How much are you DONATING to insurance companies?

[Raffles]

I'm in the middle of doing my self assessment tax return, and whilst going through my accounts online I noticed several direct debits to various companies (mainly insurance) that I cannot for the life of me remember what they're for. I'm so used to seeing them on my statement but am only now querying them.

They are not large amounts but together come to about £40 per month. I've got a feeling one was for mobile phone insurance for a phone that I got rid of years ago. Anyway I've whistled off a few emails to find out.

If I don't get any replies then I'll just cancel them, as they are obviously not life or house insurance or anything serious. Have you checked what you are paying for?

[chrisjw]

The only insurance I pay is for the car.................& that's only because I have to.....................

[Deleted]

House and car only for me ... my house insurance covers me for loss or accidental damage to all my technology such as camera, camcorder, phone, laptop etc.

[djs]

Too much, by a long way.

First bit of good news though in years. Under £200 for my sports car this year.

[dnglos]

This might be good news for anyone here who buys life insurance:

www.moneyexpert.com/news/could-switching-electronic-cigarettes-the-answer-cheaper-life-insurance/800582394

[dusty]

£236 on a crappy Citroen Saxo.... Joys of motoring!

[fagin]

You obviously have way too much money.

[Raffles]

Nov 1, 2013 20:33:24 GMT fagin said:

You obviously have way too much money.

Not sure which post you are referring to fagin... but if it's my OP... I wish!

[mikeb]

Nov 1, 2013 17:33:43 GMT Raffles said:

I'm in the middle of doing my self assessment tax return, and whilst going through my accounts online I noticed several direct debits to various companies (mainly insurance) that I cannot for the life of me remember what they're for. I'm so used to seeing them on my statement but am only now querying them.

They are not large amounts but together come to about £40 per month. I've got a feeling one was for mobile phone insurance for a phone that I got rid of years ago. Anyway I've whistled off a few emails to find out.

If I don't get any replies then I'll just cancel them, as they are obviously not life or house insurance or anything serious. Have you checked what you are paying for?

If these are the result of the insurers favourite ploy, "auto renewal" I'd be looking at reclaiming the premiums and I'd definitely be cancelling any
 direct debits.

I drive a company car so no cost there, I never pay for extended warranties on electrical stuff, (Sale of Goods Act is your friend) so that just leaves my house contents insurance which is at the minimum for an over 60 like me.
It's a rented property so I don't care if it falls down as long as me and my cat get out in one piece.

[womble]

Nov 1, 2013 19:34:29 GMT dnglos said:

This might be good news for anyone here who buys life insurance:

www.moneyexpert.com/news/could-switching-electronic-cigarettes-the-answer-cheaper-life-insurance/800582394

I think life insurance and ecigs have a lot of talking to do with each other, the results will take many years to sort out.

We need a life insurance separate area I think. This could save, or cost, members alot of money, hearing from others, which companies take into consideration vaping and which ignore it, could be very important.
It could even make some members realise their cover, may not actually cover them.

Chrissie could you take a look and see what you think.

I know I need to look at my LI again, I'm still paying for a smoker, while I haven't smoked for 2 years, which is crazy on the face of it, but last time I looked at it, vaping wasn't even considered by the insurance companies, now it will be changing all the time.

[Jaguar7777]

How much am I paying them?


Not as much as they'd like ........


Jag. (Almost as bad as politicians.)

[Karma]

If I come across a DD that I'm unsure about I just cancel it. You soon find out what it's for when the next payment can't be taken

[Chrissie]

Nov 3, 2013 0:39:03 GMT womble said:

Nov 1, 2013 19:34:29 GMT dnglos said:

This might be good news for anyone here who buys life insurance:

www.moneyexpert.com/news/could-switching-electronic-cigarettes-the-answer-cheaper-life-insurance/800582394

I think life insurance and ecigs have a lot of talking to do with each other, the results will take many years to sort out.

We need a life insurance separate area I think. This could save, or cost, members alot of money, hearing from others, which companies take into consideration vaping and which ignore it, could be very important.
It could even make some members realise their cover, may not actually cover them.

Chrissie could you take a look and see what you think.

I know I need to look at my LI again, I'm still paying for a smoker, while I haven't smoked for 2 years, which is crazy on the face of it, but last time I looked at it, vaping wasn't even considered by the insurance companies, now it will be changing all the time.

Womble, maybe a pinned thread here in the Lounge or Members only ?

[Brambles]

Nov 3, 2013 10:16:54 GMT Karma said:

If I come across a DD that I'm unsure about I just cancel it. You soon find out what it's for when the next payment can't be taken

The danger with just cancelling is if it is for life insurance and you wish it to carry on then you may have to start a new policy and be paying a lot more. It may also be some life savings plan so be careful if 'just' cancelling it. A quick phone call to the insurance company should find out what it is for.

[womble]

Nov 3, 2013 10:19:24 GMT Chrissie said:

Nov 3, 2013 0:39:03 GMT womble said:

I think life insurance and ecigs have a lot of talking to do with each other, the results will take many years to sort out.

We need a life insurance separate area I think. This could save, or cost, members alot of money, hearing from others, which companies take into consideration vaping and which ignore it, could be very important.
It could even make some members realise their cover, may not actually cover them.

Chrissie could you take a look and see what you think.

I know I need to look at my LI again, I'm still paying for a smoker, while I haven't smoked for 2 years, which is crazy on the face of it, but last time I looked at it, vaping wasn't even considered by the insurance companies, now it will be changing all the time.

Womble, maybe a pinned thread here in the Lounge or Members only ?

I would think in the members only would be a good place. I'm surprised at the lack of interest in the others, this could really save you alot of money, you should shop around for your life insurance to start with and now we might be bringing a database for you to find companies that will offer you good rates because you area vaper.
Must be good sense all round?