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Coronavirus: Insurer To Give £25 Refunds As Cars And Vans Sit Idle


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#1 mab01uk

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Posted 21 April 2020 - 06:17 PM

"One of the UK's biggest motor insurance companies, Admiral, is giving a £25 refund to customers as cars and vans sit idle in the coronavirus pandemic.

The payment will be paid automatically to anyone with a car or van insurance policy with Admiral on 20 April.

The company said it was a "thank you" to customers for staying at home, but also reflected the lower level of claims, benefiting its profits.

Other insurers are under pressure to follow suit.

Some are offering to defer premiums for those struggling to pay, but Admiral is thought to be the first one actually providing refunds directly to customers.

The owners of 4.4 million vehicles will receive the payment by the end of May."

https://www.bbc.co.u...siness-52367030

 

 



#2 Ethel

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Posted 21 April 2020 - 06:47 PM

Wonder what's in it for them?  :P

 

Can you insure against becoming a cynically miserable old git?



#3 MiddletoM

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Posted 21 April 2020 - 06:59 PM

Wonder what's in it for them?  :P

 

Can you insure against becoming a cynically miserable old git?

 

publicity. Thats it.



#4 Ethel

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Posted 21 April 2020 - 07:12 PM

Probably - might discourage some from cashing in their premium. For some it'll be a week's refunded others 'll get a month+  O_O



#5 xrocketengineer

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Posted 24 April 2020 - 01:41 PM

On our end, some insurance companies are advertising that they will refund up to 15% of the premiums. I received a letter the other day from my insurance, with whom I have 5 cars and the house. They were so considerate and concerned for my health that they were offering to get me one face mask if I replied.  :xxx:  






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