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Renewel time...
Aveleydave
Posts: 28 Forumite
As usual the invitation pack drops on to the door mat and Barclays are pleased to offer me a home and contents policy for just over £260. Well, after getting Martin's mail shots for some time now, I know I don't take their word for how good that may be and a quick comparison site search proves a much muted point, do your homework and save a bundle!
I will be taking out new Barclays policy and saving £155 in the process :beer: .
The most annoying feature of this is that the "valued customer" you may think you are by being loyal pays nothing in the long run!:mad:
The nice chap I spoke to, to cancel the renewel process, knew what was going on but isn't allowed to admit it or comment, obviously:silenced:
I will be taking out new Barclays policy and saving £155 in the process :beer: .
The most annoying feature of this is that the "valued customer" you may think you are by being loyal pays nothing in the long run!:mad:
The nice chap I spoke to, to cancel the renewel process, knew what was going on but isn't allowed to admit it or comment, obviously:silenced:
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Comments
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If you've lied to get yourself a 'new customer discount' I'd be wanting to check my cover was valid and hoping I don't need to claim at which point I may find myself being asked to pay the diffference.
Not the greatest tip.0 -
LadyIndecisive wrote: »If you've lied to get yourself a 'new customer discount' I'd be wanting to check my cover was valid and hoping I don't need to claim at which point I may find myself being asked to pay the diffference.
Not the greatest tip.
Thank you for pointing out an important fact about forum posts.
100 people can read a post and arrive at different conclusions.
At no point did I write or imply I presented myself as a "new customer". Many companies offer "new customer" discounts and if I choose to let my renewal lapse I become eligable for that discount.
This post was offered more as a reminder than "a tip", I'm sure many people who come here are quite clued up on these things already. It merely re-enforces the fact that we shouldn't let companies earn extra money out of our complacencies.0 -
Aveleydave wrote: »Many companies offer "new customer" discounts and if I choose to let my renewal lapse I become eligable for that discount.
.
Are you certain on this?
Is it a good idea to lapse cover and leave your home uninsured?0 -
LadyIndecisive wrote "Is it a good idea to lapse cover and leave your home uninsured?"
Okay, I see what's happening now. You're not reading what I'm writing. I said I was not going to allow the company automatically renew my policy, regarded generally as "lapsing". Until this happens I'm still covered under this policy. When it expires I will have a new policy set up to start.0 -
And your change of policy number makes you a 'new customer' and thus eligible for your 'new customer' discount.
If there was a lapse in cover you'd have a better argument.
I am reading what you are writing and I think you are on rather shakey ground. But that's just my opinion.
Good luck.0 -
Dave, I have done what you did several times to save money, and never had a problem.
There is nothing wrong with it. The Lady does not know what she is going on about.Karma is a wonderful thing.
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jonnyb, I was beginning to think it was me 0
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The Lady very much knows what she is 'going on about' thanks. but you can take it or leave it.0
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Lady, I get the impression that you might work in the industry, and therefore be a bit of an expert on underwriting, or other aspects of insurance.
But you don't seem understand the moneysaving aspect of it, as advocated by Mr. Lewis himself.
Customer's of insurance companies are not restricted from accessing offers for "new customers." They are only customer's as long as they have a valid policy. If that policy ends, and they choose not to take out an automatic renewal then they cease to be a customer when that policy ends.
However, if they have a new policy in place, to start the minute that the old one ends, they become a new customer under a new policy number.
At what point did dave lie ?Karma is a wonderful thing.0
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