Home insurance

• howard mcsweeney1

  • Location: Dover
  • Registered: 12 Mar 2008
  • Posts: 62,352
  10 August 2010     18:5064796
  #1      
  received a letter through the post this morning from my insurer asking why i had not renewed and that my cover ran out today.
  
  i made a panic stricken phone call, stated that i had not had a renewal notice.
  
  the calming voice assured me that it was no problem and that i could renew over the phone, i agreed and asked how much it was.
  
  twice what it was last year!!
  
  i ended the call, made a few checks on the internet and found many that were less than half sometimes a third less than my present insurers.
  
  seems to me that my insurer of the last 15 years thought that it was time to try it on, even though they never get a claim from me.
  
  this was a major high street bank, be warned.
• Guest 655

  • Registered: 13 Mar 2008
  • Posts: 10,247
  10 August 2010     19:0464799
  #2      
  Better off never go to banks Howard for any kind of advice or insurance. There are better routes than being a 'captive' of often poor quality products and 'limited advice'.
• howard mcsweeney1

  • Location: Dover
  • Registered: 12 Mar 2008
  • Posts: 62,352
  10 August 2010     19:2664805
  #3      
  barry
  
  i have always felt comfortable with household names when purchasing gas, electricity, phone and insurance, clearly time for me to move on.
  
  in my original post i said " a third less", it should have read a third of my main quote.
  
  one of them was from that dog off of the adverts.
• Terry Nunn

  • Location: London Road, Dover
  • Registered: 12 Mar 2008
  • Posts: 4,321
  10 August 2010     20:0164814
  #4      
  I had a similar problem two years ago. I suddenly got a letter saying that my insurance had automatically been renewed as I hadn't cancelled when I got the renewal notice (which I had never recieved). As I was busy I let it go but made a note for the next year.
  
  Lo and behold a renewal notice popped in my door in May from the Prudential. It was for very nearly £600. So I shopped around only to find that most insurers wouldn't touch it as it is a listed building. I eventually found one however who quoted me about £250, so I said yes.
  
  
  I then phoned the Pru to cancel. "Why are you leaving us sir" they enquired. I told them it was becuase I had found something cheaper and indeed with better cover and less excess. They asked to look at it again and came back saying that they could match it! "So you will be staying with us then sir" they said.
  
  My response was that as they had ripped my off for years they could stuff it.
  
  Terry
  Quis custodiet ipsos custodes?
• howard mcsweeney1

  • Location: Dover
  • Registered: 12 Mar 2008
  • Posts: 62,352
  10 August 2010     20:0664816
  #5      
  so it is a trick then?
  
  my attitude will be the same when "ll*** t*b ring me up.
  
  thanks for the confirmation terry.
• Guest 655

  • Registered: 13 Mar 2008
  • Posts: 10,247
  10 August 2010     20:1764817
  #6      
  It shows that a household name means nothing Howard.
• Bern

  • Location: Dover
  10 August 2010     20:1964820
  #7      
  Reputation used to mean something.................
• Guest 655

  • Registered: 13 Mar 2008
  • Posts: 10,247
  10 August 2010     20:2764822
  #8      
  If you went purely by reputation Bern in my industry you would avoid household names!
• howard mcsweeney1

  • Location: Dover
  • Registered: 12 Mar 2008
  • Posts: 62,352
  10 August 2010     20:3064824
  #9      
  i shall bow the knee.
  
  barry and bern are right, probably because deregulation in some areas over the years has opened the door to new talents that were previously kept under wraps.
• Bern

  • Location: Dover
  10 August 2010     20:3464828
  #10      
  I laughed out loud when I read your post BarryW!!
• Guest 651

  • Registered: 12 Mar 2008
  • Posts: 5,673
  10 August 2010     21:1564853
  #11      
  They all try it on as far as my experience is concerned.... this year by renewal came in from Bell but it was too high. I got a quote from Admiral, who own Bell, which was lower. I then phoned Bell to ask them to beat their own company's quote. They did and I renewed with Bell
  Been nice knowing you :)
• Guest 655

  • Registered: 13 Mar 2008
  • Posts: 10,247
  11 August 2010     07:2664919
  #12      
  Actually Howard the general insurance industry has only recently been regulated wheras previously it was not while retail financial services have been regulated since 1988.
• Guest 3363

  • Registered: 23 Jul 2019
  • Posts: 1
  23 July 2019     12:21358436
  #13      
  Hi I have gone through your topic on home insurance it is really helpful to know and renewal date of your insurance policy is based on the date your policy took effect. So it could actually take place on any day of the year depending on when you originally started the policy.
  Jhonpaul