Non-fault insurance claim - why has my premium gone up?
I'm about to initiate litigation with my insurance company. They assert that drivers that have a non-fault claim are more likely to have a 'at fault' claim subsequently. They are refusing to provide the statistical evidence that corroborates this statement.
Clearly there can't be any causality and therefore no correlation. In our case the car had been parked for over an hour when it was hit by a driver with a medical condition. There are four drivers on our policy. Are we all now to be expected to experience a claim?
Clearly there can't be any causality and therefore no correlation. In our case the car had been parked for over an hour when it was hit by a driver with a medical condition. There are four drivers on our policy. Are we all now to be expected to experience a claim?
Asked on 12 February 2014 by blockhead
Answered by
Honest John
An insurance underwriter is a gambler. He takes a calculated risk in insuring any vehicle. If his stats show him that a policyholder who has suffered a claim is more likely to suffer subsequent claims, then that increases his risk and he can increase the premium. You have absolutely no grounds to tell him his business or to sue. You can simply take your insurance business elsewhere.
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