UKWorkshop Woodworking Forums

Post new topic Reply to topic  [ 1 post ] 
Author Message
PostPosted: 24 Jun 2017, 13:17 
Prolific Contributor

Joined: 29 Jan 2012, 18:24
Posts: 13332
Location: Shaft City, Mid Cornish Desert
Has thanked: 602 times
Been thanked: 1011 times
Insurance companies are increasing premiums by hundreds of pounds for customers who simply ring up to report a problem without ever making a claim on their policies.

All companies are now mining a central database called the Claims and Underwriting Exchange (CUE) when they calculate how much to quote potential consumers.

The database keeps records on hundreds of thousands of calls made every year by car, home, personal injury customers who wish to report an incident, regardless if they ever proceed to make a claim. As of later this year, travel insurance customers will be placed on the database.
Taken verbatim from today's Times. The rest of the article is quite worrying - I nearly reported something a few weeks ago that I'll not be claiming for.
One woman asked her leaking sink was covered, was told it wasn't so she had the work done privately. Then she tried to renew her home insurance she got an on line quote for £427.37p, but when she went to the company direct they quoted her £1,127 and told her it had gone up because of her reporting the sink.

Share on Facebook Share on Twitter Share on Digg
Reply with quote  
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 1 post ] 

Who is online

Users browsing this forum: No registered users and 6 guests

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
 Similar topics   Author   Replies   Views   Last post 
Service company

in General Woodworking

CS Bespoke Furniture



26 Feb 2017, 12:56

Whitehill Any Other Company Make Up Custom Spindle Cutters?

in Buying Advice | Tool Reviews




10 Sep 2017, 06:47


in General Chat (Off-Topic)




25 Feb 2017, 12:52

motor insurance increases

in General Chat (Off-Topic)




06 Mar 2017, 10:18

Any insurance recommendations for a learner driver

in General Chat (Off-Topic)




29 Aug 2017, 18:18

Register UKW

User Tools

UKW Local

Quickly find the nearest tool suppliers & timber merchants in your area

Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
UKW Terms & Privacy