Caravan insurance

[Mel]

Reading between the lines is there an ageism thing here for over 80s with touring or seasonal caravans?🤔

Ageism would be at work if there was an unevidenced and unfounded assumption that over 80s made more claims than under 80s.
If in fact they actually do make more claims and cost the insurance company more; then this is simple statistics and actuarial tables are calculated accordingly: not Ageism.

 

[otherclive]

Ageism would be at work if there was an unevidenced and unfounded assumption that over 80s made more claims than under 80s.
If in fact they actually do make more claims and cost the insurance company more; then this is simple statistics and actuarial tables are calculated accordingly: not Ageism.

But even so would such tables be a basis for not offering cover? Albeit at some astronomical premium that no one would purchase. Companies providing financial services can have a policy of not offering cover to certain age groups without being discriminatory on ageism.

https://assets.publishing.service.gov.uk/media/5a7970a640f0b642860d81bc/age-discrimination-ban.pdf

 

[Dustydog]

Ageism would be at work if there was an unevidenced and unfounded assumption that over 80s made more claims than under 80s.
If in fact they actually do make more claims and cost the insurance company more; then this is simple statistics and actuarial tables are calculated accordingly: not Ageism.

I've seen no evidence about age and claims frequency. I guess under the Freedom of Information Act the question could be asked of all caravan insurers?
As an example Caravan Guard say

What age of driver can you insure on your motorhome policy?

We can offer motorhome, campervan and American RV insurance to new customers from the age of 25 and up to a customer's 81st birthday. Once an existing

www.caravanguard.co.uk

No fun getting old🥲

 

[otherclive]

I've seen no evidence about age and claims frequency. I guess under the Freedom of Information Act the question could be asked of all caravan insurers?
As an example Caravan Guard say

What age of driver can you insure on your motorhome policy?

We can offer motorhome, campervan and American RV insurance to new customers from the age of 25 and up to a customer's 81st birthday. Once an existing

www.caravanguard.co.uk

No fun getting old🥲

I once heard someone say that “being old are the Golden Years” to which the reply was “ You either had a rubbish younger life, or have bladder problems “”.

 

[Buckman]

I've seen no evidence about age and claims frequency. I guess under the Freedom of Information Act the question could be asked of all caravan insurers?
As an example Caravan Guard say

What age of driver can you insure on your motorhome policy?

We can offer motorhome, campervan and American RV insurance to new customers from the age of 25 and up to a customer's 81st birthday. Once an existing

www.caravanguard.co.uk

No fun getting old🥲

I don't think you can use the Freedom of Information Act on a private business. It only applies to governmental institutions.

 

[otherclive]

Where an insurer does not issue policies for older driver groups they are supposed to “signpost” the would be customer to companies that do issue policies to that group(s).

Anyone on the Forum been ‘signposted”?

 

[Dustydog]

I don't think you can use the Freedom of Information Act on a private business. It only applies to governmental institutions.

Thanks. You are correct. How about asking the Financial Conduct Authority? They are supposed to ensure Insurers treat all customers equally and fairly without discrimination?🤔

 

[otherclive]

I find the CaravanGuard link in Dustys post quite ambiguous. A new policy can be issued until someone’s 81 birthday. But if it’s a 12 month policy it can only be taken out on or before 80th birthday.

Wrt their second paragraph on 81 years for existing policyholders this could apply to those who already hold policies not any new policyholders. So perhaps CaravanGuard are moving towards an approach that sees them not issuing policies to any 80 year olds plus. They can do that without infringing the Equalities Act 2010.


financial services (Equality Act 2010)

Providers of financial services (such as insurance companies and banks) will continue to be able

to use a person’s age as a factor in assessing risk and charging for their products. They will also be

able to continue to use age banding and age limits and to specialise in products only for certain

age groups. However, in making any risk assessments based on age, the company must base its

assessment on relevant information from a source in which it is reasonable to rely.

Individuals will be able to challenge a financial service provider if they think a risk assessment is

arbitrarily based on their age rather than on relevant information from a reliable source.