yes as far as I am concerned the analysis is correct
no loss no claim ( hardly ever happens)
same pricniple if a kind dad pays for a fender bender then there is no claim - obvious thing is - claim for the fender, and Dad says - early christmas prezzie - but THAT was not asked.
I have hardly ever claimed on insurance because
all low claims
I live in bidonville and the first reaction is ' fraudulent claim'
oh and James McFaaaairson ( decd ) who would send the kids in whilst you were at work - if they turned in an insurance cert used ( he had a sense of humour he had) to write to the insurance co and say it was a put up job!
now dead