Outsurance only pays twice


Outsurance only pays twice

In July, Brian Sauer’s Chevy Aveo – with automatic transmission – was stolen from outside his plumbing supplies store in a Midrand factory compound. Within two weeks Outsurance had paid out, they were brilliant. But, when the new car was stolen he proved to be too expensive for his insurer and they promptly cancelled his policy and blacklisted him.

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Submitted by : Pete Swanepoel of MONTCLAIR on 2012-11-02 08:33:46
"Sauer had paid only R21,000 in premiums, while Outsurance had already had to pay out over R150,000 in claims in a short period. Not much of a deal from their point of view."
So Outsurance admits they're not actually into insurance, but into PROFIT OFF YOU PERSONALLY?
Insurance is where you balance ALL income against ALL payouts, not a one-on-one theft of a guy's money without any cost to you!!!
 
Submitted by : Clive Varejes of GALLO MANOR on 2012-10-29 17:59:20
Before you approach the insurance Ombudsman, perhaps a reading of the various noseweek articles on the 'effectiveness' of this gentleman may be in order.
 
Submitted by : Myron Robinson of East London on 2012-10-26 14:09:20
Typical of Insurance Companies. If it is a legitimate Claim/s then Sauer should not be victimised. Insurance Company's gladly take your premiums but the first thing they do is to look for ways repudiate when you claim. For the spokesman to say "She informed us that Sauer had paid only R21,000 in premiums, while Outsurance had already had to pay out over R150,000 in claims in a short period. Not much of a deal from their point of view" is ludicrous. I have had 2 insurance claims in 39 years of driving, the last one was in 1990 and was only about R4 000.00 damage (a bumper) at that stage (on a vehicle worth R90 000.00) You can imagine how much I would be in credit had I self insured but we cannot take that risk. Rightly so the insurer should be taken to task. I suggest that Sauer goes to the Insurance Ombudsman.

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