Renting And Proud! wrote:
Straight up in Ireland MIBI levy and insurance levy add probably 11 or 12% to everyone's premium.
Re judges - was at a presentation last year where head of claims for a major company was presenting. Said there were numerous cases where (numbers for illustration only) the company was offering 100k, claimant wanted 200k say. Judge would award an amount way in excess of 200k!
It's also the case that
- there is supposedly a legally defined upper limit for awards for general damages
- if you exaggerate your claim your entitlement falls to zero
Pity nobody told the judges about these little chestnuts.
There's also a number of cases where the policyholder shouldn't be paid due to a policy exclusion. negligence etc. Doesn't stop judges handing them wads however
It is outrageous that you are paying insurance (on top of insurance!) for the inability of the regulators to put manners on the industry. Setanta, Quinn and RSA in recent years. PMPA in the 80s.
Driving without insurance is a completely tractable problem. It simply needs more resources devoted to detection and harsher sentences on conviction. A bit of data science would not go a amiss here - it is probably quite easy to statistically predict who is likely to be driving without insurance.
Judges need to take it seriously too. Multiple offences should mean imprisonment. The current approach of fines and bans just doesn't work.