So much for Direct insurance being cheap!

[Phil Cooper]

In the last week I have twice quoted against Outsurance.

The one guy said that he was letting me as he was recommended by a friend, but did not expect anything, as the Outlaws were so cheap compared to his old Insurers when he transferred 2 years ago.

I saved the first guy 28%.

The second - who said I had no chance - 42.1%. Nearly R1,000 per month.

And - categorically - both have MUCH wider covers. ALL their goods are now on a full All Risks basis - and this means ANYTHING that they take out of the house is automatically covered....

So much for "saving lots of premium by cutting out the middle man"!

[sterne.law@gmail.com]

And then we have the HIPPO - the majority (if not all) the quotes are from the same company>

[Justloadit]

Just shows how powerful the marketing that they do is.
People are so blinded by the adverts they do not even see this.

[Phil Cooper]

If you see something often enough, it MUST be true!

You owe me R100

You owe me R100

You owe me R100

You owe me R100

You owe me R100 etc ad finitum

[murdock]

And then we have the HIPPO - the majority (if not all) the quotes are from the same company>

and boy do they harrass you once you give them your details...the emails just dont stop.

[Phil Cooper]

I think that is the case with ALL Direct Insurers.

AND - when you phone them to cancel - do they suddenly drop their rates to try and keep you!

You are right re Hippo - while they quote on different providers all are in the Telesure group - Auto and General, First for Women, Budget, Dial Direct ......

NOTHING wrong with Auto and General - their service is great.

[Nickolai Naydenov]

Phil, I don't like those companies either and I don't mean to be rude or anything but if you want to advertise your services there's a section in the forum where you can do that, however naming companies and talking against them is not ethical and is one of the things that can void your "fit and proper" status therefore removing your license(I'm sure you know that). It's not like I'm gona now report you to the FSB but come on just be ethical doesn't matter how crap a company is, I know where you are coming from, I'm sure you are saying it beacuse of claims, premiums and etc you have seen, just be professional thou, give people great service and they will stick with you, quality and trust is all that it takes

[flaker]

Nickolai,the truth is the truth. Nothing wrong with that. I'm sure Phil will be able to produce his 2 newly acquired clients and prove their savings should the need arise.

[Dave A]

Truth, I'm sure. But I also believe Nickolai's caution is worth bearing in mind.

[Blurock]

I really get annoyed when someone phones, usually around 6pm to offer a FREE insurance survey. In stead of telling you that they are selling insurance and taking NO for an answer, they try to con you into doing a survey. They will then compare prices and come back with a better offer.

This is what puts me off direct selling and why I am working on a new invention; an ERASE button on my phone...

[Dave A]

I really get annoyed when someone phones, usually around 6pm to offer a FREE insurance survey. In stead of telling you that they are selling insurance...

Seems a very common strategy with life assurance and "investment advisors." I get plenty of calls at my office offering a free investment plan analysis.

Strictly speaking it isn't misrepresentation - doing a needs analysis is the first step in selling financial products anyway. But it sure feels like misrepresentation

[Nickolai Naydenov]

Seems a very common strategy with life assurance and "investment advisors." I get plenty of calls at my office offering a free investment plan analysis.

Strictly speaking it isn't misrepresentation - doing a needs analysis is the first step in selling financial products anyway. But it sure feels like misrepresentation

Truth is there are decent people doing their job properly and there are the ones wanting to sell you stuff who make everyone in the industry look bad. The whole excersise can be of huge benefit to you if done correctly and if the person is competent.

[Phil Cooper]

Agreed, Nikolai.

A GOOD advisor, who does their job properly, is worth their weight in gold!

[Blurock]

Agreed, a needs analysis is essential in any advisory function, whether an architect or a zoom lens salesman. It is the unprofessional way in which these people are trying to get a foot in the door that irritates me.

It is easy to spot a professional. they do their homework and they get an introduction or will approach you in a professional manner. They do the GROUNDWORK. Unsolicited cold cold calling is for broom salesmen and is not for professional people. Would you go to a doctor, dentist or lawyer who solicits clients by calling everyone in the phone book at night?

[Dave A]

they do their homework and they get an introduction or will approach you in a professional manner. They do the GROUNDWORK. Unsolicited cold cold calling is for broom salesmen and is not for professional people. Would you go to a doctor, dentist or lawyer who solicits clients by calling everyone in the phone book at night?

What's the difference between working a client's list of contacts and unsolicited cold calling?