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Laka users - how often are you paying the base rate, and how often are you paying the capped rate?
I like the idea of the model but I will like it less so if I’m paying the capped rate eight months out of 12
Early days for me, but I have paid close to the maximum in my first two months as they have had a lot of claims. I think this is going to be their problem long term and it isn't going to be particularly cheap, which, I think, is their main USP. I hope I am wrong though.
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Hey, we are quite transparent about his and you can read all about it here: [https://laka.co.uk/en/article/how-we-calculate-your-quote-gcutxs/]
Over a 12 months period expect to be around 55% of the cap. In Summer of course there are a few claims more (particularly May with 2 bank holiday weekends). In 18 months of trading we went only once over the 80% mark.
All the best, Tobi
Co-founder of Laka
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pjay
user101349
@%~}
Laka users - how often are you paying the base rate, and how often are you paying the capped rate?
I like the idea of the model but I will like it less so if I’m paying the capped rate eight months out of 12.