The Insurance Industry Doesn’t Want You To Know About This Simple Life Hack Which Could Save You Thousands

James Proclaims (4)

Hello, I’m James and this is my blog ‘James Proclaims’.

You may have clicked on this post on the basis that the title suggests it contains some kind of life hack for saving money – money which you would otherwise lose to the insurance industry.

In reality this post contains nothing of the sort. I know very little about the insurance industry. I have insurance for many things, and I expect I’m probably paying too much for that insurance in some respects. I do try to shop around, and I’m ultimately fairly skeptical about the benefits of insurance, but there are some circumstances when you are, nonetheless, legally obliged to have insurance and I don’t really know enough to know for certain that I am getting an especially good deal. Nonetheless, I’d imagine I am pragmatic enough, in most cases, to have the best deal I can get without devoting significantly more of my time to the pursuit of a really good deal. Because I find life more enjoyable when I’m not researching insurance.

I did once work in the financial sector but I was very much a low level admin monkey. I did, at that time, take the exam for the Financial Planning Certificate: Level One and I did pass. But I didn’t really understand that much about Financial Planning, it’s just that Level One is (or was at the time) a multiple choice test and I did just enough practice on past papers to be able to guess my way through most of the paper. Level One, in and of itself, wasn’t really an especially impressive qualification but it was a gateway to the higher level qualifications, which may have led to a more ‘prestigious’ career within the financial sector. I finished the exam in half the time of my colleagues who were also taking the test. They, unlike me, had degrees in Economics and one of them still managed to fail. I don’t know what that says about them or the test. I’d like to say I was magnanimous when the results came out but I was young and therefore probably a bit of an idiot about the whole thing. I left that job and somehow ended up working in education. I imagine that person still works in finance and they probably earn quite a lot more money than me by now. I don’t think I’d enjoy working in finance but I’m not sure I love working in education enough to justify the lower income. I suppose I could claim some sort of moral high-ground, but frankly it would be disingenuous and in any case it doesn’t pay the bills.

However, the main problem about me claiming to offer a life-hack in this post, is less that I know very little about insurance, so much as I don’t really know what a life-hack is. It seems to be one of those terms that floats around the internet as if everyone knows what it means, but from what I can tell, it is little more than a ‘top tip’ and more often than not it seems to be the re-stating of the blindingly obvious. In which case I could probably offer a bit of a life-hack on insurance, which would be this:

Shop around a bit.

Really though, the point of this post, was just that it’s Wednesday and currently on Wednesdays I write fairly empty posts with stupid click-bait titles.

They remain some of my most popular posts.

Make of that what you will.

  26 comments for “The Insurance Industry Doesn’t Want You To Know About This Simple Life Hack Which Could Save You Thousands

  1. August 19, 2020 at 5:51 am

    Well, there’s obviously a hack involved here. You know, with these clickbait titles you should probably have some pictures.

    Liked by 1 person

    • August 21, 2020 at 9:53 am

      That seems like more effort than the posts really deserve

      Liked by 1 person

  2. August 19, 2020 at 8:20 am

    I have little to say about insurance except to repeat Spike Milligan’s take on it. He looked at the extort- sorry, heavy premiums culled on a monthly basis from your hard earned wages, raising remorselessly through the years till becoming unaffordable in your dotage . He asked why the insurer charged so much and was told the name of the game was, basically, they were playing the odds against the punte- er, customer having an early expiration date. Spike asked what should happen should he sadly die in his prime, before his time, and the answer was ‘then you win!’

    Liked by 3 people

  3. August 19, 2020 at 11:07 am

    I think all of our insurance has been organised via our bank. We probably could find cheaper if we shopped around a bit but, like you, I seriously doubt that the money saved would be worth the time spent. And given how much I know, we would probably end up with a dirt-cheap policy that never pays out under any circumstances.

    Liked by 1 person

    • August 19, 2020 at 11:12 am

      I’m pretty sure I’m heavily reliant on never needing my policies to pay out…

      Liked by 2 people

      • August 19, 2020 at 11:13 am

        I imagine we all are…

        Liked by 1 person

  4. August 19, 2020 at 1:43 pm

    I think you should change that to Jump Around … and add the video.

    Liked by 1 person

    • August 21, 2020 at 9:54 am

      That would make as much, if not more, sense

      Liked by 1 person

  5. August 19, 2020 at 2:03 pm

    We had a huge hail storm that did a number on our roof, siding, deck, and vehicles. Our insurance company wasn’t going to do anything about damage, despite the fact that neighbours were successfully making claims. My husband threatened to go to the media — and we got a new roof, siding, as well as vehicles and deck repaired.

    Liked by 2 people

    • August 19, 2020 at 2:08 pm

      Yep, that pretty much sums up the insurance industry. And actually, that’s a pretty good ‘life hack’…

      Liked by 2 people

  6. August 19, 2020 at 2:14 pm

    Enough already. Just pay that invoice I sent you!

    Liked by 1 person

    • August 19, 2020 at 2:41 pm

      Sorry, you’ll need to contact the finance team. The number is on the website. Possibly not this website but if you contact our customer services team I’m sure they’ll be able to help.

      Liked by 1 person

  7. August 19, 2020 at 2:35 pm

    I live near an Amish community. They claim religious exemption from most insurance, and drive buggies instead of cars. The buggies are not insured, so when careless drivers crash into the poorly lit buggies on dark roads the Amish collect the insurance money without paying a dime into the system. Now there’s a life hack.

    Liked by 2 people

  8. August 19, 2020 at 7:34 pm

    My aunty used to get very regular visits from The Man From The Pru – and always appeared exceedingly rosy afterwards. Does that count?

    Liked by 1 person

    • August 19, 2020 at 8:49 pm

      Some of these policies do come with unexpected benefits, but I’m not sure if it is technically a life hack. I’ll check the small print.

      Liked by 1 person

  9. August 19, 2020 at 8:36 pm

    Hey, you reeled in ‘Discount Vouchers Now’. You never know, they might have a voucher you can use for your insurances.

    Liked by 1 person

    • August 19, 2020 at 8:47 pm

      I’m certainly in the big leagues now. I’ll try and put in a good word for you too.

      Liked by 1 person

      • August 19, 2020 at 8:53 pm

        Already snaffled them. Managed to get some Life and Style follower today, but that’s not a surprise really as my title actually had the word ‘style’ in it. The post itself didn’t have any though.

        Liked by 1 person

      • August 19, 2020 at 8:56 pm

        Nice work – reel them in with the titles. Must admit I’m a little disappointed I didn’t get any of the big players from the insurance industry today, but I’ll get one of them soon.

        Liked by 1 person

      • August 19, 2020 at 8:59 pm

        Looks like Colin might be going with ‘The Man from the Pru Provided Services to my Aunty’ tomorrow, so he’ll probably get them.

        Perhaps try ‘My Life is a General Accident’ or ‘I’ve got a Direct Line to Disaster’.

        Liked by 1 person

      • August 19, 2020 at 9:20 pm

        Pure gold – it’s no wonder you sign so many of the big hitters


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