Motor insurance is compulsory. If you do not make any claim, you enjoy a higher discount (up to 50%) on renewal of the insurance.
If you make a claim, you will lose up to 30% from your discount for each claim. For example, if you earned discount is 50% after five years and make a claim, the discount is reduced to 20%.
However, some insurance companies loads the premium in additional to reducing the discount. This is double penalty. It is an unfair practice.
If you have suffered this type of double penalty in the past, please give the particulars in this survey.
http://www.surveymonkey.com/s/9HTWPVV
If you make a claim, you will lose up to 30% from your discount for each claim. For example, if you earned discount is 50% after five years and make a claim, the discount is reduced to 20%.
However, some insurance companies loads the premium in additional to reducing the discount. This is double penalty. It is an unfair practice.
If you have suffered this type of double penalty in the past, please give the particulars in this survey.
http://www.surveymonkey.com/s/9HTWPVV
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