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#Post#: 18089--------------------------------------------------
Admiral - premium change (increase) after claim on policy
DIR By: Irksome
Date: March 22, 2024, 11:40 am
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Dear All,
Does this sound right to you? I thought a premium was a premium
and wouldn't change as a result of a claim until renewal?
--- Quote ---
> The premium we charge each customer is calculated from a
series of detailed statistical models derived from past claims
history for similar customers.
>
> As a result of this change there is an increase of £84.53.
This includes an administration charge of £26.00.
>
> This means a balance of £84.53 is due, which we will debit
from the payment details we hold on file on, or shortly after,
30/03/2024. Please ensure funds are available.
--- End Quote ---
#Post#: 18094--------------------------------------------------
Re: Admiral - premium change (increase) after claim on policy
DIR By: guest46
Date: March 22, 2024, 12:31 pm
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Without the whole story, impossible to comment!
#Post#: 18099--------------------------------------------------
Re: Admiral - premium change (increase) after claim on policy
DIR By: slapdash
Date: March 22, 2024, 1:29 pm
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That looks as though someone has made a change of some
description or notified additional onformation.
It is possible additional information has come to light and they
have revised premium (eg they have noticed something not
declared that was previously.
If it's a telematics policy they may revise at various points.
#Post#: 18134--------------------------------------------------
Re: Admiral - premium change (increase) after claim on policy
DIR By: tonys
Date: March 23, 2024, 3:11 am
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In isolation it doesn't seem reasonable. It's as good as saying
the premium is only valid as long as there's no claim made in
the future.
#Post#: 18150--------------------------------------------------
Re: Admiral - premium change (increase) after claim on policy
DIR By: andy_foster
Date: March 23, 2024, 8:45 am
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Kindly do the needful
#Post#: 18156--------------------------------------------------
Re: Admiral - premium change (increase) after claim on policy
DIR By: Irksome
Date: March 23, 2024, 11:35 am
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--- Quote from: M60NJP link ---
>
> Without the whole story, impossible to comment!
>
--- End Quote ---
Took out a policy, a few days later I had a 'an at fault'
accident - that's it as far as I can see. Damage was to third
party, no damage to my vehicle,
#Post#: 18160--------------------------------------------------
Re: Admiral - premium change (increase) after claim on policy
DIR By: Tikli Chestikov
Date: March 23, 2024, 11:54 am
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Yeah so they quoted you for a year and within a few days you
changed the metrics on which they'd quoted you via an at fault
claim.
All insurance companies will come after you for extra £s.
A bit different if you'd claimed after ten months, they'd
probably have waited until renewal to sting you.
#Post#: 18163--------------------------------------------------
Re: Admiral - premium change (increase) after claim on policy
DIR By: guest46
Date: March 23, 2024, 12:24 pm
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Well 360-ish days at the new risk level is always going to incur
a charge? That's neither a surprise nor unfair.
#Post#: 18165--------------------------------------------------
Re: Admiral - premium change (increase) after claim on policy
DIR By: mickR
Date: March 23, 2024, 1:13 pm
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can't see it myself. you pay a premium for the year. the only
time I've hear of anything like that is in the case of a total
loss and argued end of indemnity.
for an at fault claim??
hmm is there anything in the policy T&Cs about claims within "×"
days of start? I've seen that on health insurance policies.
#Post#: 18173--------------------------------------------------
Re: Admiral - premium change (increase) after claim on policy
DIR By: slapdash
Date: March 23, 2024, 11:53 pm
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Looking on Admiral website one, but not the only, reason for a
£26 admin fee is for applying additional information.
Perhaps there was some discrepancy on what was submitted at the
time of claim and what was submitted at the time of policy.
Misrepresentation or change are the 2 reasons the policy allows
premium change (and the 2 reasons for a £26 admin charge).
I assume the incident occured after the new policy was quoted
and commenced.
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