectly legal grounds for them refusing to pay out any subsequent claims.

I think you will find this is true of any insurance company (except maybe that ebike one that guy is flogging) and you could end up losing even more money if you try fighting this.

When I first registered with the insurance company I had no fines whatsoever. And as it states clearly in black and white in the policy - they don't need to be notified unless I have lost my licence! I was very tempted to say to them can't ya fn read or understand ya own policies!

[LilSel]

Eeeeeeek....

I have a set of forms to fill out for insurance with Swann...
sounds like maybe I should not insure with them by the sounds of it....

what to do?? rip them up and get quote from another company?
any suggestions?

[Beemer]

When I first registered with the insurance company I had no fines whatsoever. And as it states clearly in black and white in the policy - they don't need to be notified unless I have lost my licence! I was very tempted to say to them can't ya fn read or understand ya own policies!

That's a really odd policy if they state you only need to advise them if the offences change your licence eligibility, most state you have to advise them of all offences when your policy comes up for renewal. If that is the wording in their policy then you would have a good case, but I do find it bizarre.

I'd certainly be keen to know the outcome as I am also insured with them. However the document I filled out included sections where you had to list any traffic offences in the last five years - I only signed up a few weeks ago so I'm still waiting for my policy documents but I'll be going through them with a fine toothed comb when they arrive!

[Bloody Mad Woman (BMW)]

My advice is dont go with Swann Insurance. They take ages to process a claim, don't return calls and then rip you off!

[Paul in NZ]

Not the first threat on KB about Swann being a pack of bloodsucking leeches. I'm entirely sure it wont be the last..

This is the same company that wanted to give me a $2300 excess on a $6000 bike, purely on the grounds of a 4.5 year old assault conviction.

Yeah well assaulting 4.5 year olds is pretty serious stuff mate....

[crashe]

Im with Swan Insurance... and Im just about to sign on the dotted line as the form is being mailed to me tonight and I am getting a nice pay out on my bike for the damage done to it... So then I can get it all fixed back up again...

No they didnt write it off...

Accident happened 16th Feb 2006.
I did ring them and tell them about the harrassment I was getting from the other insurance company.
They have my ph call on record and they told me to wait until the police decide.
As soon as the police letter arrived I rung Swan...

In the forms I filled out disclosing my speeding ticket - which is debatable (2006) and my car vs car incident... (few years back but I owned my bike when this happened) no questions asked at all.

They have since paid out in full to the other company of damage done to the other vehicle as the police finally after 8 months decided I was at 'fault'.

I went in on the 5th Oct to drop off all the forms..... and I got the ph call this afternoon.
My bike was assessed on the 10th Oct

18th Oct all sorted.