Pete87 Posted February 18, 2014 Share Posted February 18, 2014 So I work In car and home insurance and have been breifed about a new policy we are doing that I think everyone needs to be warned about, it is aimed at high risk driver's, no ncb bonus, points , accidents, young driver's and performance cars. So basically your premium is ment to be much lower which sounds great apart from the 3k any risk excess any accident you will be required to pay 3k excess and you have 14 days to pay it otherwise you start paying intrest on the 3k. Ok so if you want to take that policy to save yourself money then fine it's down to you. The thing that worries me is we have been told that if this policy is cheapest at your renual then you will be put on it automatically, so the warning is people as of now I would start checking your renual docs as if you don't alot of people could be in a huge amount of s##t. I think it's discussing which is why I have posted this up for everyone to see. 1 Quote Link to comment Share on other sites More sharing options...
richmillions Posted February 18, 2014 Share Posted February 18, 2014 Good to know Quote Link to comment Share on other sites More sharing options...
Guest Posted February 18, 2014 Share Posted February 18, 2014 Um, not sure if serious, works for insurance co but can't spell interest or renewal? Quote Link to comment Share on other sites More sharing options...
Grundy Posted February 18, 2014 Share Posted February 18, 2014 Um, not sure if serious, works for insurance co but can't spell interest or renewal? What's spelling got to do with working for an insurance company? Don't have to listen to his post, but Pete's a top man and he's just looking out for fellow forum members. Cheers for the heads up, luckily I'm sticking with Admiral atm due the AUTO RENWAL GRR!! Quote Link to comment Share on other sites More sharing options...
Will370z Posted February 18, 2014 Share Posted February 18, 2014 (edited) Pete's been here for a while so wouldn't worry about it not being genuine. Thanks for the heads up. Edited February 18, 2014 by Will370z Quote Link to comment Share on other sites More sharing options...
Ekona Posted February 18, 2014 Share Posted February 18, 2014 Might help if we knew which company... Also, I'd like to see them get the 14 days payment or interest thing past either the insurance or financial ombudsman. Not calling BS on it as I trust the source, but I wouldn't remotely worry about it. Quote Link to comment Share on other sites More sharing options...
Pete87 Posted February 18, 2014 Author Share Posted February 18, 2014 Yeh cheers about the spellings not really my fault as I'm dyslexic, and I don't really want to mention company names incase I get in trouble for it but just wanted to let everyone know, by the sounds of it it is a few company's so just watch out and I suppose if they tell you the Apr and what not there not really breaking any laws just like these vulture payday loan companies. Quote Link to comment Share on other sites More sharing options...
Ricey Posted February 18, 2014 Share Posted February 18, 2014 Sounds like the oz hire car insurance. Quote Link to comment Share on other sites More sharing options...
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