6 small claims and I've been blacklisted, anyone else?

borrisspassky

Hi. I am new to this excellent site but have a serious problem with my House and Contents Insurance, in short no one will insure me. I made 6 claims in 4 years totalling £2,803. My insurer then increased my premiums 32% and my excess 10X. I refused the new policy and was told in no uncertain terms I would not get any better anywhere else. Actually no one will insure me now. One lady broker said if I had made 1 claim for £20k I would be fine and could shop around for other insurers but because of 6 claims for £2,803 no one is interested. I think I have been blacklisted on the Claims and Underwriting Exchange Register. What to do? Am I entitled to see what my previous insurer has said about me? Thanks all suggestions welcome.

mattymoo

It's not a case of being blacklisted but you are entitled to see what information an insurer holds about you via a subject access request. A small fee can be charged for this.

The inability to get insurance elsewhere is simply because you are poor business to an insurer. At the end of the day they want to make a profit but you appear to be claiming for anything and everything on a regular basis.

Your best bet would be to go with the existing firm. A 32% premium load is not too steep and the increased excess will deter small claims but still leave you with cover for major catastrophes.

Insurers only look at the last 3 years claims (some do 5 years) so after a year or so, your claims history will improve and open up the market for you.

cogito

You're lucky to get any offer of cover with a track record like yours. You should renew your existing policy unless it's already expired in which case, your current insurers may consider that they have no further obligation to you.

Astaroth

Your making £700 a year in claims routely every year and that excludes the costs of actually managing those claims. How much do you think your premium should be?

Your only real choice is to stick with who you are with as no one will be interested and as mattymoo says, just hope your claims experience gets better over the next 3-5 years. You could potentially switch the to who ever your mortgage is with but they may only want to take on the buildings cover and not the contents.

dunstonh

6 claims in 4 years is extremely excessive and its no wonder insurance companies dont want you. Sticking with what you have and analysing why you are such a high risk to see if you can reduce the risk in future is your best bet.

missile

Welcome to the forum :rolleyes:

Simulacraton

So you're the person to blame for my increased premium this year despite no claims? Curse you!!!!

pedro123456

Boris you don’t seem to understand how insurance works, you just pay the premiums part of the deal.:rolleyes:

If you think you can pay premiums and CLAIM forget it, how on earth do you think the IC’s make £millions and shaft you otherwise?

Cut one and they all bleed :rotfl:

cogito

Oh God! Look who's back.

dunstonh

I still have pedro on my ignore list. I had noticed the ignored post boxes starting to re-appear.

What rubbish is he spouting now? or is it the same sort of thing as usual. "insurance companies should be charities", "insurance companies shouldnt be profitable", "insurance companies are the devils spawn".....

borrisspassky

but I believe its fraudsters that are responsible for that....not small claims and not legitimate claims. Simply, get the insurance companies to put a small table in their policy documents that says....you are insured for this, you pay this, if you make X claims in Y time amounting to Z this is how much your premium and excess will rise. Simple algebra could do that now with my history. The reason there is no such calculation is consumers would be put off. If I'm paying for this criteria but going to be hammered for claiming it - why am I paying this. Btw Mattymoo "A 32% premium load is not too steep and the increased excess will deter small claims" if they want to deter small claims EXCLUDE THEM and reduce my preiums, if your bank savings had risen 32% this year would you describe it as "not too steep"? If your pension had declined by 32% this year how would you describe it? 1/3 is steep by anyones measure.