robmack
Well-known member
In another thread, I found the following table which shows the premium earning schedule for motorcycles used by TD/MM/Primmum:
I switched from TD/Primmum to TD/MM this week to leverage a better group rate and earn a better discount on my premiums. I have a multi-line discount as well by including car and home in addition to the two motorcycles.
When came time to discuss premium scheduling, MM explained they will charge first and last on the initial payment and regular linear scale premiums on the remaining 11 months for the motorcycles. This goes counter to the scale published above. I would have expected premiums for the motorcycles to begin in March according to the scale above.
Furthermore, when I talked with Primmum about returning already paid premiums for unused insurance, they gave me nothing in return for the motorcycles stating the season was over, in line with the chart above.
Is there any advantage (or disadvantage) to me discussing the premium scale for the motorcycles with MM or let matters remain as they are?
- JAN: 0.0%
- FEB: 0.0%
- MAR: 5.0%
- APR: 10.0%
- MAY: 10.0%
- JUN: 20.0%
- JUL: 20.0%
- AUG: 20.0%
- SEP: 10.0%
- OCT: 5.0%
- NOV: 0.0%
- DEC: 0.0%
I switched from TD/Primmum to TD/MM this week to leverage a better group rate and earn a better discount on my premiums. I have a multi-line discount as well by including car and home in addition to the two motorcycles.
When came time to discuss premium scheduling, MM explained they will charge first and last on the initial payment and regular linear scale premiums on the remaining 11 months for the motorcycles. This goes counter to the scale published above. I would have expected premiums for the motorcycles to begin in March according to the scale above.
Furthermore, when I talked with Primmum about returning already paid premiums for unused insurance, they gave me nothing in return for the motorcycles stating the season was over, in line with the chart above.
Is there any advantage (or disadvantage) to me discussing the premium scale for the motorcycles with MM or let matters remain as they are?