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Old 15 March 2005, 17:02   #8
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woody57's Avatar
Join Date: Dec 2002
Location: Manchester
Age: 94
Posts: 801
Innsurance companies have radically changed how they fullfil most claims , most offer " As NEW " cover which translates to mean they will send goods as opposed to cash as :-

1) It cuts down on fraud [ the resale of goods being a fraction of the claim value for scammers ]

2) They get contract discounts from nominated suppliers [ Saving their shareholders money)

These days cheques are only given for specifically named items from the policy that have prenamed or large values .
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