Name and Shame Insurance Companies

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A

Andrew Renshaw

Guest
Right guys and girls I have had enough - I am only going to deal with fact
in this e-mail:-

I took out Insurance for my Series 3 with Sureterm. The quoted me £150 , pay
a deposit of £60 and the rest over easy installments, they mumbled at the
time there would be a charge for credit. So I start to pay £17.17 per month,
I hadn't really taken notice of the said letter in regards to insurance or
credit charges. So on the 19th of January I sold my Series 3, phoned up the
insurance company cancelled the Direct Debit afeter asking if I owed
anything further (they said "No") and thought nothing more of it.

This morning gets a letter saying they want this months payment. So I phone
up Amber Credit and they say I am still liable for the whole year. I phone
up Sureterm - yes I am liable for the whole year but they will do a refund.
Work these maths out:

Cost of Insurance £150.

Amounts I have paid:-

£110.42 in monthly instalments and deposit
£87.82 refund given on the insurance

£50 I still owe

That makes the insurance £248.24 for the year. That is a scandal. Why am I
paying for a product I no longer want nor have? BEWARE Sureterm were the
cheapest on the quote but when the Credit and Adminsitration charges are
added they were the most expensive.

Yours

A



 
Andrew Renshaw composed the following;:

> I hadn't really taken notice of the said letter
> in regards to insurance or credit charges.

It seems it's you that's in the wrong, then.

--
Paul ...
http://www.4x4prejudice.org/index.php
(8(!) Homer Rules ... ;)
"A tosser is a tosser, no matter what mode of transport they're using."
 
Agreed Paul - but there is no mention of how much the Credit Charge is only
the 27.9% interest. Which is high. However, they also levy a charge for you
paying the instalments over 12 months and that amount is not mentioned
anywhere.

A


"Paul - xxx" <[email protected]> wrote in message
news:[email protected]...
> Andrew Renshaw composed the following;:
>
>> I hadn't really taken notice of the said letter
>> in regards to insurance or credit charges.
>
> It seems it's you that's in the wrong, then.
>
> --
> Paul ...
> http://www.4x4prejudice.org/index.php
> (8(!) Homer Rules ... ;)
> "A tosser is a tosser, no matter what mode of transport they're using."


 
Andrew Renshaw composed the following;:
> Agreed Paul - but there is no mention of how much the Credit Charge
> is

So you took out a gredit agreement without checking, then moan that
they're acting shamefully. Sorry, but again, you're wrong. If you were
so worried you'd have checked when they "mumbled at the time there would
be a charge for credit". If you didn't check this then it's you that
ought to stop moaning and simply pay the people. You were hapy to try
and get their insurance cover as cheaply as possible.

> only the 27.9% interest. Which is high.

So it's high, so don't pay it, stop trying to get something for nothing
then whinging when it backfires on you 'cos you didn't check the small
print.

> However, they also levy a
> charge for you paying the instalments over 12 months and that amount
> is not mentioned anywhere.

See above.

All you post is absolutely exactly why there are so many dimwits are
being ripped off. If you bothered to do just the tiniest bit of reading
and research then you probably wouldn't be having to moan about it. Get
real, and take responsibility for your own actions.

--
Paul ...
http://www.4x4prejudice.org/index.php
(8(!) Homer Rules ... ;)
"A tosser is a tosser, no matter what mode of transport they're using."

 
Dear Paul

Remind me to put you on my list of people I never want to meet - how
obnoxious.

A



 
Andrew Renshaw composed the following;:
> Dear Paul
>
> Remind me to put you on my list of people I never want to meet - how
> obnoxious.

Aaaahhhh wassamarra???? Posted a whinge and didn't get the tea and
sympathy you wanted? Spare me the sanctimonious bull****, you were
hoisted by your own petard.

I guess I'm all cut up you don't want to meet me, that's your
prerogative, but it's your loss too .. ;)

Have fun.

--
Paul ...
http://www.4x4prejudice.org/index.php
(8(!) Homer Rules ... ;)
"A tosser is a tosser, no matter what mode of transport they're using."

 
"Andrew Renshaw" <andrew.hart.i hate [email protected]> wrote
in news:p[email protected]:

> Right guys and girls I have had enough - I am only going to
> deal with fact in this e-mail:-
>
> I took out Insurance for my Series 3 with Sureterm. The
> quoted me £150 , pay a deposit of £60 and the rest over
> easy installments, they mumbled at the time there would be
> a charge for credit. So I start to pay £17.17 per month,
> I hadn't really taken notice of the said letter in regards
> to insurance or credit charges. So on the 19th of January I
> sold my Series 3, phoned up the insurance company cancelled
> the Direct Debit afeter asking if I owed anything further
> (they said "No") and thought nothing more of it.
>
> This morning gets a letter saying they want this months
> payment. So I phone up Amber Credit and they say I am still
> liable for the whole year. I phone up Sureterm - yes I am
> liable for the whole year but they will do a refund. Work
> these maths out:
>
> Cost of Insurance £150.
>
> Amounts I have paid:-
>
> £110.42 in monthly instalments and deposit
> £87.82 refund given on the insurance
>
> £50 I still owe
>
> That makes the insurance £248.24 for the year. That is a
> scandal. Why am I paying for a product I no longer want nor
> have? BEWARE Sureterm were the cheapest on the quote but
> when the Credit and Adminsitration charges are added they
> were the most expensive.
>
> Yours
>
> A
>
>
>

I went through something similar when I insured a second vehicle
prior to selling it.

It was explained to me that the bulk of the cost is in setting
up the agreement, which I have to accept.

I suppose you could take it up with the insurance ombudsman, or
whatever he is called, as being unfair terms in the contract,
but it would probably be a waste of more of your time.

Insurance companies, like publishers, pimps, and the purveyors
of small boys, work to a code of ethics which is a mystery to
the rest of us. Others, equally upsetting, just have no manners
and think it is smart to be rude. With luck, they will grow out
of it.

Derry
 

"Paul - xxx" <[email protected]> wrote in message
news:[email protected]...
> Andrew Renshaw composed the following;:
> > Dear Paul
> >
> > Remind me to put you on my list of people I never want to meet - how
> > obnoxious.
>
We are all getting ripped off left right and centre with finance,
insurances, credit cards mortgatges, car loans etc..when you apply for
something, get a new car who reads all the small print not many i bet......
Obviousley Paul xxx is so bloody perfect he probably spends his time
travelling round supermarkets buying cheapest of everything but spending
more in petrol than he saves in his shopping..

With an attitude like his he probably works for credit company or some other
rip off company.....

Unemployment insurance on loans and credit cards etc are an even bigger rip
off, people pay for it and its nearly impossible to get a pay out when you
lose your job......

Adrian Ford


 
On Thu, 10 Feb 2005 20:50:15 -0000, "Paul - xxx"
<[email protected]> wrote:

>I guess I'm all cut up you don't want to meet me, that's your
>prerogative, but it's your loss too .. ;)

Whey hey! A good flame war to read upon my return!

No handbags at dawn eh lads, everyone is wrong, always.

Insurance companies make huge profits from people not reading the bit
that says "oh, by the way, we're not only an insurance company/broker,
but we're also a loan shark", we in turn think we're getting a good
deal and sign it without reading the full terms. As a small point of
order, the Consumer Credit Act states that it should be clearly stated
the cost and total amount of the borrowing (credit), in other words,
it should be broken down, and not hidden, the cost of the insurance,
the cost of the credit and the term. Then it should tell you the
total cost.

Should these details not have been made clear, the OP would have a
good case to claim in the Small Claims Court. Could also be worth
taking to Trading Standards. Mind, the time taken to do so and the
potential costs may not make it feasible as time and costs may not be
remunerated - but on a point of principle... (Magistrates love these
type of cases, adds some interest to an otherwise boring Court list!).

 
On Thu, 10 Feb 2005 09:20:55 -0000, "Adrian Ford"
<[email protected]> wrote:

>travelling round supermarkets buying cheapest of everything but spending
>more in petrol than he saves

Ah, that's my mother-in-law you'll be thinkin' of there then...

Tis a Yorkshire thing and anyone who really thinks they're hard enough
to challenge her on it is quite welcome to the thick-ear she's likely
to give them...

 
Yes Tim,

In this instance though my Insurance has cost me £100 more than they quoted
because of credit and administration charges.

I think they need to get masks and hoist the jolly roger..

A


"Tim Hobbs" <[email protected]> wrote in message
news:[email protected]...
> I've insured several Land Rovers with Sureterm for several years.
> They've always charged exactly what they said they would and been
> utterly efficient.
>
>
> --
>
> Tim Hobbs
>
> '58 Series 2 88" aka "Stig"
> '77 101FC Ambulance aka "Burrt"
> '03 Volvo V70
>
> My Landies? http://www.seriesii.co.uk
> Barcoding? http://www.bartec-systems.com
> Tony Luckwill web archive at http://www.luckwill.com


 
Adrian Ford composed the following;:
> "Paul - xxx" <[email protected]> wrote in message
> news:[email protected]...
>> Andrew Renshaw composed the following;:
>>> Dear Paul
>>>
>>> Remind me to put you on my list of people I never want to meet - how
>>> obnoxious.
>>
> We are all getting ripped off left right and centre with finance,
> insurances, credit cards mortgatges, car loans etc..when you apply for
> something, get a new car who reads all the small print not many i
> bet...... Obviousley Paul xxx is so bloody perfect he probably spends
> his time travelling round supermarkets buying cheapest of everything
> but spending more in petrol than he saves in his shopping..

Nope, hardly use supermarkets. :) We mostly walk 100 yards to local
shops and have three 'farm shops' within a mile of us. Plus we grow a
lot of stuff ourselves. We do travel to the butchers, but then, we
generally buy a whole side of beef at a time .. ;)

> With an attitude like his he probably works for credit company or
> some other rip off company.....

Nope, I'm a school caretaker, after retiring from engineering.

> Unemployment insurance on loans and credit cards etc are an even
> bigger rip off, people pay for it and its nearly impossible to get a
> pay out when you lose your job......

Which has nothing whatever to do with some pillock taking out credit and
not knowing what he's paying for, then whinging that he didn't get a
sympathetic reply.

;)

--
Paul ...
http://www.4x4prejudice.org/index.php
(8(!) Homer Rules ... ;)
"A tosser is a tosser, no matter what mode of transport they're using."

 
Mother" <"@ {m} @ composed the following;:
> On Thu, 10 Feb 2005 20:50:15 -0000, "Paul - xxx"
> <[email protected]> wrote:
>
>> I guess I'm all cut up you don't want to meet me, that's your
>> prerogative, but it's your loss too .. ;)
>
> Whey hey! A good flame war to read upon my return!
>
> No handbags at dawn eh lads, everyone is wrong, always.

LOL, since when has being wrong ever stopped anyone having a ****-take
on Usenet ???????? :)

> Insurance companies make huge profits from people not reading the bit
> that says "oh, by the way, we're not only an insurance company/broker,
> but we're also a loan shark", we in turn think we're getting a good
> deal and sign it without reading the full terms. As a small point of
> order, the Consumer Credit Act states that it should be clearly stated
> the cost and total amount of the borrowing (credit), in other words,
> it should be broken down, and not hidden, the cost of the insurance,
> the cost of the credit and the term. Then it should tell you the
> total cost.

ISTM that the OP did have these things, he just didn't read anything
properly.

> Should these details not have been made clear, the OP would have a
> good case to claim in the Small Claims Court. Could also be worth
> taking to Trading Standards. Mind, the time taken to do so and the
> potential costs may not make it feasible as time and costs may not be
> remunerated - but on a point of principle... (Magistrates love these
> type of cases, adds some interest to an otherwise boring Court list!).

On that we agree. ;)

--
Paul ...
http://www.4x4prejudice.org/index.php
(8(!) Homer Rules ... ;)
"A tosser is a tosser, no matter what mode of transport they're using."

 

"Paul - xxx" <[email protected]> wrote in message
news:[email protected]...
> Adrian Ford composed the following;:
> > "Paul - xxx" <[email protected]> wrote in message
> > news:[email protected]...
> > With an attitude like his he probably works for credit company or
> > some other rip off company.....
>
> Nope, I'm a school caretaker, after retiring from engineering.
>
That explains it all !
My school caretaker was a grumpy old git aswell!!!!!!!!

Adrian Ford


 
Adrian Ford composed the following;:
> "Paul - xxx" <[email protected]> wrote in message
> news:[email protected]...
>> Adrian Ford composed the following;:
>>> "Paul - xxx" <[email protected]> wrote in message
>>> news:[email protected]...
>>> With an attitude like his he probably works for credit company or
>>> some other rip off company.....
>>
>> Nope, I'm a school caretaker, after retiring from engineering.
>>
> That explains it all !
> My school caretaker was a grumpy old git aswell!!!!!!!!

Maybe, but at 45 I reckon it's as near as retirement as I want, right
now, and I've not been doing it long. :)

--
Paul ...
http://www.4x4prejudice.org/index.php
(8(!) Homer Rules ... ;)
"A tosser is a tosser, no matter what mode of transport they're using."

 
On or around Fri, 11 Feb 2005 11:30:42 -0000, "Paul - xxx"
<[email protected]> enlightened us thusly:

>Adrian Ford composed the following;:
>> "Paul - xxx" <[email protected]> wrote in message
>> news:[email protected]...
>>> Adrian Ford composed the following;:
>>>> "Paul - xxx" <[email protected]> wrote in message
>>>> news:[email protected]...
>>>> With an attitude like his he probably works for credit company or
>>>> some other rip off company.....
>>>
>>> Nope, I'm a school caretaker, after retiring from engineering.
>>>
>> That explains it all !
>> My school caretaker was a grumpy old git aswell!!!!!!!!
>
>Maybe, but at 45 I reckon it's as near as retirement as I want, right
>now, and I've not been doing it long. :)

someone suggested to me that it'd be the ideal job for me...

--
Austin Shackles. www.ddol-las.fsnet.co.uk my opinions are just that
"Festina Lente" (Hasten slowly) Suetonius (c.70-c.140) Augustus, 25
 
On Fri, 11 Feb 2005 13:30:39 +0000, Austin Shackles
<[email protected]> wrote:


>>>> Nope, I'm a school caretaker, after retiring from engineering.
>>>>
>>> That explains it all !
>>> My school caretaker was a grumpy old git aswell!!!!!!!!
>>
>>Maybe, but at 45 I reckon it's as near as retirement as I want, right
>>now, and I've not been doing it long. :)
>
>someone suggested to me that it'd be the ideal job for me...

Provided, of couse, the caretakers office has a 4meg broadband
connection with newsgroup access...

;-)

David
 
rads composed the following;:
> On Fri, 11 Feb 2005 13:30:39 +0000, Austin Shackles
> <[email protected]> wrote:
>
>
>>>>> Nope, I'm a school caretaker, after retiring from engineering.
>>>>>
>>>> That explains it all !
>>>> My school caretaker was a grumpy old git aswell!!!!!!!!
>>>
>>> Maybe, but at 45 I reckon it's as near as retirement as I want,
>>> right now, and I've not been doing it long. :)
>>
>> someone suggested to me that it'd be the ideal job for me...
>
> Provided, of couse, the caretakers office has a 4meg broadband
> connection with newsgroup access...

In my case the school has broadband with a Wireless hot-spot close
enough, 10 metres, to my Bungalow for good response times and excellent
download speeds .... ;)

Not for newsgroups unfortunately... though as that's a text medium, I
don't mind really.

--
Paul ...
http://www.4x4prejudice.org/index.php
(8(!) Homer Rules ... ;)
"A tosser is a tosser, no matter what mode of transport they're using."

 
Austin Shackles composed the following;:
> On or around Fri, 11 Feb 2005 11:30:42 -0000, "Paul - xxx"
> <[email protected]> enlightened us thusly:
>
>> Adrian Ford composed the following;:
>>> "Paul - xxx" <[email protected]> wrote in message
>>> news:[email protected]...
>>>> Adrian Ford composed the following;:
>>>>> "Paul - xxx" <[email protected]> wrote in message
>>>>> news:[email protected]...
>>>>> With an attitude like his he probably works for credit company or
>>>>> some other rip off company.....
>>>>
>>>> Nope, I'm a school caretaker, after retiring from engineering.
>>>>
>>> That explains it all !
>>> My school caretaker was a grumpy old git aswell!!!!!!!!
>>
>> Maybe, but at 45 I reckon it's as near as retirement as I want, right
>> now, and I've not been doing it long. :)
>
> someone suggested to me that it'd be the ideal job for me...

Lot's of room to park 'extra' vehicles .. 'specially when mates come
around .. ;)

--
Paul ...
http://www.4x4prejudice.org/index.php
(8(!) Homer Rules ... ;)
"A tosser is a tosser, no matter what mode of transport they're using."

 
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