Earthmover Posted May 30, 2013 Share Posted May 30, 2013 Hi, Just in the process of ringing round for a insurance quote for our M/home. My current insurer has put the cost up by £28-00. I rang Caravan Guard, the young lady came back with a quote some £180 higher still, after telling her she must have got that wrong, she spoke to her supervisor and then said we will beat your existing quote by £25 but we will have to charge an extra £100-00 which you will get back after 90 days as a cash back.!!. Anyone else come across this before?. Cheers EM. Link to comment Share on other sites More sharing options...
Tracker Posted May 30, 2013 Share Posted May 30, 2013 Yes - one of 'em tried that on me a couple of years back, can't remember which one, but I called their bluff, refused, and made a counter offer of straight price with no faffing about. They originally said no but phoned me back two days later to say yes - by which time I had already insured elsewhere! I can perhaps see why they might want do this cashback thing for monthly paying people as maybe a way of securing continuation in the early months but I have no idea why they try it on for those of us who always pay in full? Link to comment Share on other sites More sharing options...
nowtelse2do Posted May 30, 2013 Share Posted May 30, 2013 They did it with me Rich, what you have to do is make sure you get a name and print off the details. They hope you will have forgot after the 3 months and you are too late (3 months and a day) to ask for it back. Dave Link to comment Share on other sites More sharing options...
malc d Posted May 30, 2013 Share Posted May 30, 2013 Looks like they are looking for an alternative to getting loans from banks. ;-) Link to comment Share on other sites More sharing options...
flicka Posted May 30, 2013 Share Posted May 30, 2013 Earthmover - 2013-05-30 10:25 AM Hi, Just in the process of ringing round for a insurance quote for our M/home. My current insurer has put the cost up by £28-00. I rang Caravan Guard, the young lady came back with a quote some £180 higher still, after telling her she must have got that wrong, she spoke to her supervisor and then said we will beat your existing quote by £25 but we will have to charge an extra £100-00 which you will get back after 90 days as a cash back.!!. Anyone else come across this before?. Cheers EM. So that next year they can quote you their full price + any increase & state the £100 was an introductory offer which is applicable for the FIRST YEAR ONLY. I've come across this before for other Insurances, but not for the Motorhome. Link to comment Share on other sites More sharing options...
Muswell Posted May 31, 2013 Share Posted May 31, 2013 We had this when we moved my wife's car insurance to the Post Office. The price didn't go up after a year and my conclusion was that it was a way of borrowing money at no interest. Remember the cut-price record business model of selling the records almost at cost and relying on the interest earned in the 90 day period before the money was due to the record company? Link to comment Share on other sites More sharing options...
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