Very misleading thread title...Handcuffed by insurance company after a claim
You are entitled to know what has been paid out on your policy - I'd ring yr insurer again and insist on knowing - if their are not prepared to give you this information, I'd be contacting the ombudsman.I asked how much the claim paid but they decline to tell me how much they paid out
I have the same problem with AXA after my car was stolen. With AXA, a stolen car does not effect your 'No claims discount'. So my years without a claim is zero, but my no claims discount is 70%. So now I effectually cannot change insurer for the next 5 years! It is all a big ***...
That is a new phrase on me.poor moral hazard
Just spoke to my broker about my renewal for a car insurance. I had a claim 7 months ago which it appears they paid out on. My NCB has gone from 5 to 3 years, but he said I am effectively handcuffed to the company for the next 5 years. Can I not take my 3 years and go elsewhere?
You are entitled to know what has been paid out on your policy - I'd ring yr insurer again and insist on knowing - if their are not prepared to give you this information, I'd be contacting the ombudsman.
Phrase often used in insuranceThat is a new phrase on me.
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