burgulary vs. insurance in London
Out of context: Reply #9
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- mikotondria30
look at it like this...
If, the day you got your policy, the thing got stolen, you would have had 1000 pounds paid out.
Now, 4 years on, you have dutifully paid for 1000 pounds worth of cover, but only 'have' 400.
So they owe you the difference between the coverage you've paid for and that on which you have claimed... Your payments now are 1000/400 too much, and assuming a linear rate of decay of your item, you can reasonably demonstrate that you are owed a fair chunk of change by way of rebate on your policy payments which, it turns out, were overpriced more and more each time.None of this will make a blind bit of difference, and they'll only pay you what they decide they should, because they're a huge corporation with the law on their side, and you're just a little person who has to pay them.