27-01-2012, 02:46 PM
To be fair its a vicious circle insurance and claims insurance goes up because of big claims people pursue bigger claims beacuse of increased insurance costs. However despite of this insurance companys still make massive profits for what giving you a piece of paper really. Yes theres more to it but thats what you get in affect. Over the past 4 years iv paid a total of nearly £5k for insurance which probably around 98% of that will be pure profit after no claims made on them. 2% admin costs wages letters etc but even then how many insurance companys try and charge an admin charge for swopping insurance over! (above is estimations based on no facts lol)
One thing im finding interesting really is i was involved in an accident over christmas. I have now been appointed a solicitor (at £250 P/H!) to cover loss of earnings and cost iv made as a result of the accident, they are also pursuing an injury claim to which at no point have i mentioned a whiplash injury they have assumed i have with the injurys i have given them. My insurance have said i have got it and so too have the doctors. so the insurance and solicitors are pretty much encouraging whiplash claims, and more than likely moaning when a claim is made against it (vicious circle again) Now i was involved in an accident where i was hit from behind at around 30mph and did have injuries mainly a knee injury due to being on the foot brake at the time. I was then nudged into the back of a big old saab at less than 5mph which sustained no damage. The driver and there passengers are trying to claim for whiplash and more injuries than i actually had and i was the one who took the biggest hit! But as mentioned in the op its not actually the compensation that puts prices up its the solicitor and insurance fees that bump it all up too! so lets say a compensation of £5k was given an extra £4,300 is paid in fees so thats a total of £9,300 there before cost of repairs or write offs. my policy covers upto £150,000 in legal fees that shows how ridiculous its getting now.
One thing im finding interesting really is i was involved in an accident over christmas. I have now been appointed a solicitor (at £250 P/H!) to cover loss of earnings and cost iv made as a result of the accident, they are also pursuing an injury claim to which at no point have i mentioned a whiplash injury they have assumed i have with the injurys i have given them. My insurance have said i have got it and so too have the doctors. so the insurance and solicitors are pretty much encouraging whiplash claims, and more than likely moaning when a claim is made against it (vicious circle again) Now i was involved in an accident where i was hit from behind at around 30mph and did have injuries mainly a knee injury due to being on the foot brake at the time. I was then nudged into the back of a big old saab at less than 5mph which sustained no damage. The driver and there passengers are trying to claim for whiplash and more injuries than i actually had and i was the one who took the biggest hit! But as mentioned in the op its not actually the compensation that puts prices up its the solicitor and insurance fees that bump it all up too! so lets say a compensation of £5k was given an extra £4,300 is paid in fees so thats a total of £9,300 there before cost of repairs or write offs. my policy covers upto £150,000 in legal fees that shows how ridiculous its getting now.
Perv 106 1.4 xs First Pug Love - Scrapped
Perv 306 1.6 5 Door Hore - Sold
110bhp 207 Hdi Sport - Used as a Brake
173bhp T25 Ph1 Diablo Dturbo - Scrapped
Thirsty Bitch Volvo 850 Estate - Sold
51bhp Berlingo Nad DT Van - Sold
Slow as f*ck Dispatch Work Horse
www.prestige-auto-care.co.uk
Perv 306 1.6 5 Door Hore - Sold
110bhp 207 Hdi Sport - Used as a Brake
173bhp T25 Ph1 Diablo Dturbo - Scrapped
Thirsty Bitch Volvo 850 Estate - Sold
51bhp Berlingo Nad DT Van - Sold
Slow as f*ck Dispatch Work Horse
www.prestige-auto-care.co.uk