Quote:
Originally Posted by chav1
what i am saying is that they have enough money coming in considering how many cars are on the road and how many have accidents they just put up premiums so that they dont have to cut into PROFFITS and upset share holders , they simply cant loose and its wrong
if they have 10 million proffit coming in and 1 million goes out in payouts that leaves 9 million proffit but rather than accept their loss despite still been 9 million in proffit they get that 1 million back from people who havnt claimed
if a normal buisness man has the same proffit and losses he has to accept it but insurance companies get away with pure greed because it is law that you have to have insurance
yes everyone shoudl have insurance but they shoudl be limited as to how much they can charge
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You dont have a clue about insurance really if you believe that a loss ration is 10/1
Insurance companies make Profit on other avenues, just like Normal businesses.
If you want an example of Money for nothing - look at Road tax.
And limited as to how much they can quote?? Have you ever looked through the yellow Pages, it might as well be Insurance Quote pages with the amount of adverts. This meaning Competition and many different Prices, if you put the work in you will usually save somewhere.