Swiftcover will charge you extra to reduce THEIR risk. No, really.
We all know about Swiftcover – they like to give the impression that they’re different from other stuffy insurance companies, what with bunging wiry pensioner Iggy Pop some cash to appear in their dread advertising campaigns.
Of course, it all unravelled for them a bit when it turned out that Swiftcover had a zero tolerance policy when it came to actually insuring wild, cock-swinging rocksters like the ageing Mr Pop, something that led to a ‘swift’ backtracking from the befuddled company.
Now Bitterwallet reader Ferris has emailed us (and no, we didn’t ask if he was on his day off), highly pissed off at Swiftcover’s apparent unwillingness to get involved with anyone who might be deemed ‘a bit risky.’ He says…
[My father] has named both his younger daughters insured on his policy as learner drivers for the last few years. The first daughter passed her driving test in March, no problems there. The second daughter passed her test yesterday, and it was impossible to update her status to a full licence holder. Apparently this is because "Unfortunately having two drivers on one policy with a full UK licence for less than 1 year is classed as very high risk and we are unable to offer cover for both daughters on your policy."
Insurance company doesn't like risk? Well there's a surprise. Well, OK, seeing as it is impossible to update her status, let's just remove her from the policy altogether. That should reduce the risk, and with a whole three months left until renewal, the reduced risk has to provide some sort of refund. After all, a learner driver is a pretty risky proposition, and no doubt Swiftcover are charging us massively for the privilege of insuring such risk.
Not so. If we attempt to remove the learner driver from the policy, we are actually CHARGED to reduce the risk on the policy, the princely sum of £26.82. Not a huge amount, admittedly, but remember, this is for REDUCING THE RISK.
Ah, an extra £26.82. They’ll probably just write that off as an ‘administration charge’ – it means ‘we're screwing you out of the price of a pretty decent takeaway in return for someone here pressing a couple of keys on a computer.
As Ferris succinctly adds: “Bastards.”