All those who have been made redundant in these hard times...

rG-tom · 30 Mar 2009 at 23:27

....have you informed your insurer?

Just doing some quotes with bell i was just checking variations on my job title, and just wondered how much difference unemployed would make!

Changing my job title from "Manager" to "Unemployed" made the insurance premium increase by 42%!!! Which with their price as it is, is £600 a year.....but housewife which is practically the same thing if your partner works makes no difference to policy cost.

Absolutely insane.

Tom.

Skeeter · 30 Mar 2009 at 23:30

Because 'Unemployed' suggests no income.

Whereas 'Housewife' suggests there is income into the house, that isnt you.

teaboy5 · 30 Mar 2009 at 23:31

Did your shop close?

Also put your self down as self employed. Do you not get enough business with the photos?

agw_01 · 30 Mar 2009 at 23:32

Damn, sorry to hear that Tom!

Although, hiking the price due to 'Unemployment' is madness! The one time you actually need cheaper insurance!!

Hayley-K · 30 Mar 2009 at 23:35

So if I get made unemployed pretend to be a housewife... got it

Kanifee · 30 Mar 2009 at 23:48

I dont see why unemployed should make a differance, if you have no income you dont pay insurance premiums and you default on the policy = You don't have insurance

rG-tom · 31 Mar 2009 at 00:53

whoa wait, im NOT unemployed

i was just messing around with different job titles and wondered if it made a difference!

rG-tom · 31 Mar 2009 at 00:54

Skeeter said:
Because 'Unemployed' suggests no income.

Whereas 'Housewife' suggests there is income into the house, that isnt you.

well if my partner was still in work, which she is, then there would be income

(but im still employed so dont worry)

Janesy B · 31 Mar 2009 at 01:24

I love how people come to conclusions :rolleyes:

The insurance companies sure know how to kick you when you're down

agw_01 · 31 Mar 2009 at 01:26

Janesy B said:
I love how people come to conclusions

Sorry, what?

Despite how not too long back, Tom was saying how he might be facing redundancy in the next few months?

Jez · 31 Mar 2009 at 01:27

agw_01 said:
Sorry, what?

Despite how not too long back, Tom was saying how he might be facing redundancy in the next few months?

He is rolleyes'ing at the insurance companies for being gits, ie, putting up premiums when you are likely at your poorest

agw_01 · 31 Mar 2009 at 01:29

Ah, sorry. I'll put my keyboard away

Janesy B · 31 Mar 2009 at 01:32

Somehow

rG-tom said:
....have you informed your insurer?

Just doing some quotes with bell i was just checking variations on my job title, and just wondered how much difference unemployed would make!

Turned into people thinking he was out of work.

teaboy5 said:
Did your shop close?

Do you not get enough business with the photos?

agw_01 said:
Damn, sorry to hear that Tom!

Hence me saying people are coming to conclusions. Is that not a fair point to make?

The rolleyes was an inappropriate choice of emoticon. I'm a bit tired and cranky and it's well past my bedtime

Jez said:
He is rolleyes'ing at the insurance companies for being gits, ie, putting up premiums when you are likely at your poorest

Oh and that as well. Insurance companies are an ass.

agw_01 · 31 Mar 2009 at 01:40

Janesy B said:
Hence me saying people are coming to conclusions. Is that not a fair point to make?

Yeah, the rolleyes were inappropriate really, but...

Despite how not too long back, Tom was saying how he might be facing redundancy in the next few months?

You can see why I thought that Tom was now out of work.

Janesy B · 31 Mar 2009 at 01:47

I know, I meant for the rolleyes to be fairly innocuous.

I'm best ignored after 1am as my brain gets a bit frazzled

Hedge · 31 Mar 2009 at 02:04

Ah crap ill have to do this because im unemployed at the minute.

My insurance is currently fully comp with business cover (as i needed it in last job), but i left my job recently and I start employment in the RAF on May 13th. So I no longer need fully comp/business,.. but i am unemployed

Hatter The Mad · 31 Mar 2009 at 02:10

Janesy B said:
I love how people come to conclusions

The insurance companies sure know how to kick you when you're down

They're not a charity. The premium is higher for each employment status because statistics show person of status X is Y more or less likely to have an accident than anyone else. So, they pay a higher premium.

Janesy B · 31 Mar 2009 at 02:13

A person who is unemployed is 40% more likely to make a claim? That's utter rubbish.

Hatter The Mad · 31 Mar 2009 at 02:16

Janesy B said:
A person who is unemployed is 40% more likely to make a claim? That's utter rubbish.

The likelihood is that an unemployed person costs an insurance firm a significant % (20-40%) more than anyone else. How else do you explain it?

agw_01 · 31 Mar 2009 at 02:17

Janesy B said:
A person who is unemployed is 40% more likely to make a claim? That's utter rubbish.

I agree, bearing in mind when I was unemployed the car sat outside the house 6 days of the week, whereas previously I'd used the car 5 days a week to commute to work.

Hatter The Mad, do you mean people paying monthly who default on payments?