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[cem_devecioglu]

Cant say I made a mistake that wrote off somebodies pride and joy, almost destroyed another persons buisness and endangered the life of countless motorists. pedestrians and Police!

Blew a few trees up with home made explosive though.

one man, who knows many, need to make experiment..so thats very

normal and named as "scientific research"

I tell you what, it was one shite load more effective than we thought it would be ....and we only used an elastic band as a fuse!

you could blow up yourself

[Martin_1962]

Stealing cars - make him buy a new car for the victim first

Actually if he wants transport send him to a bike shop - Halfords are fine for that

[bappy]

for some reason people think that insurance companies are evil...

I work for one.

do you know what percentage of premiums are paid out on claims? 91%

that means on your £200 premium, 5% goes to the government on tax.

that leaves £190.48

10% goes to the broker in commission

that leaves £173.16

91% goes on paying for someone else's claim

that leaves £15.58 for the insurer

out of that £2 is spend posting you your policy booklet and documentation

this leaves £13.58 for the insurer.

out of that they have to pay their staff, run their offices etc

this will generally leave about a fiver as profit.

a 2.5% profit margin on a sale is absolutely crap for any business.

and the company I work for has one of the higest profitability ratings in the industry.

so sometimes I DO feel sorry for insurance companies who have to pay out for crimes like this one.

Oh and I forget. for each policy sold the insurer will likely have to pay £1 to the broker's software house and will also have to pay an amount to the ABI to cover uninsured drivers killing people.

[mantahatch]

I am not religious, but let he who is without sin cast the first stone.

Personally I think he did right, I mean totalling a superpoo is to be commended, maybe just maybe there will be one less a**hole in a superpoo trying to kill the rest of us.

This can be seen from many differing poits of view.

Mike

[bappy]

I am not religious, but let he who is without sin cast the first stone.

Personally I think he did right, I mean totalling a superpoo is to be commended, maybe just maybe there will be one less a**hole in a superpoo trying to kill the rest of us.

This can be seen from many differing poits of view.

Mike

maybe, but i expect mr superpoo's insurance bought him a new one !

[Marks DTM Calib]

Cant say I made a mistake that wrote off somebodies pride and joy, almost destroyed another persons buisness and endangered the life of countless motorists. pedestrians and Police!

Blew a few trees up with home made explosive though.

one man, who knows many, need to make experiment..so thats very

normal and named as "scientific research"

I tell you what, it was one shite load more effective than we thought it would be ....and we only used an elastic band as a fuse!

you could blow up yourself

Its ok, it was a long one!

[bappy]

Cant say I made a mistake that wrote off somebodies pride and joy, almost destroyed another persons buisness and endangered the life of countless motorists. pedestrians and Police!

Blew a few trees up with home made explosive though.

one man, who knows many, need to make experiment..so thats very

normal and named as "scientific research"

I tell you what, it was one shite load more effective than we thought it would be ....and we only used an elastic band as a fuse!

you could blow up yourself

Its ok, it was a long one!

you'll have to post that in th ehow to section

[mantahatch]

I am not religious, but let he who is without sin cast the first stone.

Personally I think he did right, I mean totalling a superpoo is to be commended, maybe just maybe there will be one less a**hole in a superpoo trying to kill the rest of us.

This can be seen from many differing poits of view.

Mike

maybe, but i expect mr superpoo's insurance bought him a new one !

Agreed   I wish insurance companies would stop insuring impreza and evo's. They are the worst possible cars in the wrong hands, and believe me round here they are in the wrong hands.
Keep them on the track where they belong.

Mike

[waspy]

Cant say I made a mistake that wrote off somebodies pride and joy, almost destroyed another persons buisness and endangered the life of countless motorists. pedestrians and Police!

Blew a few trees up with home made explosive though.

one man, who knows many, need to make experiment..so thats very

normal and named as "scientific research"

I tell you what, it was one shite load more effective than we thought it would be ....and we only used an elastic band as a fuse!

you could blow up yourself

Its ok, it was a long one!

Did you stretch it before lighting

[bappy]

I am not religious, but let he who is without sin cast the first stone.

Personally I think he did right, I mean totalling a superpoo is to be commended, maybe just maybe there will be one less a**hole in a superpoo trying to kill the rest of us.

This can be seen from many differing poits of view.

Mike

maybe, but i expect mr superpoo's insurance bought him a new one !

Agreed   I wish insurance companies would stop insuring impreza and evo's. They are the worst possible cars in the wrong hands, and believe me round here they are in the wrong hands.
Keep them on the track where they belong.

Mike

my company says you have to be 46 yrs old to drive one lol

they dont like high risk vehicles. although they do insure lots of old people with automatic fiestas and corsas... im not sure that that isnt higher risk!

[shanjon]

for some reason people think that insurance companies are evil...

I work for one.

do you know what percentage of premiums are paid out on claims? 91%

that means on your £200 premium, 5% goes to the government on tax.

that leaves £190.48

10% goes to the broker in commission

that leaves £173.16

91% goes on paying for someone else's claim

that leaves £15.58 for the insurer

out of that £2 is spend posting you your policy booklet and documentation

this leaves £13.58 for the insurer.

out of that they have to pay their staff, run their offices etc

this will generally leave about a fiver as profit.

a 2.5% profit margin on a sale is absolutely crap for any business.

and the company I work for has one of the higest profitability ratings in the industry.

so sometimes I DO feel sorry for insurance companies who have to pay out for crimes like this one.

Oh and I forget. for each policy sold the insurer will likely have to pay £1 to the broker's software house and will also have to pay an amount to the ABI to cover uninsured drivers killing people.

sorry but you are not going to get me to feel sorry for any insurance company
first off we under no circumstances should be paying for someone elses claim, i thought that was the idea of building up no claims bonus to show you are a safe driver ,
basically insurance companies are ripping us off left right and centre , for example last month my renewal came in at £688 f/c 5 years no claims and thats £150 more than last year
(so whats the point in a no claims bonus?  ) because the price sure is not going down

[bappy]

for some reason people think that insurance companies are evil...

I work for one.

do you know what percentage of premiums are paid out on claims? 91%

that means on your £200 premium, 5% goes to the government on tax.

that leaves £190.48

10% goes to the broker in commission

that leaves £173.16

91% goes on paying for someone else's claim

that leaves £15.58 for the insurer

out of that £2 is spend posting you your policy booklet and documentation

this leaves £13.58 for the insurer.

out of that they have to pay their staff, run their offices etc

this will generally leave about a fiver as profit.

a 2.5% profit margin on a sale is absolutely crap for any business.

and the company I work for has one of the higest profitability ratings in the industry.

so sometimes I DO feel sorry for insurance companies who have to pay out for crimes like this one.

Oh and I forget. for each policy sold the insurer will likely have to pay £1 to the broker's software house and will also have to pay an amount to the ABI to cover uninsured drivers killing people.

sorry but you are not going to get me to feel sorry for any insurance company
first off we under no circumstances should be paying for someone elses claim, i thought that was the idea of building up no claims bonus to show you are a safe driver ,
basically insurance companies are ripping us off left right and centre , for example last month my renewal came in at £688 f/c 5 years no claims and thats £150 more than last year
(so whats the point in a no claims bonus?  ) because the price sure is not going down

im sorry but thats just a stupid suggestion.

how else do you expect a claim to be paid?

your renewal was £688. would like £688 to be the limit of your claim? if you have a 10 grand car that gets written off and needs replacing, wheres the 10 grand going to come from? you can't magic up money from no-where (as much as the government may try)

[Del Boy]

I've just been talking to my mate & he's just told me his son's been quoted £3,900 for insurance for his 52 reg Peugeot 206
The reason is, about two years ago when he was 17, he stole a Imprezza from Notts & ragged up the A52 with the whole Nott's Police force on his his tale, after that he stuffed it through a shop window. So now he wants to be good, do the right thing & now he's paying for it. Some insurance companies quoted him nearly £7,000. Bloody hell
He's just failed his retest that you have to do to get your licence back & so now has to wait till january for a re-take.
IMHO he's a good lad, but just got in with the wrong crowd when he was younger & paying for it now

You reap what you sow.....I have no sympathy in this case sadly

Have to agree.

[Lizzie_Zoom]

for some reason people think that insurance companies are evil...

I work for one.

do you know what percentage of premiums are paid out on claims? 91%

that means on your £200 premium, 5% goes to the government on tax.

that leaves £190.48

10% goes to the broker in commission

that leaves £173.16

91% goes on paying for someone else's claim

that leaves £15.58 for the insurer

out of that £2 is spend posting you your policy booklet and documentation

this leaves £13.58 for the insurer.

out of that they have to pay their staff, run their offices etc

this will generally leave about a fiver as profit.

a 2.5% profit margin on a sale is absolutely crap for any business.

and the company I work for has one of the higest profitability ratings in the industry.

so sometimes I DO feel sorry for insurance companies who have to pay out for crimes like this one.

Oh and I forget. for each policy sold the insurer will likely have to pay £1 to the broker's software house and will also have to pay an amount to the ABI to cover uninsured drivers killing people.

sorry but you are not going to get me to feel sorry for any insurance company
first off we under no circumstances should be paying for someone elses claim, i thought that was the idea of building up no claims bonus to show you are a safe driver ,
basically insurance companies are ripping us off left right and centre , for example last month my renewal came in at £688 f/c 5 years no claims and thats £150 more than last year
(so whats the point in a no claims bonus?  ) because the price sure is not going down

im sorry but thats just a stupid suggestion.

how else do you expect a claim to be paid?

your renewal was £688. would like £688 to be the limit of your claim? if you have a 10 grand car that gets written off and needs replacing, wheres the 10 grand going to come from? you can't magic up money from no-where (as much as the government may try)

Yep, that is how insurance works with the customer paying into a 'fund' by way of their premiums that the underwriters will use to cover the millions of pound of claims they will have to honour!

That is how the underwriters at Lloyds of London work, using investors money in addition to premiums, when covering insured ships, planes, commercial property, like oil riggs and refineries, etc, etc. ready for claims

[bappy]

for some reason people think that insurance companies are evil...

I work for one.

do you know what percentage of premiums are paid out on claims? 91%

that means on your £200 premium, 5% goes to the government on tax.

that leaves £190.48

10% goes to the broker in commission

that leaves £173.16

91% goes on paying for someone else's claim

that leaves £15.58 for the insurer

out of that £2 is spend posting you your policy booklet and documentation

this leaves £13.58 for the insurer.

out of that they have to pay their staff, run their offices etc

this will generally leave about a fiver as profit.

a 2.5% profit margin on a sale is absolutely crap for any business.

and the company I work for has one of the higest profitability ratings in the industry.

so sometimes I DO feel sorry for insurance companies who have to pay out for crimes like this one.

Oh and I forget. for each policy sold the insurer will likely have to pay £1 to the broker's software house and will also have to pay an amount to the ABI to cover uninsured drivers killing people.

sorry but you are not going to get me to feel sorry for any insurance company
first off we under no circumstances should be paying for someone elses claim, i thought that was the idea of building up no claims bonus to show you are a safe driver ,
basically insurance companies are ripping us off left right and centre , for example last month my renewal came in at £688 f/c 5 years no claims and thats £150 more than last year
(so whats the point in a no claims bonus?  ) because the price sure is not going down

im sorry but thats just a stupid suggestion.

how else do you expect a claim to be paid?

your renewal was £688. would like £688 to be the limit of your claim? if you have a 10 grand car that gets written off and needs replacing, wheres the 10 grand going to come from? you can't magic up money from no-where (as much as the government may try)

Yep, that is how insurance works with the customer paying into a 'fund' by way of their premiums that the underwriters will use to cover the millions of pound of claims they will have to honour!

That is how the underwriters at Lloyds of London work, using investors money in addition to premiums, when covering insured ships, planes, commercial property, like oil riggs and refineries, etc, etc. ready for claims

thanks liz  

insurance is a service, not a product.

the law requires us to have TPO cover. It's our own choice if we want to buy a comprehensive service (to cover damage etc to our own vehicles) at sometimes double the premium.

its the same as buying a protection plan for your central heating with british gas. if you call them out 3 times in a year then you have got more money's worth of service from british gas than if you had paid for 3 callouts. british gas rely on people buying a protection plan, then not using it, to pay for those who need to call them out regularly.