House insurance renewal
Discussion
What are people paying?
Just had mine through, and it feels expensive. Buildings and contents is £709 for an older house (pre 1800) worth about £320K, contents cover is £61K new for old including £18K of high risk items (jewellery and watches) including £23 of family leagl protection (is that optional?).
We had a £20K claim in 2007 after we were flooded and although they say we still have a no claims bonus the price seems to be spiralling each year as we cannot get cover elsewhere because all the cheaper companies won't cover us (although the flood people have said we are not in an area at risk of floding and the 2007 incident was a blocked drain).
Just had mine through, and it feels expensive. Buildings and contents is £709 for an older house (pre 1800) worth about £320K, contents cover is £61K new for old including £18K of high risk items (jewellery and watches) including £23 of family leagl protection (is that optional?).
We had a £20K claim in 2007 after we were flooded and although they say we still have a no claims bonus the price seems to be spiralling each year as we cannot get cover elsewhere because all the cheaper companies won't cover us (although the flood people have said we are not in an area at risk of floding and the 2007 incident was a blocked drain).
I've been with the Pru for years, paid up every year without really looking until it finally topped the £630 mark. I did few on-line searches and was getting figures back in the £400s and one at £350. I called the Pru and hit the "cancel your insurance" button, the girl at the other end dropped my premium to £310, over 50% off! So have a haggle!
cjs said:
I called the Pru and hit the "cancel your insurance" button,
The OP shouldn't do that unless he has got an alternative sorted out - his current insurer might be glad to see the back of him!The £18K high risk items could be adding a few hundred pounds to the premium, and £61K is a lot of contents.
Deva Link said:
cjs said:
I called the Pru and hit the "cancel your insurance" button,
The OP shouldn't do that unless he has got an alternative sorted out - his current insurer might be glad to see the back of him!The £18K high risk items could be adding a few hundred pounds to the premium, and £61K is a lot of contents.
In 2008 I couldn't get anybody to take us as all the cheaper insurers didn't want to know as soon as they knew we had been flooded, irresctive of the cause. I did wonder if the likes of Hiscocks might be more intelligent than the knee-jerk reaction to the F word.
just argue with your current insurers initially. We're with Direct Line (their Plus scheme which includes all risks and increased inidividual item cover and travel insurance etc) and with no claims they bumped the renewal up by 50% this year. After speaking to their 'loyalty' team, the renewal was reduced to slightly below a new customer web quote would have been (ie back below what it was last year). Final figure is approx £480 on £75k contents and £400k rebuild. The contents is plus £15k individual, a couple of named items >£3k and all garden, photography and computer stuff etc. A few comparison site quotes were cheaper but not with the same level of cover.
I've just had the same argument with Direct Line who, frankly, took the piss.
I've negotiated a discount and also got a bit more from them this year. It probably evens out in the mix. Still, they tried to double my premium and I was somewhat annoyed at that. I guess they hope people just don't check these things.
I've negotiated a discount and also got a bit more from them this year. It probably evens out in the mix. Still, they tried to double my premium and I was somewhat annoyed at that. I guess they hope people just don't check these things.
Renewed my insurance few months ago.
I've always just renewed it with the mortgage provider (C&G).
This year I thought it was a bit high @ around £80 per month.
So I rang them, got it down to around £30 per month for more cover!
The excuse was that they could only reduce it if I called them, they're not allowed to re-quote lower for existing customers.
I've always just renewed it with the mortgage provider (C&G).
This year I thought it was a bit high @ around £80 per month.
So I rang them, got it down to around £30 per month for more cover!
The excuse was that they could only reduce it if I called them, they're not allowed to re-quote lower for existing customers.
convert said:
Renewed my insurance few months ago.
I've always just renewed it with the mortgage provider (C&G).
This year I thought it was a bit high @ around £80 per month.
So I rang them, got it down to around £30 per month for more cover!
The excuse was that they could only reduce it if I called them, they're not allowed to re-quote lower for existing customers.
Why stop milking the cash-cow..? I've always just renewed it with the mortgage provider (C&G).
This year I thought it was a bit high @ around £80 per month.
So I rang them, got it down to around £30 per month for more cover!
The excuse was that they could only reduce it if I called them, they're not allowed to re-quote lower for existing customers.
It's what DL were doing with me until I looked into it.Gassing Station | Homes, Gardens and DIY | Top of Page | What's New | My Stuff