Ah here.
Frank O’Dea, owner the Balla Bán Art Gallery, Westbury Mall, Dublin 2, writes:
It’s not always as easy as 123 getting PRIVATE car insurance if you run an art gallery…
Anyone?
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Everything. As It Happens.
Ah here.
Frank O’Dea, owner the Balla Bán Art Gallery, Westbury Mall, Dublin 2, writes:
It’s not always as easy as 123 getting PRIVATE car insurance if you run an art gallery…
Anyone?
Maybe they think Frank will be transporting goods in the vehicle, its roll of the dice anyway at the moment with this circus.
Yep, it’s exactly that. Same thing happened to a friend of mine years ago. Problem is, there was nothing he could do other than go to a different provider and basically lie about his occupation. They wouldn’t accept any assurances that he would not be transporting any goods in the car, which was for private use.
If your friend tries to claim the insurance company will find out his occupation and will deny the claim.
Try working in the motor trade too.39 years old, 22 years accident free, named on 3 different policies as an additional driver, no endorsements, no points, nothing. 12 different companies refused to quote me full stop. I asked “is there any product you can sell me at any cost” The answer was always no. Where do you go from there!
@Punches Pilot to Insurance Ireland. They will look at your case and as private motor insurance is compulsory; they will nominate an insurer who must offer you a quote. As you have suggested though, as it’s not their ‘target market’ you could be looking at a spicy premium.
+1
Pretty sure they legally have to offer you a quote, even if it’s ‘non-competitive’.
It’s insanity. I thought they had to quote you something, even if it was a ridiculous sum?
What we have here is a market failure, folks. Time to do like Australia and New Zealand and provide universal third party injury coverage to all licensed drivers. This would be administered by the government and funded by a levy on fuel and motor tax. If people want third party property, fire and theft, or fully comprehensive, then let them pay for it privately on top.
If we don’t adopt a universal system then the alternative is even more uninsured drivers pushing up premiums for everyone else.
Totally agree but the uninsured driver pushing up premiums is a myth. The greedy fupping companies acting as a nice cosy cartel is pushing up prices.
I want you to understand that I’m not disagreeing with you in respect of the cartel and profit motive, but it’s not a myth about uninsured drivers.
By law the insurance companies are obliged to fund the MIBI (a quango which pays out claims against uninsured drivers). The insurance companies then pass the running costs of the MIBI to their customers (i.e. insured drivers) by way of increased premiums. Therefore more uninsured drivers directly results in an increase in premiums for insured drivers.
I was skeptical about the uninsured thing then just yesterday noticed my wonderful neighbours drive an uninsured and untaxed car.
+1!
At least if the AUS/NZ system were adopted, anyone who pays registration (tax) had the base coverage ( third party injury coverage) & the guards could then use licence plate reading cameras to quickly find those who haven’t paid and pull them off the road. Quite a simple solution but unfortunately it might not be considered ‘open market’ enough for some…
They have to but simply dont. You need to be refused by 3 providers then you can complaint and the first one you went to will be obliged to quote you – they will of course quote you something ridiculous. All this will likely take several months, by then you will have probably already went with a mad quote elsewhere as you need to drive.
Its a circus, they can do what they like.
Amen to that. It is dishonesty heaped upon dishonesty – on the part of Insurers (who dictate Government policy) and Government. We are living in the Republic of Axa.
Funny thing it used to be the Republic of Quinn Insurance. Bertie Ahern literally flew around the country in 2007, courtesy of Sean Quinn, who gave the Bert the use of his chopper for the duration of the general election.
Essentially our politicians exist to serve money, and listen only to the opinions of those with money. They’re not corrupt, it’s much, much worse than that.
+1
Insurance companies in Ireland are Scum. They run wild, seem to be very unregulated, are involved in price gouging, are involved in price fixing. Then when people actually have accidents and make a claim they find loopholes in their contracts that exempt them from paying out. Also the largest ones like AIG gambled with everyones money in 2008 and had to be bailed out, now they are turning the screw on their customers. Scum, absolute scumbags. Also they are over charging all of their customers because of the new finance rules stating that they have to pay for their own bailouts in the future by creating a safety net for their gambling on the financial markets. So the cost of doing that is being put staright onto the customers, which should be Totally Illegal!!
The Irish Gov’t need to step in and regulate these companies HEAVILY.
And that will happen……………..when hell freezes over, or never, whichever you prefer.
I know, its depressing. How does the Insurance industry have such a grip over our Government? Journalists should be digging deep in here, its to the benefit of someone. There has to be corruption involved. This is Ireland
And you’d think the Government had a hold over them
PMPA
Quinn
We’ll be covering those liabilities until the sun burns itself out!
I have well known this to happen. Other types of occupation which some insurers refuse to cover are media related; producer, director, researcher on TV/radio. If there is a whiff of “showbiz” off your job, some will decline to insure.
You lost me a little at ‘corruption’, but I agree that insurance has a death grip on everything. Start a small business: moxie load of insurances. Get a mortgage: insurances often up to 10-15% of the value of the loan. Health insurance? Come on now: 10-20% rise in premium every damned year.
If its not corruption, what is it? Laziness to act? Complete incompetence? Disdain for the population?
Its all part of the massive media boner at the moment about strikes and pay increases, as well as rent and housing. People cannot live in this unsustainable economy. They have hit a wall
They’re not allowed gamble as much on the stock market anymore, so all profits have to come from premiums.
i seem to remember several companies posting losses in the last few years. I don’t think they’re exactly making away like bandits.
Otherwise you’d have insurance companies rushing to open in Ireland, and I don’t see that happening.
Where did you get this from? A friend is working for an investment bank and tells me the insurance companies have tons of money going into whatever they do. They’re very profitable apparently. Gouging and prive fixing is what’s going on.
Utterly disgraceful, that a man is refused private car insurance because he owns an art gallery. It would seem there is an educational deficit or sickness in the mindset of those who make the decisions in that particular insurance company.
Its discrimination and should be flagged and the company brought to court.
Or maybe he’s just french.
As well as being from Limerick?
Who’s paying for Quinn failure? Who’s paying for Setanta? Who’s paying for Enterprise?
The Insurance Compensation Fund has paid out EUR1.4bn in the last 5 years to cover claims under failed insurers. This fund is paid for by the remaining solvent insurers and thereby motorists who didn’t benefit from the cheap as chips insurance premiums of those companies trying to buy market share with cheap rates.
Who’s paying for uninsured drivers?
According to the Motor Insurers’ Bureau of Ireland (unisured fund managers) YTD (July 2016) uninsured claims are up 17% to 1,644 claims. FY 2015 costs of uninsured claims was EUR 65mm. This is also paid for by solvent insurers and thereby motorists who actually get insurance.
So, govt policy is those policy holders with reputable insurers should basically cover the cost of everyone who wants to drive a car in the country. How many of those driving unisured cars are imprisoned? Feck all if you read the lists of convictions most of the skangers have when they’re given suspended sentences by pointless judges.
My God! Thanks for tyhe info Andy. What kind of governing is this? Really, this would be laughable anywhere else.
My God! Thanks for the info Andy. What kind of governing is this? Really, this would be laughable anywhere else.
Try getting an insurer with an open claim…an open claim could be as little as putting a scratch on another car..waiting around for an hour to give your details, to make sure you sort it out for them..and the other person unbeknownst to you calling your insurance company to put in an official claim…coz like you know they have a few more scratches and might get it all fixed..and want the best possible job done. It’s a 2008 after all and it wasn’t cheap.
You’re talking no one insuring you if your policy expires with any claim open..for a scratch. You might get a quote for 3 times the price you were paying, with zero years no claims protection.
Lesson learned – don’t bother your hoop doing the right thing. Tip a car..look around and pretend you know nothing.
By the way, did ye know, the ‘ 3rd party’ has 2 years to get their scratch or whatever fixed..that’s 2 years of you being a bit goosed with an open claim.