Red Pennant - loading premium for over 70's

LeTouriste replied on 09/07/2019 11:21

Posted on 09/07/2019 11:21

We are in our 80's - in 2018 our premium was approx. £239.  This year it was increased to £644 because, we were informed, the underwriters did not like to insure members aged over 70.   Increased risks due to age are understandable but, in reality, there are some members under 70 who have greater health problems than those into their 80's.

Bearing this in mind, although a Red Pennant operator did not wish to discuss it, I suggested the following alternative:  For those of us over 70, retain the higher premium, but split it into two parts. Taking the above figures as an example, make the £239 a fixed basic charge, and the remaining £405 a form of bond - being refundable where no claim is made, and forfeited in the event of a claim.

For ourselves, the £644 was only accepted because we had already committed ourselves to the ferry charges and paid the deposit on our French campsite.  Considering that it cost us a total of around £1,200 just to land, a very good holiday can be had at a UK quality touring site for this sort of figure.

eurortraveller replied on 09/07/2019 11:36

Posted on 09/07/2019 11:36

A neat suggestion, but I fear it might not fly.

if you are willing to divide your insurance requirements then European breakdown/recovery is easy to obtain, regardless of age and without drastically increased premiums. Look at Eurobreakdown, QDOS, Brittania Rescue, and GreenFlag EuroPlus among others. 

Health and Medical cover is a bigger problem for someone your age, but the MoneySavingExpert website gives some clues of companies willing to cover older people - and you can try HolidaySafe, Staysure, GoodtoGo and Age Concern as well but much will depend on your medical history. 

Allow a full day to trawl through them and get quotes.

Tinwheeler replied on 09/07/2019 12:15

Posted on 09/07/2019 12:15

Mmm, whoever heard of an insurance company giving a refund in the event of there not being a claim?

It’s an attractive proposition but, unfortunately, not the way insurance works. 

AnotherDavid replied on 09/07/2019 13:37

Posted on 09/07/2019 12:23 by Longtimecaravanner

Did the club change their underwriters that this has only just come in? If so surely they should change again to protect their older members' interests.

Posted on 09/07/2019 13:37

The club does seem to have changed underwriters a couple years ago and this is not the only unwelcome  change. They changed the terms of Long Stay quite subtly  but with the effect that I would need two policies where one had done for both trips. I now use the C&CC alternative ato much less cost. However if I keep going after 80 they won't cover at all 

birderbilly replied on 09/07/2019 14:20

Posted on 09/07/2019 13:37 by AnotherDavid

The club does seem to have changed underwriters a couple years ago and this is not the only unwelcome  change. They changed the terms of Long Stay quite subtly  but with the effect that I would need two policies where one had done for both trips. I now use the C&CC alternative ato much less cost. However if I keep going after 80 they won't cover at all 

Posted on 09/07/2019 14:20

What was the subtle change David ?

LeTouriste replied on 09/07/2019 15:04

Posted on 09/07/2019 11:37 by Dorset Diver

I very much like your idea of split pricing but sadly I very much doubt that it will be adopted.  

Posted on 09/07/2019 15:04

There are many things we take for granted today, but which were hard-fought for in the past.  Unlike some countries, UK people are not very good at voting with their feet, making it a Mecca for the likes of insurers and such.  The Club would not be happy to risk a massive loss in membership, and the insurers would not like losing the thousands of "safe bet" policies that are sold every year.

And to the younger members I would remind them that they will one day  meet the same financially harsh rulings.  Also, when the insurers have 'brainwashed' members to accept current financial screw, what other pocket-raiding ideas do they plan for the future?

Wildwood replied on 09/07/2019 15:35

Posted on 09/07/2019 15:35

Cover for those over 80 is available elsewhere and if the clubs underwriters will not accept them then the club with its massive premium potential could easily move the business to one who will. Sounds like they are letting the members down.

AnotherDavid replied on 09/07/2019 16:29

Posted on 09/07/2019 14:20 by birderbilly

What was the subtle change David ?

Posted on 09/07/2019 16:29

In past years a122 day long stay policy could be used on more than one trip up  and for a long time we took an early trip of about  75 days returning home for about 8 weeks and then using the balance of about 47 days on an Autumn trip. The change introduced  (and not widely publicized) restricts return home between trips to 2 weeks. The result would have meant taking out a second policy to cover the autumn trip at as far as I can recall  £270. I swapped to the other club.

Wherenext replied on 09/07/2019 18:03

Posted on 09/07/2019 18:03

I'm of the same opinion as Wildwood. The club has a huge membership base and should be looking after all of its members interests. The same apllies to all of the other insurance sectors, particularly motor insurance. 

They are simply not making the most from their strong bargaining position.