PI insurance

[Bobbins]

Does PI insurance mean anything in terms of competence? Would I need PI to be deemed a competent risk assessor or would I need to be competent before I got PI?  Would my premiums be reduced if I had a third party accreditation?

I haven’t looked in to this yet so a shove in the right direction would help.

[colin todd]

 Does PI insurance mean anything in terms of competence?

Does having car insurance mean you are a competent driver? Some poor unsuspecting insurer, insures my daughter, who they have clearly never seen take off down our lane.

Would I need PI to be deemed a competent risk assessor 

2. Deemed by who?

3. or would I need to be competent before I got PI

I am sure the insurer would be pleased if you were, but some people will insure anything.

  Would my premiums be reduced if I had a third party accreditation?

 

All depends on the mood of the underwriter when you ask him, unless you are insured under a scheme. Then they take the rough with the smooth, albeit with a basic assumption of a filter of some kind for those who are part of the scheme.

[Bobbins]

The IFSM and the IFPO require PI to get on their registers of competence.

Hence the question does PI add to my competence or is it just a sensible thing to have?

If I pass my advanced driving test my car insurance comes down but by the sounds of it if I have a listing on a competence register it means little or nothing. 

[colin todd]

1. It is not any sort of badge of competence.
2. It is common sense to have, but having it should not be sufficient to give someone professional recognition.
3. Your advanced driving test will only get you a discount with certain insurers who are expensive to begin with.