Submitted on Thursday 13th December 2012
Rejected on Wednesday 21st June 2017
Current status: Rejected
Rejection code: irrelevant (see below for details)
Motor Insurance - GET 100% OF YOUR POLICY COST BACK AFTER 1 YEAR OF NO CLAIM
Why do car insurance companies keep your policy money if you do not claim?
To drive is a risky business and I am sure somebody who works in the insurance sector has to calculate a mystical and top secret formulae to work out how much one pays per year, or indeed what the risk is.
If you do not claim on your policy you should be fully refunded your money for example:
POLICY / RISK = £2000 ADMIN COST £150
END OF YEAR REFUND (NO CLAIMS) = £2000
END OF YEAR REFUND (CLAIM) = £0
Why should you pay for other peoples mistakes.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
Your e-petition does not state what action you wish the Government to take. I should point out, however, that the insurance industry uses premiums from people who do not claim to pay the claims of those who do; so a call to change the law to produce the refunds you mention would radically change the whole nature of the insurance business.
3.131.13.37 Sat, 20 Apr 2024 08:31:34 +0100
