CAMC Insurance

777 replied on 22/12/2019 15:35

Posted on 22/12/2019 15:35

In the early hours of 11th November, we had our 4 month old, top of the range twin axle caravan stolen by a gang of five very “professional” thieves carrying massive crow bars. They all wore balaclavas, and totally ignored the cctv cameras dotted around the storage site. They smashed through electric barriers, and gemmied off wheel and hitch locks, on both ours, and another similar nearly new caravan, removing the alarm and tracker boxes leaving them on the ground. They then drove off into the night using two vans with no number plates.  The police followed up, reviewed the cctv footage and declared there was nothing further they could do. Luckily we were insured new for old with the Caravan Clubs insurers, and their treatment of us and our claim has been absolutely first class. Their Loss Adjuster was very supportive, and gave us complete confidence. As a result, four weeks and three days from the day of the theft, payment was made in full,and we have our replacement 2020 model arriving in January. I could not recommend the CAMC insurance highly enough, they were absolutely magnificent.  

Freddy55 replied on 25/12/2019 21:54

Posted on 25/12/2019 20:59 by

You may be? Or you may not be? So either statement applies!

Certainly, as far as I can ascertain, the CMC has, in the past, said that this may be possible with regard to the company providing the CMC's policy which, however, comes into effect in the event that CMC cannot meet financial commitments. Certainly there has been no great clarity there from the club. My understanding is that the financial ombudsman does not regulate mutual cover schemes and hence why they are described as unregulated..

 

With a regulated insurance you are entitled to refer disputes to the Financial Ombudsman 

Posted on 25/12/2019 21:54

Whilst I’m perfectly happy to continue subscribing to C&MC cover and have no reason to think they’d let me down, I think the point you make is a valid one. The only thing that surprises me is that others don’t seem to understand it?

Tinwheeler replied on 25/12/2019 22:07

Posted on 25/12/2019 21:54 by Freddy55

Whilst I’m perfectly happy to continue subscribing to C&MC cover and have no reason to think they’d let me down, I think the point you make is a valid one. The only thing that surprises me is that others don’t seem to understand it?

Posted on 25/12/2019 22:07

Do folk not understand or do they perceive it not to be an issue of great concern? I’d not underestimate the intelligence of members.

replied on 25/12/2019 22:14

Posted on 25/12/2019 22:07 by Tinwheeler

Do folk not understand or do they perceive it not to be an issue of great concern? I’d not underestimate the intelligence of members.

Posted on 25/12/2019 22:14

Some seem to dispute what to me seems clear. I would hope however that those using CMC cover are aware and unconcerned.

Freddy55 replied on 25/12/2019 22:34

Posted on 25/12/2019 22:07 by Tinwheeler

Do folk not understand or do they perceive it not to be an issue of great concern? I’d not underestimate the intelligence of members.

Posted on 25/12/2019 22:34

Whether or not they understand it, the posts speak for themselves. Don’t patronise me, ok?

Tinwheeler replied on 25/12/2019 23:04

Posted on 25/12/2019 22:34 by Freddy55

Whether or not they understand it, the posts speak for themselves. Don’t patronise me, ok?

Posted on 25/12/2019 23:04

Second thoughts and comment Deleted User by TW on this day of Seasonal Goodwill to all. 

davetommo replied on 26/12/2019 09:23

Posted on 25/12/2019 22:14 by

Some seem to dispute what to me seems clear. I would hope however that those using CMC cover are aware and unconcerned.

Posted on 26/12/2019 09:23

The proof of the pudding is in the eating. They paid the OP no problem

replied on 26/12/2019 09:29

Posted on 26/12/2019 09:23 by davetommo

The proof of the pudding is in the eating. They paid the OP no problem

Posted on 26/12/2019 09:29

The CMC did as expected. No reason to expect that it would not if the insured complied with T&Cs.

There would not be a problem with a mutual insurance unless there was a dispute. As I have said at least twice the CMC offer a good cover.

replied on 26/12/2019 11:00

Posted on 26/12/2019 09:29 by

The CMC did as expected. No reason to expect that it would not if the insured complied with T&Cs.

There would not be a problem with a mutual insurance unless there was a dispute. As I have said at least twice the CMC offer a good cover.

Posted on 26/12/2019 11:00

The user and all related content has been Deleted User

replied on 26/12/2019 11:16

Posted on 26/12/2019 11:00 by

There may be a problem when a mutual company with very limited reserves reaches a point when the powers that be decide to reduce payouts or not to pay, rather than invoke the use of the back up insurance.

Liverpool Victoria, another mutual, has reserves of some £8 billion, how much does CC Ltd have?  

Posted on 26/12/2019 11:16

Although LV is a mutual company the caravan insurance is an actual regulated insurance underwritten by LV Insurance Ltd I believe.

replied on 26/12/2019 11:21

Posted on 26/12/2019 11:16 by

Although LV is a mutual company the caravan insurance is an actual regulated insurance underwritten by LV Insurance Ltd I believe.

Posted on 26/12/2019 11:21

The user and all related content has been Deleted User
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