surely an insurance loophole??

Deleted member 14928

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funny you say that putting student down makes your quote cheaper. i am curently a student but on an industrial placement year working for Nissan. I found that by putting my ocupation from student to automotive engineer (what i do) from student i saved about £200!

Best saving was adding my parents..... saved £400 !!!!

Oh the joys of being young! insurance companies love me!!
 

Deleted member 14928

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i would love to see the logic that insurance companies use to make quotes..... they all seem to be completly random!
 
Mar 26, 2007
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Just be careful, as if you try and enter jobs that are too different from each other you'll end up being refused insurance and, possibly, listed as somebody trying to commit fraud.

Things that are similar, such as 'chartered accountant' and 'accountant', or 'layer' and 'solicitor' - to use the examples from the article above - are fine as both descriptions could match your job. But if you're an accountant and you get a quote based on a Policeman, then a Librarian, then a solicitor, you'll very quickly get caught and it will be assumed you are doing it to defraud the insurer.

sorry rob but i cant go along with this, simply putting in other occupations to see what your premium would be is NEVER going to get you blacklisted. if you attempted to buy the insurance then fair enough but otherwise....not a chance! the whole point about getting a quote is that it is just that, a quote, its not a commitment to buy in any sense.
 

Triple D

Guest
When i get the mrs cupra next year,, did a quote tonight and it was £2700 for me,22, no ncb,3 points and 2 accidents :( stuck the mrs on it, 26, 3yrs driving, and a private school teacher, it dropped to £1600 :lol: a saving of £1100 :D
 

RobM

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Sep 27, 2006
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sorry rob but i cant go along with this, simply putting in other occupations to see what your premium would be is NEVER going to get you blacklisted. if you attempted to buy the insurance then fair enough but otherwise....not a chance! the whole point about getting a quote is that it is just that, a quote, its not a commitment to buy in any sense.

It's true though, I'm not just guessing and making it up, it is enough in some circumstances to get you refused insurance.

Why would an insurer believe that you are an accountant if you have got quotes from them as a Policeman, Librarian, teacher, mechanic, milkman and accountant? Why did you say you were all of those things, if you are only one? Why else, other than to save money and find a cheaper way of gaining insurance, would you do that?
 
Mar 26, 2007
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It's true though, I'm not just guessing and making it up, it is enough in some circumstances to get you refused insurance.

Why would an insurer believe that you are an accountant if you have got quotes from them as a Policeman, Librarian, teacher, mechanic, milkman and accountant? Why did you say you were all of those things, if you are only one? Why else, other than to save money and find a cheaper way of gaining insurance, would you do that?

rob, what do you do for fortis? you mentioned something the other day about being in a server room so i guess you're a tech services fella? who writes the software that fortis use?
 

Deleted member 14928

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wow!! i am 20 with 1 years NCB and 2 accidents (put it up by £60) and iam only paying £1300..... due to drop to about £850 when i renew in about a month. (i will be 21 then with 2 years NCB)
 

RobM

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Sep 27, 2006
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skahigh - I work in IT, but it's company policy that everybody learns about insurance, underwriting, fraud and various other aspects of what the company does. It works on the theory that if I know about the company and the industry I work in, I can better support my colleagues.
Also, I have become good mates with a motoring underwriter and a couple of guys on the motoring engineers and salvage team, the people who go out and investigate cars that are involved in insurance claims.
Plus, by the sheer nature of my job, I am in every department, talking to every member of staff and working on every part of the insurance process. For instance, the past week I've spent a lot of time working with underwriters and the statistics team, who go through thousands of combinations of possible risks and work out whether to take on a risk, the policy price, what conditions to apply etc etc.

The software we use is vast. There is different software for different departments, varying from personal injury software to 'WhatIF' software and massive databases, spreadsheets and vast tables of data containing millions of records of possible situations, risks, environments and other factors that affect the decision to take on a risk or not.

Plus, and this is important, I'm a nosey git who wants to know everything :D I ask questions, as I'm genuinely interested in this area. I'll speak to people, listen to them talk about people and policies and generally try and absorb as much info as possible. If I have a question, I'll bug somebody about it :D
 
Mar 26, 2007
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rob, i wasnt questioning your knowledge of insurance, i am quite sure you know more than i do as you work for an insurance company. i am a software developer, it was a matter of personal interest.

that said, i do think its ridiculous to refuse a person insurance simply for previously having been quoted for another occupation. aside from anything else, there is little point in the insurer refusing the insurance because if that person does make a claim and has lied when giving their personal information the insurer is well within their right to refuse to pay out. is the software that does this bespoke or 'off the shelf'?
 

RobM

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Sep 27, 2006
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I think most of it is off the shelf, certainly the stuff I've dealt with so far. We might have things designed around our needs, but that would be more adaptations than designed to our spec from scratch. We certainly don't develop our own software, other than adapting things like IBM iSeries / AS400.

The warning I mentioned above, about not using too many examples of jobs, was somewhat 'worse case', it was more aimed at making sure people don't sit and go through 10 different job titles that are nothing to do with each other. By all means try a few that fit your job, but make sure you stick with those types. Going from Policeman to Milkman is only ever going to raise eyebrows ;)
 
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