+ Reply to Thread
Page 1 of 2 12 LastLast
Results 1 to 10 of 17

Thread: Is it ever worth claiming on insurance?

  1. #1
    Join Date: Feb 2010

    Location: Moved to frozen north, beyond Inverness

    Posts: 1,500
    I'm Dave.

    Default Is it ever worth claiming on insurance?

    We went away for nearly a week, and something tripped one of our consumer units. Consequence: a freezer full of suspect food.

    Is it ever worth claiming? Maybe the food was worth about £100 - though some was bought at a discount. If we claim, perhaps the premiums will go up so that over a year or two we won't be any better off, and there's very possibly an excess which could be more than the value of the damaged food.

    I need to decide on this fairly soon, as I'll be wanting to take the bagged up food down to the dump shortly.

    I'm not a great fan of insurance companies. They takes yer money, and then try very hard not to give any of it back, even if there's a genuine reason.
    Dave

  2. #2
    Join Date: Feb 2012

    Location: Somewhere in Lancashire...!

    Posts: 956
    I'm Dan.

    Default

    IMO at that price, no... Just take it on the chin
    Bigger than you...

    Living room: x2 Amazon Eco Plus set up in stereo (there's the Sony TV surround sound system too, soon to be replaced with a soundbar & smaller sub)
    Office: Music via iTunes & Roon from my 2018 i3 Mac Mini (256GB SSD / 16GB RAM) > via an Audioquest USB cable > NAD D3020 > Monitor Audio Bronze 2 speakers (via Van Damme Blue 4.5mm speaker cables) on Partington stands
    Spare room: Music via iTunes Match/BBC Sounds app via an iPad Air > ATV3 > Fiio D3 DAC > Arcam Alpha 9 amp > AE109 speakers

  3. #3
    Join Date: Feb 2013

    Location: W Lothian

    Posts: 61,856
    I'm Grant.

    Default

    Happened to me a month or so ago. Freezer full of food gone.. i didnt bother with claim as it would have put my premium up and payout wouldnt have been worth it.
    I will wait til its a biggie
    Regards,
    Grant .... ؠ

    I've said it before and I'll say it again: democracy simply-doesn't-work
    .... ..... ...... ...... ................... ..... ..... ..... ..... .....
    OPPO BDP-103D - JBE SERIES 3/B&O SP1/PROJECT PHONOBOX DS2 USB - QUAD VENA 2 - IFI PURIFIER 2/TWIN PRO MONOBLOCK POWER AMPLIFIERS - LEAF HD BLUETOOTH - OPPO PM-3 PLANAR, SONY H900 & NURAPHONE HEADPHONES - ZBOOK/ IFI SILENCER/WIN10 PRO/AUDIRVANA & JRIVER - SMSL M6 DAC & IFI SILENCER - RPI 3+, DIGIONE HAT/VOLUMIO2 - EDINGDALE MK1 SPEAKERS - CABLE INC CHORD, MOGAMI, SUPRA & WIREWORLD

    **Men are not punished for their sins, but by them**Don't be such a big girl's blouse!**
    ***SMILE, BE HAPPY***

  4. #4
    Join Date: Apr 2018

    Location: South East Cornwall

    Posts: 248
    I'm Dominic.

    Default

    I have had two insurance claims this year which is two more than I have made in my whole life.

    The first was a patio door glass which we found mysteriously shattered after a day out. It wasn't cheap to replace, but the insurance paid out very promptly.

    The second was my missus got shunted in a three car pile up and the insurance company settled the whole business in less than 24 hours with no excess and no increase in premium. Well that's not true as they put the premium up until the other driver's insurance paid up and we were refunded the extra amount.
    CD player = Exposure 2010
    DAC= Shanling DAC50
    Integrated amp = Cairn Aria HE
    Speaks = Quadral Chromium Style 6

  5. #5
    Alex_UK's Avatar
    Alex_UK is offline Spotify + Facebook Moderator / Chilled-Out Wino and only here for the shilling
    Join Date: Aug 2009

    Location: Sunny Suffolk, UK

    Posts: 14,447
    I'm WrappingALilacCurtainAroundMyBobby.

    Default

    Having worked in the insurance industry my entire career (almost 35 years - I know, I don’t look old enough! ) I do get a bit grumpy at the “they’ll do everything they can to not pay out” line, Because it’s simply not true in my experience.

    What you have to remember is that you’ve entered into a contract, and like most contracts there are conditions both sides must meet. Of course, any insurer would check to make sure you have kept your side of the deal (telling them the truth, etc.) before they will pay out, but once that’s done most companies these days will do their best to sort it out quickly.

    But yes, premiums will likely go up if you make a claim - and I personally agree to take it on the chin for £100 - ad you say, there’s probably an excess anyway.
    Alex

    Main System: Digital: HP Laptop/M2Tech Hiface/Logitech Media Server/FLAC; Marantz SA7001 KI Signature SACD Player and other digital stuff into Gatorised Beresford Caiman DAC Vinyl: Garrard 401/SME 3009 SII Improved/Sumiko HS/Nagaoka MP-30
    Amplifier: Rega Brio R. Speakers: Spendor SP1. Cables: Various, mainly Mark Grant.
    Please see "about me" for the rest of my cr@p! Gallery


    A.o.S. on Facebook - A.o.S. on Spotify - A.o.S. on Twitter

    There is only one way to avoid criticism: do nothing, say nothing and be nothing Aristotle

  6. #6
    Join Date: Jun 2014

    Location: Chorley Lancs

    Posts: 4,907
    I'm Steve.

    Default

    Quote Originally Posted by nonuffin View Post
    I have had two insurance claims this year which is two more than I have made in my whole life.

    The first was a patio door glass which we found mysteriously shattered after a day out. It wasn't cheap to replace, but the insurance paid out very promptly.

    The second was my missus got shunted in a three car pile up and the insurance company settled the whole business in less than 24 hours with no excess and no increase in premium. Well that's not true as they put the premium up until the other driver's insurance paid up and we were refunded the extra amount.
    I invoice an average of £120-150 for replacement of patio door glass, dependant on size. Don't know what your excess is, but when you get next year's premium you should have a rough idea whether it was worth claiming.
    Pining for the fjords? What kind of talk is that? And why did he fall flat on his back the minute I got him home?

    T/T: Inspire Monarch, X200 tonearm, Ortofon 2M Black. Phono: Yaqin MS-22B CD: Densen Beat B400 Plus; Headphone/pre: Myryad Z40; Amp: Audion Silver Night 300b stereo
    Speakers: Zu Omen Def. Atlas Equator interconnects, Atlas Hyper 3.0 speaker cables

    T'other system:
    Echo Dot, Amptastic Mini-1, Celestion 5's, BK XLS-200 DF

    A/V:
    Panasonic 42" plasma, Panasonic Blu Ray, Sony a/v amp, MA Radius speakers, REL Storm sub

  7. #7
    Join Date: Sep 2009

    Location: west mids, UK

    Posts: 2,422
    I'm Phil.

    Default

    I almost never claim on insurance , except for homeserve plumbing etc who are a great support.
    1]bel canto pre 3 vbs, ice power amps /rotel cd/teac ud-ho1 bel canto fm1
    sonos, . tannoy eaton legacy 2]arcam a75 marantz sa8005 jolida modwright dac and RFC impulse ta`us , track audio stands

  8. #8
    Join Date: Feb 2010

    Location: Moved to frozen north, beyond Inverness

    Posts: 1,500
    I'm Dave.

    Default

    Quote Originally Posted by Alex_UK View Post
    Having worked in the insurance industry my entire career (almost 35 years - I know, I don’t look old enough! ) I do get a bit grumpy at the “they’ll do everything they can to not pay out” line, Because it’s simply not true in my experience.

    What you have to remember is that you’ve entered into a contract, and like most contracts there are conditions both sides must meet. Of course, any insurer would check to make sure you have kept your side of the deal (telling them the truth, etc.) before they will pay out, but once that’s done most companies these days will do their best to sort it out quickly.

    But yes, premiums will likely go up if you make a claim - and I personally agree to take it on the chin for £100 - and you say, there’s probably an excess anyway.
    We have had a few “good” results from insurances over a period of about forty years. I agree there’s a contract, but perhaps that’s where the problem as I see it lies.

    Apart from the insurance company wanting to write off what for me was at the time (and still is now) a perfectly usable car (apart from the theft induced damage), the replacement cars offered to tide us over were in no way comparable, which is why I had the car repaired. Probably our circumstances at the time were more unusual, but the insurance company did not appear to consider those, nor have any flexibility in discussing a way forward.

    One could argue that if we’d paid more for the insurance initially we’d have got better service. Sadly though this is hard to check. Some firms may play fair, and provide a first class service for higher premiums, but others may simply take the extra money and still only provide (the same?) mediocre service. Most of us only really find out how good an insurance company is when an incident occurs.
    Dave

  9. #9
    Join Date: Apr 2011

    Location: Surrey

    Posts: 4,154
    I'm Mike.

    Default

    I've claimed twice - ever
    Monster tree falling on the house. Rather a lot of damage from circa 5' trunk and all the branches
    Burst pipes the following winter as the repairs to above exposed a pipe !
    Even more expensive

    Broken pane in double glazed door £100 odd not worth it.
    Bonus was getting the guys to replace a unit that was fogging, get two doors and two windows opening and closing properly
    Swallowed the call out and brought the unit prices down as well as making life better
    TAD CD / DAC / Pre, Technics 1210, MCRU PSU, Mike New Bearing & Platter, Stillpoints LP1 weight, Speedy Steve Ebony armboard, Fidelity Research FR64FX arm, Ortofon SPU. Aurorasound VIDA Phono Pre Amp, TAD Power Amp, TAD E1 speakers. Coherent RTZ 3 Grounding box, Coherent grounding cables, Creaktiv racks. Coherent Mains Cables. SR Blue Fuse. Interconnects : Coherent and Yannis 223.5 Connect Litz. Coherent speaker cable. Audio Magic Transcendence Conditioner. Coherent mains socket. Mains Filters : , PS Audio Harvesters, Russ Andrews Purifiers, Tacima, Vertex. Black Ravioli and RDC supports. Electric Beach S1NX platforms for TAD CD and Technics. Ferrite chokes everywhere except the above. Ears, brain

    Mike

  10. #10
    Join Date: May 2016

    Location: Notts

    Posts: 2,341
    I'm Geoff.

    Default

    Quote Originally Posted by dave2010 View Post
    We went away for nearly a week, and something tripped one of our consumer units. Consequence: a freezer full of suspect food.

    Is it ever worth claiming? Maybe the food was worth about £100 - though some was bought at a discount. If we claim, perhaps the premiums will go up so that over a year or two we won't be any better off, and there's very possibly an excess which could be more than the value of the damaged food.

    I need to decide on this fairly soon, as I'll be wanting to take the bagged up food down to the dump shortly.

    I'm not a great fan of insurance companies. They takes yer money, and then try very hard not to give any of it back, even if there's a genuine reason.
    North of Inverness? Probably didn't thaw out fully anyway!

+ Reply to Thread
Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •