Post Cv19 Pay more, pay less?
Discussion
As a follow on to Gottans post earlier, I wondered what, (if (any) adjustments) might will be made to the things people have paid for, but have not been able to use, owing to the CV19 outbreak and the measures being taken to contain it?
As in Gottans thread, it seems that `some' insurance companies may offer customers money back. for the time drivers have mainly been in lockdown, and may have used their vehicles very little if at all. As the road must be regarded as being virtually empty, compared to normal, has this reduced the number of accidents that insurance companies usually have to pay out for to minimal levels
The government appear to extended MOT renewal dates, but will they, as some have asked, do the same with renewing VED? the consensus seems to be `don't be bloody daft!' Currently It seems the we are perfectly able to have a car, so that we can carry on paying all the expenses associated with doing so, we are just not `really' allowed to use it
Since a few people here will have paid out for various, and sometimes very expensive club memberships, and or facilities, e.g A Golf club, which owing to the lockdown, we will not have been able to use, will these businesses give members a reduction in next years fees, equal to the time period they were not able to such clubs or facilities?
Or will such facilities and businesses actually put their fees in a bid to claw back some of their losses, from what has happened this year?.
It does seem a bit irritating for people to have paid in full for something (sometimes very expensively) that they have not been allowed to use for the period they actually paid for..
Anyone got any observations on what they think will happen with regard to this aspect of the CV19 lockdown?
As in Gottans thread, it seems that `some' insurance companies may offer customers money back. for the time drivers have mainly been in lockdown, and may have used their vehicles very little if at all. As the road must be regarded as being virtually empty, compared to normal, has this reduced the number of accidents that insurance companies usually have to pay out for to minimal levels
The government appear to extended MOT renewal dates, but will they, as some have asked, do the same with renewing VED? the consensus seems to be `don't be bloody daft!' Currently It seems the we are perfectly able to have a car, so that we can carry on paying all the expenses associated with doing so, we are just not `really' allowed to use it
Since a few people here will have paid out for various, and sometimes very expensive club memberships, and or facilities, e.g A Golf club, which owing to the lockdown, we will not have been able to use, will these businesses give members a reduction in next years fees, equal to the time period they were not able to such clubs or facilities?
Or will such facilities and businesses actually put their fees in a bid to claw back some of their losses, from what has happened this year?.
It does seem a bit irritating for people to have paid in full for something (sometimes very expensively) that they have not been allowed to use for the period they actually paid for..
Anyone got any observations on what they think will happen with regard to this aspect of the CV19 lockdown?
Well just like with individuals there will be a wide range of financial health in these organisations.
May be Admiral, realise the general drop off may occur and want to try and retain their customers and attract more and just fight to keep up the top or at least not slide down. Lot's of businesses that can muddle through best will benefit out the other side.
It's like that old adage about the guy saying to another "you can't out run that Lion" and him replying "I don't have to, I just have to out run you". Recruitment, Airlines and Insurance (perhaps almost everyone - including even supermarkets down the line) may well see various sized contractions but will be required, so this means many will go leaving the ones left to survive/thrive.
Golf clubs, could be like cars, you get downsizing/downgrading and so some might do better, some may really struggle, it depends how bad it gets, what was and is seen as essential/necessary now and in the past, may not be going forward? Needs must and that may mean no golf club for a year just a few pay and play rounds, no gym just jogging around locally (like they might already be doing) etc etc.
May be Admiral, realise the general drop off may occur and want to try and retain their customers and attract more and just fight to keep up the top or at least not slide down. Lot's of businesses that can muddle through best will benefit out the other side.
It's like that old adage about the guy saying to another "you can't out run that Lion" and him replying "I don't have to, I just have to out run you". Recruitment, Airlines and Insurance (perhaps almost everyone - including even supermarkets down the line) may well see various sized contractions but will be required, so this means many will go leaving the ones left to survive/thrive.
Golf clubs, could be like cars, you get downsizing/downgrading and so some might do better, some may really struggle, it depends how bad it gets, what was and is seen as essential/necessary now and in the past, may not be going forward? Needs must and that may mean no golf club for a year just a few pay and play rounds, no gym just jogging around locally (like they might already be doing) etc etc.
Not sure about private businesses but the government has committed to spending billions because of CV so is hardly going tp be giving out refunds. I guess with private business I think it's clear if they are taking "our" cash but not directly needing it they should give refunds. But I expect loads are losing as much as they are getting.
It will indeed be interesting, and for some a little painful to see how this all pans out post CV19.
I suspect a lot will just be put down to the hand of God scenario, and where people will be expected to just suck up their individual losses.
But for example, if a person had `just' paid for a years VED/Insurance/MOT/club membership etc just before the lockdown came into force, which owing to the lock down, they were not going to be able to use..Would they be wanting some kind of financial adjustment when the CV19 lock down is finally over, or would people just accept, that they have paid for something (sometimes expensively) that they could not access, or use, and just leave it at that?
I suspect a lot will just be put down to the hand of God scenario, and where people will be expected to just suck up their individual losses.
But for example, if a person had `just' paid for a years VED/Insurance/MOT/club membership etc just before the lockdown came into force, which owing to the lock down, they were not going to be able to use..Would they be wanting some kind of financial adjustment when the CV19 lock down is finally over, or would people just accept, that they have paid for something (sometimes expensively) that they could not access, or use, and just leave it at that?
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