Does insurance cover ceramic brake damage?
Discussion
911wise said:
If they were fitted as standard say on a CGT then maybe. If they were an optional etc not specified on the policy I doubt it’ll be that straightforward.
Insurance companies scrutinise everything and if there’s even the slightest chance of them not paying out they’ll go for it.
Crooks. Insurance companies scrutinise everything and if there’s even the slightest chance of them not paying out they’ll go for it.
ImbackYo said:
Yes, comply like a good boy. Ignore the outrageously expensive renewals and one sided policies.
You’ve clearly had issues with motor vehicle insurers.I’ve had two occasions when vehicle insurers could have refused to payout after thefts or accident damage, due to an undisclosed speeding endorsement and a vehicle not being parked in secure storage overnight when stolen)
In both cases the insurers paid out when they could have refused point blank, and I wouldn’t have had a leg to stand on in a court of law. Total of both claims amounted to £54k.
I’ve had four vehicles stolen over the past 25 years, and on every occasion I’ve been paid out, on one occasion I had to do battle with the insurers claim handling company to get what I felt was a fair settlement figure, but ultimately I got within 5% of what I felt was the vehicle’s true value.
The real issue doesn’t lie with the insurers, the real issue lies with the Police’s lack of resources and the CPS attitude towards car theft (oh and you may as well throw the vehicle manufacturers into the mix too, for not engineering foolproof anti-theft devices) but if the Police diverted more time and resources to car theft, rather than taking the perspective it’s a “victimless crime” because insurers always pay out, and actually traced and prosecuted those guilty of vehicle theft, and the justice system handed out sentences severe enough to deter thieves, the problem wouldn’t exist in the first place.
Edited by Slippydiff on Sunday 29th September 21:37
A pertinent topic with today's story about insurance ratings changing, including a new rating on costs of repair.
Over time there is likely to be a a higher insurance cost for cars with ceramic brakes, although whether it's enough to actually influence a buyer's choice of car remains to be seen.
Over time there is likely to be a a higher insurance cost for cars with ceramic brakes, although whether it's enough to actually influence a buyer's choice of car remains to be seen.
ImbackYo said:
Yes, comply like a good boy. Ignore the outrageously expensive renewals and one sided policies.
Sorry, you think that an insurer should pay for something that wasn’t covered under the policy and/or wasn’t mentioned when you took out the policy. Do you have much experience with insurance underwriting?My experience is that where the ceramics were specified on the insurance proposal, they were covered under the policy. Which seems fair.
braddo said:
A pertinent topic with today's story about insurance ratings changing, including a new rating on costs of repair.
Over time there is likely to be a a higher insurance cost for cars with ceramic brakes, although whether it's enough to actually influence a buyer's choice of car remains to be seen.
They'll do what they like. They have done for decades and the longer we just pay up and shut up like some of the compliant lemmings on PH the more they'll continue to take advantage.Over time there is likely to be a a higher insurance cost for cars with ceramic brakes, although whether it's enough to actually influence a buyer's choice of car remains to be seen.
As long as the weaponising of data becomes the norm, they'll continue to "predict" the outcome of risk and costs. Completely ignoring common-sense and black swan events.
I was ran in to the back of last year, this year- 30% increase. It didnt cost NFU a penny. According to them, the risk has increased in regards to where I live and drive. Its a laughable scam to extract more cash from muppets that will just pay up and shut up.
Its ripe for more regulation, and its coming. IMO its the next PPI, time will tell.
Costs of repair will obviously increase given PCCBs etc. If they are likely to be damaged in an incident. In most scenarios, they wont be but never let a good opportunity go to waste.
Decentralisation and automation will see their cash cow dry up. It couldn't come soon enough and they know it.
ImbackYo said:
They'll do what they like. They have done for decades and the longer we just pay up and shut up like some of the compliant lemmings on PH the more they'll continue to take advantage.
As long as the weaponising of data becomes the norm, they'll continue to "predict" the outcome of risk and costs. Completely ignoring common-sense and black swan events.
Common sense doesn’t pay the bills.As long as the weaponising of data becomes the norm, they'll continue to "predict" the outcome of risk and costs. Completely ignoring common-sense and black swan events.
ImbackYo said:
I was ran in to the back of last year, this year- 30% increase. It didnt cost NFU a penny. According to them, the risk has increased in regards to where I live and drive. It’s a laughable scam to extract more cash from muppets that will just pay up and shut up.
What is the typical loss ratio for car insurance? Presumably, given the huge market, you’ll be able to find someone to insure you at a price you think is fair?ImbackYo said:
Its ripe for more regulation, and its coming. IMO its the next PPI, time will tell.
You think more regulation will make things cheaper?ImbackYo said:
Costs of repair will obviously increase given PCCBs etc. If they are likely to be damaged in an incident. In most scenarios, they wont be but never let a good opportunity go to waste.
In most scenarios they won’t, that’s why the insurance premium isn’t the full cost of the brakes, not even close (£12k+ for full replacement?).ImbackYo said:
Decentralisation and automation will see their cash cow dry up. It couldn't come soon enough and they know it.
You don’t know a quarter of what you think you do!Edited by Sport_Turismo_GTS on Monday 30th September 22:54
ImbackYo said:
They'll do what they like. They have done for decades and the longer we just pay up and shut up like some of the compliant lemmings on PH the more they'll continue to take advantage.
As long as the weaponising of data becomes the norm, they'll continue to "predict" the outcome of risk and costs. Completely ignoring common-sense and black swan events.
Common sense doesn’t pay the bills.As long as the weaponising of data becomes the norm, they'll continue to "predict" the outcome of risk and costs. Completely ignoring common-sense and black swan events.
Thats ok then. Conversation over? You've illustrated my point perfectly.
ImbackYo said:
I was ran in to the back of last year, this year- 30% increase. It didnt cost NFU a penny. According to them, the risk has increased in regards to where I live and drive. It’s a laughable scam to extract more cash from muppets that will just pay up and shut up.
What is the typical loss ratio for car insurance? Presumably, given the huge market, you’ll be able to find someone to insure you at a price you think is fair?Correct, but its getting more difficult as more of the crooks realise we are prepared to just pay up and shut up.
ImbackYo said:
Its ripe for more regulation, and its coming. IMO its the next PPI, time will tell.
You think more regulation will make things cheaper? Why wouldn't it? Regulation does not mean additional costs to the end user, it means a market thats now being watched carefully.
ImbackYo said:
Costs of repair will obviously increase given PCCBs etc. If they are likely to be damaged in an incident. In most scenarios, they wont be but never let a good opportunity go to waste.
In most scenarios they won’t, that’s why the insurance premium isn’t the full cost of the brakes, not even close (£12k+ for full replacement?).Silly argument. Its about risk and the tables are unfairly tilted in their favour, always!
ImbackYo said:
Decentralisation and automation will see their cash cow dry up. It couldn't come soon enough and they know it.
You don’t know a quarter of what you think you do! Do you know anything about financial decentralisation? Didn't think so. So perhaps try and be polite and not make assumptions about someone's career or knowledge, you might learn something.
Edited by Sport_Turismo_GTS on Monday 30th September 22:54
ImbackYo said:
Do you know anything about financial decentralisation? Didn't think so. So perhaps try and be polite and not make assumptions about someone's career or knowledge, you might learn something.
Maybe learn how to use the quote feature first 
And then if you read the thread properly you might learn some more about insurance...
Come on guys, give him a break !!
CTO said:
I have also had this..
Going to the vets for a prescription for the dog
36 in a 30 on the way there
37 in a 30 on the way back
And had had a speed awareness notification the month prior.
I went from a clean licence for years, to six points in about six weeks.
The above related insurance hike (and the crippling road tax) led to me parting company with my C70 T5 at insurance renewal time
Going to the vets for a prescription for the dog
36 in a 30 on the way there
37 in a 30 on the way back
And had had a speed awareness notification the month prior.
I went from a clean licence for years, to six points in about six weeks.
The above related insurance hike (and the crippling road tax) led to me parting company with my C70 T5 at insurance renewal time
ImbackYo said:
That's the real issue, courts give insurance companies another licence to print money. Not that they need it atm.
Yep, the insurance companies really should educate their policyholders better shouldn't they.Edited by Slippydiff on Tuesday 1st October 21:33
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