What is it with Insurance Companies ?

[Gokiwi64]

I thought that we you took out car insurance and had an accident/car became a write off you paid the excess and that was that, but apparently I am wrong you pay the excess and then the remaining premium !!

My daughters car has been written off and we owe the insurance company more than the value of the car .

I now know why people lie so much - Its an attitude being forced on people by the insurance companies.

 

[rafletcher]

The car is written off, that’s the key. As there’s nothing to insure you get to pay off the premium. But as it’s an older car, could you buy it back and get it repaired?

 

[martin j.]

If you pay the premium in full up front than if in 3months you’reis wrtten off you don’t get a rebate, the company are looking to get the amount agreed?