Negotiation, Negotiation, Negotiation

UK Property Investment news and comments from Mark Harrison of YourPropertyExpert.com

Archive for the ‘Car Insurance’ Category

Thank you for the kind words

Posted by markharrison on September 7, 2007


rear end

Originally uploaded by Mark Harrison UK

I’d like to say a big “thank you” to all of you who have emailed me since Tuesday sending your best wishes. It’s amazing how fast word gets around.

Just to reassure you, I have whiplash, but am otherwise fine. My arm’s in a sling, but I went home in a breakdown lorry, not an ambulance.

The other party has admitted full liability, and her insurance company has taken over handling repair of the car directly with Brands Hatch Morgan. I am HOPEFUL that we will discover no chassis / frame damage, and that the car will be repairable.

Full marks to my insurance broker, who sorted out a loan car within 24 hours of the accident. At the moment, my arm means that I can’t really drive it longer than 5-10 minutes (but that’s fine to get to Church to sing for the wedding tomorrow morning.)

Mary and the kids were NOT in the car. The emergency services were on hand in 5 minutes. I live in a country with (for all our complaints) a good health care system.

However, let me tell you, standing in the overtaking lane of a 4-lane motorway, while the traffic in the other three sort of slows down to pass you is NOT a fun experience.

Posted in Car Insurance | 1 Comment »

An insurance revolution

Posted by markharrison on May 24, 2007

Back in December, I wrote that I was concentrating on a new role at a technology startup.

Well, the “non-disclosure period” is now over, and MyThingE.com has launched (authorised and regulated by the FSA.)

The principle is simple – we replace searching for quotations with a free-to-use, competitive process that puts you firmly in the driving seat.

Rather than just showing you a few standard quotations from a limited number of insurers, we provide your requirements (but not your personal details) to a range of FSA-approved insurers, and allow them to bid against one another for your business, typically over a week-long auction. By allowing insurers to bid against each other, rather than “quote blind”, we ensure that you get the best pricing (and of course, if it does turn out that your current renewal notice is the cheapest option – then you are under no obligation to go ahead with any of the bids through our system.)

Your insurance data is only available, securely, to approved FSA insurance providers registered with MyThingE.com . but your personal details (name, house number, phone numbers) remain confidential until/unless you accept a bid, at which point we reveal them to your chosen provider only.

We’re launching with three types of insurance:

  • Car insurance
  • Motorhome insurance
  • Property insurance (buildings and contents, including insurance for landlords – not just owner-occupiers or tenants )

(and more coming over the next few months.)
As you might imagine, while the concept is simple, the devil has been in the detail – ensuring that we’re providing all the information that insurers need, while traversing the minefield of regulation and getting our FSA approval has not been a quick or easy task.

However, with new insurers coming on board every day this week, the competition is getting fiercer, and that’s driving down prices.

It’s been a great six months for me – I’m Chief Technology Office (CTO) – the business has managed to blend my IT background, my experience in the financial products that surround property, and the buzz of working with a great team has been fantastic, and stretched my entrepreneurial creativity.

Registration is fast and free – www.mythinge.com for more details.

Posted in Car Insurance, Home Insurance, MyThingE, MyThingE.com, Property Investment | 8 Comments »

 
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