Stoney, that is a brilliant idea, but can't see it happening as they won't make as much money!
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Posted 09 July 2013 - 08:33 PM
Posted 09 July 2013 - 08:48 PM
If you think about it, we're paying for something we hope we never need.
It's like having a medicine cabinet full of anti-biotics that needs restocking every year just in case you might get the clap.
Posted 10 July 2013 - 08:13 AM
It is a very good idea, but the problem is those who abuse the insurance. Fraud plays such a part that the risk factor means that althought they are earning a lot, they are paying out a lot more than they ever did. If they started paying back premiums in any way shape or form they would drastically lose there profit margins then need to hike the prices to compensate...
Might email admiral later with that as a suggestion and see what they say lol
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