We have Insurance to claim everything right? .... WRONG!!
We have Insurance to claim everything right? .... WRONG!! Whether you've broken your nanas vase or smashed your mobile phone, deciding if you should claim the repairs on your insurance can be a tough decision. The premiums of motor & home insurance can differ greatly because the insurers are making all sorts of assumptions about the risk you wish to insure. They take a chance on all new clients. Premium factors such as Age, Occupation & Construction are considered and with motor policies so does your driving history and location, but insurers also use your claim history to assess how much you could potentially cost them, and with that, the more claims you make, the higher risk they assume you’ll be. Insurance companies, Agents & Insurance Brokers should start to better educate their clients & explain what consequences will be taken against you for lodging claims against a policy BEFORE you purchase a policy from that company & upon each ren...