Saga Share Discussion Threads

[edmondj] 12/7/2019 14:18

Depends what people want from insurance packages; which varies; hence why tricky to predict upshot from Saga's changes.

Personally I am only in house insurance for fire, major theft or a tree falling on the place. Have only claimed for a car when stolen.

Meanwhile others make serial claims; I see more likely as paying twice for, via higher premiums long-term.

[spob] 12/7/2019 11:09

" If I assumed a more likely 15% rate of inflation "

crikey this isn't venezuela

around 2% is acceptable imo

[zulu_principle] 12/7/2019 10:46

[Edited] The point I was making in my previous post was that the Saga three year fix (in this instance) was clearly incredibly bad value for money.

It shows a disdain on behalf of Saga management for their customers in that they obviously think they can be easily misled, confused, etc and will willingly accept anything you care to offer them so long as you brand it "new" or "ground-breaking".

Companies that treat their customers like fools don't have a good survival track record.

[dr biotech] 12/7/2019 10:30

Things is though there are plenty who will like the no-hassle nature of a 3 year fix. If I had a quote that was close to my current premium and was fixed for 3 years I'd take it. I sometimes value my spare time at £30hr or so - just gives a bit of perspective on what you think you are saving.

I had a bump with my last car - had M&S car insurance who were very good. But I still ditched them come renewal. Service not always the be all either.

[husbod] 12/7/2019 10:15

Edmond. I don't have any Saga insurance but this mania for going for the cheapest in everything seems to ignore that old maxim, which I think still applies in most situations, that you get what you pay for.I might even venture to suggest that this was good old Tommy Cookes downfall - they went too far down market. Plus criminally incompetent management.As for this 3 year thing I don't suppose you have to go for that option.

[edmondj] 12/7/2019 09:47

You can likely easily undermine SAGA's quotes for over-50's e.g. via GoCompare. Admittedly I don't have destructive kids, cats or dogs, lose my keys or spill red wine, so don't know how policies compare if you want to make regular modest claims.

[zulu_principle] 12/7/2019 09:37

Sorry to say I got cold feet on this one and bailed out a couple days ago. The killer was requesting a quote from SAGA for my household insurance which came in at £229 for one year or £298pa if I wanted a three-year fix.

You don't need to be a mathematical genius to work out that paying £298 for three years comes to a total of £894.

Even if I assume 20% compound annual premium inflation the amount payable under the single year deal renewed for three years is only £835! If I assumed a more likely 15% rate of inflation the total 3 year cost would be £796 - a saving of nearly £100 on the "gound breaking" three year fix offer.

I'll sit on the sidelines for now and wait for concrete good news before dipping in again.

On a completely different issue - amazed to see people actually buying Thomas Cook shares this morning!

[buywell3] 12/7/2019 08:48

No chart bottom yet


I suggest certain numpty's learn such things before misleading others

dyor

[buywell3] 12/7/2019 08:44

Don't be daft

koetser11 Jul '19 - 09:20 - 2637 of 2651

Have we finally left 40p behind?

[gripfit] 11/7/2019 22:46

45p tomoro ........

[pete160] 11/7/2019 22:43

Thanks guys, I'll take a look at those.

[koetser] 11/7/2019 20:08

Pete160 I use cmc Markets trading platform yes definitely get it automatically done.

[blueball] 11/7/2019 18:32

Stay long.

[davr0s] 11/7/2019 18:25

If you want a trailing stop try IG spreadbet. Also 10% guaranteed stop in saga I think so you are protected from a big gap down

[pete160] 11/7/2019 18:23

Out of interest, do you have a broker that allows trailing stop losses, or do you do it manually? HL floated the idea some years ago of trailing stop losses but nothing ever came of it as far as I am aware. It would certainly make the job easier and remove more of the emotion of selling

[koetser] 11/7/2019 17:30

Erogenous Jones,

Thank you for the reply. Not sure how TA works in a shock scenario such as saga. I bought in only after the recent fall. I too will b out around 60p or above. Probably set a trailing stop loss and follow the share upwards once I am in profit (above 51.7p) That 40p barrier was a tough one to crack. Should be relatively plain sailing upto around 48p.
This is majorly undervalued in my opinion and recent announcement from DART I think (the company that owns jet2) shows that holiday makers are still booking. Insurance well hopefully their stategy works out. I agree that once a new CEO comes in this should fly.

[koetser] 11/7/2019 16:15

Nice price action today 👍

[husbod] 11/7/2019 11:45

A propos my earlier post Titan have managed to get the additional seats on the plane so off to see Orange Tangs and other wildlife in their natural environment even if the air travel helps to destroy their climate!So no problem with customer service on the travel side.On the other side I used to have my travel insurance with Saga until I overlooked accepting their renewal terms in time. They then treated it as a new application and refused to cover me. I seem to recall being unhappy and vowed never to use their insurance services again. Which I haven't. So as far as I am concerned they can offload their insurance side and invest the money in more and better retirement villages or floating care homes!

[pete160] 11/7/2019 11:23

The more that insurers pay out the lower the profits.Said slightly tongue in cheek, but I do wonder how much business these days is from people shopping around and going for the lowest price and how much they actually lose from poor customer service on the small % of claims that are made?I've not a huge amount of experience of insurance claims but just about the best one that I've heard of for claims handling is the Nfu mutual. They are rarely the cheapest (and certainly not for motor insurance) but their claims handling and payout is very highly rated.

[edmondj] 11/7/2019 10:42

My point is that the insurance side needs to turn around otherwise success c/o two new cruise ships may chiefly end up repaying debt and supporting modest performance or even losses in insurance. After 5 years of having had Saga insurance pushed at me, and carefully checking the market, I've personally not found it competitive. Then there are these low-starred reviews about customer service experience on the insurance side especially when a claim needs making.

Nothing to do with pedantic complaints, compensation culture etc, on the travel side:

[american idiot] 11/7/2019 09:26

The penant finally breaks to the upside.

43p firmly the target still.

[koetser] 11/7/2019 09:20

Have we finally left 40p behind?