Is it worth claiming on home insurance for a mobile phone

crjos

We recently had a mobile phone stolen, and the insurers have agreed to cover the claim. I have three choices:

1. Don't make the claim, to keep my premiums low in the future
2. Accept a replacement handset (this will cost £100 excess)
3. Accept a cash settlement, which is the cost of the phone less £100 excess. In our case, this comes out at £140.

3 seems the most favourable, but would this £140 pay out cost me a lot when it comes to renewal time?

Opinions please!

Thanks

Airwolf1

I'd say 1 is favourable, bear in mind your excess and future premiums being affected.

soolin

Three years ago I make the stupid mistake of claiming for a phone after my son was mugged. After excess I think I got about £70 back and have lost nearly that in premiums alone since. Add to that the fact that I can no longer use Topcahback etc to get cashback on my premium if I swap insurers as the moment you enter that you have had a claim in the past three years they want you to phone them and you lose your cashback tracking.

middlepuss

Having just got several quotes for home insurance it became clear to me that if you have not made a claim in the last 3 years or 5 years you will probably get a much better deal. Even if you are not changing insurers but want a better deal from your present insurer a 'good claims record', which means not having made a claim, could get you a much better deal.