Bye Bye Setanta Insruance

bear1

http://www.rte.ie/news/business/2014/0417/609487-setanta-insurance-liquidation/

Anyone here going to be affected by this?

biko

Nope

ScumLord

No, insurance is a form of gambling.

kneemos

biko wrote: »

Nope

You might get hit by an uninsured Setanta driver.

bear1

As it has collapsed, does it mean anyone with that has car insurance with them is now void?

kneemos

bear1 wrote: »

As it has collapsed, does it mean anyone with that has car insurance with them is now void?

Yeah,you no longer exist.

bear1

Jaysus it's serious so....

SEPT 23 1989

My van is off the road over this shambles

i need this like a hole in the head:mad:

AlmightyCushion

SEPT 23 1989 wrote: »

My van is off the road over this shambles

i need this like a hole in the head:mad:

You have several holes in your head and you need them.

cmac8

I am insured with this crowd via a broker

The broker said that I am now going to have to pay up the remainder of my policy which doesnt run out until December before I can get a new policy.

At present i am paying by direct debit.

Is this right?

Fred Swanson

This post has been deleted.

bear1

That sounds a tad strange in my opinion. I'd be putting a stop to the DD quite soon if it was me.

bear1

Fred Swanson wrote: »

This post has been deleted.

Which then falls on our premiums

SEPT 23 1989

cmac8 wrote: »

I am insured with this crowd via a broker

The broker said that I am now going to have to pay up the remainder of my policy which doesnt run out until December before I can get a new policy.

At present i am paying by direct debit.

Is this right?

better not be

Fred Swanson

This post has been deleted.

bumper234

cmac8 wrote: »

I am insured with this crowd via a broker

The broker said that I am now going to have to pay up the remainder of my policy which doesnt run out until December before I can get a new policy.

At present i am paying by direct debit.

Is this right?

Why would you have to pay for a policy that no longer exists and a service they no longer provide? Get looking for new insurance asap and cancel any DD related to this.

darkpagandeath

cmac8 wrote: »

I am insured with this crowd via a broker

The broker said that I am now going to have to pay up the remainder of my policy which doesnt run out until December before I can get a new policy.

At present i am paying by direct debit.

Is this right?

No as the service is no longer available. The broker is chancing his arm. If the company is gone from today the service has stopped today no further payment necessary.

bogwalrus

Car insured with them via broker until September. Called broker they said I need to get new insurance. Found out that setanta was bought out last year so why doesn't parent company take responsibility? Also never knew setants was not recognised by central bank as being legit. Last time I use my broker.

SEPT 23 1989

Setanta 540.00 new policy 830.00:(

ScumLord

SEPT 23 1989 wrote: »

Setanta 540.00 new policy 830.00:(

Maybe that's the difference between going bust.

stoneill

Liquidated in Valletta, Malta?
Business address In Ballycoolin.

cmac8

bogwalrus wrote: »

Car insured with them via broker until September. Called broker they said I need to get new insurance. Found out that setanta was bought out last year so why doesn't parent company take responsibility? Also never knew setants was not recognised by central bank as being legit. Last time I use my broker.

Were you paying direct debit and if so did you have to pay the outstanding balance?

caustic 1

My broker told me they didn't accept DD so paid in full last month.:mad:

delthedriver

Cheapest is not always best!


How many times have we seen this before, a new Insurer enter the Market at ridiculously low rates.


They undercut the established Insurers by hundreds of euro , only a few years later they go out of business.


Will people ever learn?


Probably not !

Pretzill

delthedriver wrote: »

Cheapest is not always best!


How many times have we seen this before, a new Insurer enter the Market at ridiculously low rates.


They undercut the established Insurers by hundreds of euro , only a few years later they go out of business.


Will people ever learn?


Probably not !

It's not that simple. Setamta have been around for a few years now and many of the insurance companies won't insure vans - then the small amount who do charge almost double. Will people ever find away down off their high horse?

And yes I'm affected by this and in the humour for an argument

caustic 1

When will people who judge me for going for cheaper learn it's all I can afford, If I could afford better then I'd have it.

delthedriver

When it is too good to be true, it usually isn't !!!

caustic 1

I have been using that company a good few years now through a broker and never had any problems till now.

dr.bollocko

I am with setanta through a broker.

My policy is up in 2 weeks. Quick call to the broker (after a half hour holding) and I am switched over to somebody else.

I got very lucky tbh that my policy was up so soon. Feel sorry for any folks stung worse.

Corvo

Work in insurance business myself (broker)

It's like a mad house

Conmaicne Mara

I was with Setanta until some time in Feb. Broker sent me a ridiculous letter saying I should stay with Setanta and pay €590 for the pleasure of doing so. Stuff that, shopped around, got a quote of €390 with Axa so went with them. Am a pay in full kinda guy so did that. Broker got back to me in a fluster saying quote was wrong, should have been much, much less and reconsider. I said that's SFA use to me now is it, letter should have been right coming out to me and I was going to stay with Axa as I didn't think broker was doing SFA in MY interests. I was happy with the decision that day but I am very, very, very happy with my decision today.

phobia2011

Would a broker not have to take some responsibility ?????

sean_mcg

phobia2011 wrote: »

Would a broker not have to take some responsibility ?????

I was going to ask the same question, shouldn't they be responsible as they are the ones who acquire the cover for the client?

kneemos

sean_mcg wrote: »

I was going to ask the same question, shouldn't they be responsible as they are the ones who acquire the cover for the client?

Thought there was a reserve in place for this sort of thing.

Ann Landers

My boyfriend is an insurance broker. Yeah, he's working late tonight...

Stavros Murphy

stoneill wrote: »

Liquidated in Valletta, Malta?
Business address In Ballycoolin.

The Krays had them sussed..damn Maltese..happily, i'm with AXA as "Setanta" sounded a bit christmassy to me. Sorry for yer losses though. Gives new meaning to "insurance broker" though. Broker than before.

MS.ing

the weekend thats in it too. o dear

smcgiff

This is car insurance we're talking about.... why do people go through a broker/middle man?

smcgiff

Ann Landers wrote: »

My boyfriend is an insurance broker. Yeah, he's working late tonight...

Yeah, that's what he's telling you *suggestive nudge*

MS.ing

smcgiff wrote: »

This is car insurance we're talking about.... why do people go through a broker/middle man?

time is money no doubt.

punisher5112

Going to be a problem for me as I was hit by one of their insured drivers 2 years ago and waiting for court date . I'm very annoyed.

overshoot

smcgiff wrote: »

This is car insurance we're talking about.... why do people go through a broker/middle man?

as the brokers often manage to get better deals...
iv just signed up to allianz through the AA, 100 euro in the "best offer" difference v allianz on their own, and that was before i added business use and step back (which somehow lowered it further )
thank flip i hadnt head of setanta although dad has got stung and only 2 months into his policy

cmac8 of course tell them to shove it, they have broken their end of the contract first... if anyone owes anyone money its not you!

Ann Landers

Corvo wrote: »

Work in insurance business myself (broker)

It's like a mad house

Yeah, boyfriend is the same, it's gonna be a late night!

carlowmurphy

cmac8 wrote: »

I am insured with this crowd via a broker

The broker said that I am now going to have to pay up the remainder of my policy which doesnt run out until December before I can get a new policy.

At present i am paying by direct debit.

Is this right?

I'd tell them where to stick it. No way should you have to pay them!

Ann Landers

smcgiff wrote: »

Yeah, that's what he's telling you *suggestive nudge*

Oh yeah, he's also fingering yer wan from the office as I type this but sure that's normal.


:pac:

Maphisto

cmac8 wrote: »

I am insured with this crowd via a broker

The broker said that I am now going to have to pay up the remainder of my policy which doesnt run out until December before I can get a new policy.

At present i am paying by direct debit.

Is this right?

Yeah right, sounds more like time to get a new broker, and cancel the DD.

I used to be with them until the premiums started creeping up a couple of years ago. Allah be praised.

I wish you and everyone else in this $hit (of someone else's making) well

bogwalrus

cmac8 wrote: »

Were you paying direct debit and if so did you have to pay the outstanding balance?

I had it paid for the year.

antodeco

Ann Landers wrote: »

Yeah, boyfriend is the same, it's gonna be a late night!

Be gas if it was the same fella and good oul AH uncovers another relationship demise!

Conmaicne Mara

smcgiff wrote: »

This is car insurance we're talking about.... why do people go through a broker/middle man?

An aversion to sifting through policies and small print I imagine.

dr.bollocko

smcgiff wrote: »

This is car insurance we're talking about.... why do people go through a broker/middle man?

Every year I look at the numerous websites, the price comparison sites, call the regular guys, tell them what my renewal quote from a broker is and ask for the same deal, fully comp, no claims protection, breakdown assist. And every year so far the broker's renewal has come in at least 70 euro cheaper for the same level of cover. Same excess etc.

The second that an alternative company offers me a better deal I'll jump at it. And I'll keep checking until they do. But as yet they have not. Brokers also have some wiggle room that I never seem to get with the bigger call centre type places. So for me the reason I bother to go with them is just because they're cheaper.

delthedriver

Pretzill wrote: »

It's not that simple. Setamta have been around for a few years now and many of the insurance companies won't insure vans - then the small amount who do charge almost double. Will people ever find away down off their high horse?

And yes I'm affected by this and in the humour for an argument

Why won't Insurance Companies insure vans?????


Setanta did not last very long !