Tesco insurance, what a joke!

[Beetnik]

I've had two claims with Tesco and both were handled very well.

Can't say I blame them for asking a fair few questions when £20ks worth of motor car goes up in smoke and no third party to claim from.

I'll go further - as someone whose premiums are going into the pot to pay out on claims - I'd be unhappy if they didn't.

 

[Deleted member 37751]

Hmm, I dont think this is true, Admiral's current Multi-car policy will cover optional extras if you have declared them. (I've just read their latest policy)

But Admiral (and Tesco and most other motor companies) won't cover things you haven't declared to your insurer - I mean, why should they replace them if you haven't paid any additional premiums for them?

Some companies give better cover which does include such things but usually this means they are more expensive, and Tesco aren't exactly known for being expensive are they?

Why would people declare 'optional extras' on an insurance policy?
You're just swallowing the insurance bull, how on earth are you meant to know every single optional extra and whether you've got 'auto closing wing mirrors' should make your premium go up?

I would love this to happen to me, my car being stolen/writ off and then the insurance company tries fibbing me off with some poverty spec motor.

To the OP; don't worry too much- it's bad for your health because in the end they will pay out.

 

[stevieb15]

I was a customer of Tesco Home insurance until they tried to increase my premium by 43% this year in spite of no claims ....ever.
When I questioned this they explained they had a new underwriter since my previous renewal and their new cost was reflected in their price to me.
I changed insurer.
It may be they have changed their underwriter for motor insurance also and their current stance on claims reflects this

 

[Rory]

Why would people declare 'optional extras' on an insurance policy?
You're just swallowing the insurance bull, how on earth are you meant to know every single optional extra and whether you've got 'auto closing wing mirrors' should make your premium go up?

Although I wouldn't want to encourage insurance companies to start charging extra, it is somewhat odd that you could easily have £10K of factory options on a Merc or Beemer etc and yet the premium is unaffected.

 

[Spinal]

Although I wouldn't want to encourage insurance companies to start charging extra, it is somewhat odd that you could easily have £10K of factory options on a Merc or Beemer etc and yet the premium is unaffected.

The thing is, that £10k extra spent on a new car doesn't affect the second hand value that much.

Would you really pay £10,000 more on a £1,000 W202 because it has real AMG alloys? IIRC, 4x AMG alloys were in the 6k-10k range as a factory optional...

M.

 

[219]

There is case law on this matter arising from a case a good number of years ago where an insurance co refused to pay out on a car which had alloy wheels fitted .

The owner , who bought the vehicle used , argued that he did not know the wheels were 'special' and the judge agreed with him ruling that a 'lay person' could not be expected to know every detail of what would have been the original spec of a used car .

The insurance co were ordered to pay out .

 

[markjay]

Although I wouldn't want to encourage insurance companies to start charging extra, it is somewhat odd that you could easily have £10K of factory options on a Merc or Beemer etc and yet the premium is unaffected.

The premium is not directly related to the car's value. The third-party element of the insurance is the main factor as the amount of damage that your vehicle may cause to both body and property far exceeds the value of the average car. In that sense, your car's desirability is a much bigger factor in assessing risk - and while the car's value is indeed a factor for thieves, it is not necessarily the main factor.