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Daily banter For everything, and anything that doesnt fit in elsewhere |
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#11
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It adds cost to our premiums as a nation, and profit to the insurance and motor industry in general - cons and pros I guess
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#12
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Audi A8 D3 2006 - 4.2 TDI in Phantom Black Last edited by audifin; 14th March 2016 at 10:01 PM. |
#13
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Not at all, I'd already had that agreed by the Co-op. I also had other "accident management" companies offering their services. Which they don't do out of the goodness of their hearts - they're in it to make money, and create another middleman and layer of costs, which - as already pointed out - ultimately just adds to the premium paid by us, the policyholder.
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#14
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I had very similar experience to yours with my (non fault) claim, it was repaired in Audi approved body shop with no hassle - I had to demand it though. However, as pointed out above some insurance companies can be very difficult about it. Audi's incentive here is of course to make money - by getting the repairs done by their dealers/partners. They also collect a database for marketing etc.
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Audi A8 D3 2006 - 4.2 TDI in Phantom Black |
#15
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#16
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? Of course they make a profit, All businesses endeavour to make a profit, I think I've lost you now
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Audi A8 D3 2006 - 4.2 TDI in Phantom Black |
#17
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I guess it could also be argued that increased costs and even company profits are good for the economy, as when cash flows it creates tax income - well it should |
#18
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It's pretty straightforward arithmetic really: A+B+C is always >A+B - unless of course C is negative - i.e. they make a loss. Not the most interesting thread on here though, so probably not worth a further contribution really. |
#19
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It is pretty straight forward indeed. Audi wants the repair business, so they've setup this "Ensurance" scheme to grow that business. Yes that will be additional cost to Audi, but any form of marketing costs money.
I own an Audi and in case there is a accident I want it to be repaired by Audi and no-one else. If I had a Tesla I would want it to be repaired by Tesla and no-one else etc. So for me as an Audi-owner it is a no-brainer to sign up for free. I have zero experience in these accident management companies, but what I can gather is that they do what insurance companies would need to themselves otherwise. If the insurance companies are recommending third-party accident management companies, I am guessing it is more cost effective to them than doing it themselves. Therefore you could argue that they are actually reducing the total cost of insurances.
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Audi A8 D3 2006 - 4.2 TDI in Phantom Black |
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