when Rhys Barker went to insure his car,
he was expecting a reasonable quote to insure his 10 year old Vauxhall Corsa which he bought second hand for £1,400, so you can imagine his surprise when motor insurance giant Zenith quoted him a price of almost £1.2 million for the year, the car owner, who lives in Salford Quays, Manchester, said: ‘I went through all the questions and then the quote came up for £1,165,977.75. I was convinced it must be a mistake, so I called them up on their helpline', well their helpline did help, they offered easy payment terms, paying in 12 monthly instalments of £104,000,
Gary Humphreys, group underwriting director at Markerstudy Group, which runs Zenith, told the Manchester Evening News, 'the price Mr Barker was quoted reflects that we have 'declined' to provide cover, as we would not expect a customer to pay such a high premium, this is not a case of pricing customers out of the market but quoting on the risks that are within our rating parameters and declining if they are outside',
so I guess that is a polite way of saying no, off, no further details were available from the firm.
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