Discuss "Car insurance is legalised theft," by @Phaeton

[wales01man]

Well I just guess it comes down to beliefs Des, you clearly don't believe in responsibility but choose to hide behind someone else's alleged protection. I never denied hitting the guys vehicle and accept my part and responsibility in doing so, what aggrieved me is the fact that the lady was never spoken too despite the police accepting dangerous driving on her part! Where's the responsibility in that by my insurer, no take the easy way out because they are not interested in the correct determination of responsibility as they may cost too much to achieve. Yes I could have easily afforded the repair to his vehicle and would have probably carried out the repair for him seeing as he was known to me through a family member, however as people can't take responsibility and he had a cretin talk him into a false claim for their own benefit then why should I take responsibity for his false actiions.
oh and before you go off on what if someone hit me, well let me tell you I've been there and it was completely not my fault, a vehicle turned straight across my path on a straight road, but was I restored to the position I was in prior to the accident, NO, why because of the very same corruptness that is bred from the insurance industry, yes I was left with £100k of debt from it, so forgive me if I am of the belief that insurance is no more than a scam.
I even had the defendants solicitor apologise to me after the case was closed and tell me that he was just doing his job.

having now just read your response to Phateon post, it is clear that you don't have a problem with the commercial gain above all else. Perhaps you haven't been wronged by these entities, perhaps you chase financial gain above all else? I'd sooner see that the 'right' thing is done by people rather than what is cheapest or most financially viable. Sadly much of the world is dominated by those with your view perhaps that's why we have made such a mess of this world. Perhaps that's why when executives take obscene payments then fail the business without consideration to those that have built the business, the world accepts it and does nothing to change it. That's responsible!

Why 100k 0f debt all insurances should cover your loses?
/

[warwick65]

I'm not quite sure what you're saying there Comrade.

If you're saying that communism is the answer to the excesses of the car insurance market you might have a point given that private car ownership is unachievable for most communist citizens.

That comment EXC actually shows just how little you know or understand about communism.or even that my comments were more anti capitalist than pro communism

Although not a Marxist state, China has lifted more people out of poverty than any other nation on earth EVER

Do you know any of the damage the World Bank has done via SAPs and other lending criteria- I mean, who would lend money to a state to build a nuclear power station on a geological fault line which then means that state has to convert good land to produce cash crops so it can service the debt- the only problem is now, it can not produce enough food to feed its own people

[des8]

des8 We can agree to disagree on this one, but from my side of the fence, you are clearly sat on the other side (I even suspect within the industry or have a vested interest) As consumer of the product (which I am legally bound to use), my view still is that the whole of the auto insurance industry is corrupt, starting at the top & coming down, I'm sure there are some very good people employed, some with morals & conscience, but the whole industry needs a reform.
Onestepatatime Sorry but I'm with des8 on this one, if you hit the vehicle in front no matter what they did it's your fault, annoying I know, but you have to accept that. The only time when I would argue it is when on a dual carriageway/motorway when somebody changes lanes into your safety gap & you haven't had time to get the gap open up again.

I did declare my interest in post 1 of this thread.
Long standing members might remember from previous posts I worked for a number of years as a broker at Lloyds.(specialising in insuring banks... another favourite target!) At a fairly high level I was obtaining the business and broking it to the underwriters, drafting individual policy wordings and broking the inevitable claims.
CII qualified, and banking law studied.

IMO the motor insurance industry is not corrupt.
The problem lies not with the industry as a whole but with people always wanting the cheapest.
That starts a race to the bottom and there are always people ready to take advantage
The problem enters with the "brokers" who to keep costs down reduce everything to tick boxes.
Their staff know nothing about insurance,
It is done on line and people are buying into a contract which quite frankly most do not understand.
The consumer has no opportunity to obtain advice.
Then when a claim occurs the broker doesn't give any assistance.
And on top of it all, not content with the commission from the underwriters, these non brokers charge exorbitant fees.

[des8]

Well I just guess it comes down to beliefs Des, you clearly don't believe in responsibility but choose to hide behind someone else's alleged protection. I never denied hitting the guys vehicle and accept my part and responsibility in doing so, what aggrieved me is the fact that the lady was never spoken too despite the police accepting dangerous driving on her part! Where's the responsibility in that by my insurer, no take the easy way out because they are not interested in the correct determination of responsibility as they may cost too much to achieve. Yes I could have easily afforded the repair to his vehicle and would have probably carried out the repair for him seeing as he was known to me through a family member, however as people can't take responsibility and he had a cretin talk him into a false claim for their own benefit then why should I take responsibity for his false actiions.
oh and before you go off on what if someone hit me, well let me tell you I've been there and it was completely not my fault, a vehicle turned straight across my path on a straight road, but was I restored to the position I was in prior to the accident, NO, why because of the very same corruptness that is bred from the insurance industry, yes I was left with £100k of debt from it, so forgive me if I am of the belief that insurance is no more than a scam.
I even had the defendants solicitor apologise to me after the case was closed and tell me that he was just doing his job.

having now just read your response to Phateon post, it is clear that you don't have a problem with the commercial gain above all else. Perhaps you haven't been wronged by these entities, perhaps you chase financial gain above all else? I'd sooner see that the 'right' thing is done by people rather than what is cheapest or most financially viable. Sadly much of the world is dominated by those with your view perhaps that's why we have made such a mess of this world. Perhaps that's why when executives take obscene payments then fail the business without consideration to those that have built the business, the world accepts it and does nothing to change it. That's responsible!

I find this post is rather a personal attack, so I shall not respond.

[warwick65]

I find this post is rather a personal attack, so I shall not respond.

des8 I wouldn't take it as a personal attack, just a few comments in poor taste from someone who is clearly very angry

While I am not a fan of capitalism and feel it has/is/ and will continue to cause havoc on the planet I do not see any coherent logic of any form in the post you quoted. If you run into the back of another vehicle you are at fault - end of. It's one of the first things you learn when being taught to drive- keep your distance. In fact I remember public information films saying just that- but that was before the days when Thatcher decided everyone had to hold personal responsibility and it was not the job of the state to intervene.