Home Insurance

Balbadier

Just wanted to say that I recently got my Barclays Home Insurance down, from £66.08 a month to £39.66.
This came about because my tracker mortgage expires in October and as part of finding a new mortgage (they all have product fees now - gggggrrr) you are encouraged by your IFA (Independent Financial Advisor) to review your home insurance. He tried to get me to go with the one he recommended, but when talking to them, they had a couple of questions I could not answer, so I rung Barclays purely to get the answers, not intending to ask them to match the deal (didn't in my wildest dreams think they could as it was so much cheaper) but the minute they got a sniff that I was leaving, they reduced my price.

Of course I said, if you can do it for this price why have you been charging me so much (it was reasonable for the first 5 years and then expensive for the last 2!!!). They said it was because my total unspecified valuables was free for £10,00 and mine was still set at the "old" free rate of £15,000. This was a problem where their system changed, so they said as long as you are happy with £10,000 making it free (again) will reduce your premium.

So I have suffered for over a year, because they changed what was free....!!!

Anyway, I am happy it has now been discovered and that I have reduced it by a hefty amount. I am thinking of writing to them though........ if I get time.

Oscar_The_Grouch

Hi there

I think someone is "yanking your chain" if they are telling you that a reduction in your valuables by £5,000 will result in a saving of over £300 on your annual premium.

Balbadier

I just dug out all the paperwork AGAIN
They reduced it.
£66.08 to £43.83 because valuables are now free at £10,000 and they still had me on their old rate of £15,000 - due to a change in their system that I was unaware of, and she admitted it was not recent. (SO I have been overcharged for a while).
She said if I threated to leave she could come down 10% hence the £39.66.

They are not yanking my chain, as the new rate has already started on my direct debit..................

_Andy_

Balbadier wrote: »

as part of finding a new mortgage (they all have product fees now - gggggrrr)

That isn't the case.

minimike2

Oscar_The_Grouch wrote: »

Hi there

I think someone is "yanking your chain" if they are telling you that a reduction in your valuables by £5,000 will result in a saving of over £300 on your annual premium.

You would be suprised.

Balbadier

_Andy_ wrote: »

That isn't the case.

Please qualify.

When I researched, I did not find any without product fees. I was stuck between a rock and a hard place.

Please when you make a comment, back it up. As I don't quite know where you are coming from... yet

Balbadier

minimike2 wrote: »

You would be suprised.

I hope when you say "you would be surprised" that you are backing me up, as it is true.

I have the direct debits with old rate and now one direct debit with new rate.

I try to share the good news so that other people can also negotiate their home insurance WITHOUT even needing to change provider and I get accused of yanked chains..... oh dear... joy of the internet:rotfl:

_Andy_

Balbadier wrote: »

Please qualify.

When I researched, I did not find any without product fees. I was stuck between a rock and a hard place.

Please when you make a comment, back it up. As I don't quite know where you are coming from... yet

'Where I'm coming from' - there are plenty of fee-free deals on the market - unless you have a very high LTV or adverse.