insurance companies

[desA]

That is incredible.

To put some balance to this kind of thing, do you know what the price of a life is in Thailand, if a speeding driver tee-bones & kills a person on a motorbike?

THB30,000 ~ R7,500. Paid out by the road accident fund.

[Dave A]

I cancelled all other policies - saved my premiums and built up my own funds from that which seem to be more than anyone else had managed to recover when claiming from these professional con artists.

That's some hefty exposure you've got there, Marq. I looked quite closely at the prospects of doing something similar - the snag is one of my guys tee-bones a fancy Merc and then...? Without a knock-for-knock agreement covering the value of your own vehicle is the least of your worries. It's a pretty good argument for having at least balance of third party cover on vehicles (or not being worth a dime).

My philosophy is business (and life for that matter) comes with risk. What you want to cover with insurance is the stuff that could wipe you out.