Home Insurance Discussion

dacouch

letmeinplz wrote: »

Hiya all!

Does anybody know if you can take out contents insurance with one company and building insurance with another. Don't think you can but thought i'd better check.

Cheers

Having Building with one and Contents is perfectly fine and not that unusual.

Bear in mind that if you have a big claim you have two Insurers to deal with rather than one that can sometimes make things harder, occasionally two separate Insurers can argue over whether an item is building or contents.

Generally the better Insurers only apply one excess if you make a building and contents claim under one combined policy, if you have two separate policies with different Insurers you will pay each Insurer an excess each.

It used to sometimes happen that if you had a big claim or something else that might put an Insurer off or make them want to increase the premium. That if you had Building and Contents with them they would look more leniently on it. This is fairly rare now days.

Quentin

You have been gotcha'd by this rogue broker (who of course knows the answer) who has taken to spamming posts across the insurance forum today (usually cynically repeating previous posts from the same thread!)

See post #8 on page 1 of this thread!

mjc23

Hi guys, help needed!

Trying to find home insurance, my house is made of structural insulation panels (SIPs) but when searching for insurance no where seems to have this as an option for construction type.
Does anyone know of a company that does cover this?

juttermanning

inoutnotsure wrote: »

28 days is a standard time to give the companies time to respond. This just add in your favour as you complain. Did you get the details of the complaints manager and complaints procedure from Cunninghams? I bet not...another for you to add to your list.

Well finally this got sorted.
Direct Line, phoned me up to apologise for the way my claim was treated.
Not only was the loss adjuster wrong in interpreting my policy but also a member of Direct Lines own staff for backing up the loss adjuster. The lady said i was treated unfairly and if i was to continue my complaint with FOS, she and Direct Line would not contest it.
They paid up £800 for my costs incurred and £350 in compensation.
It was never about the money, just the fact i knew i was right and they were wrong.
So the kids are going to have some cash thrown their way as they are the ones that had to put up with kipping in a strange bed (and floor).
With regards to the loss adjusters, they just took on and peed off the wrong person

dwight-van-man

danlojo wrote: »

That's a tough one as the building insurance is £400k which far exceeds the rebuild cost. (possibly £300k)

Going from 5 - 6 bedroom hikes the insurance up by £150 a year

One thing to check - if the policy allows for up to 400k rebuild, it may not necessarily cover you for this. Depending on the company, you might find that their quote system has an inbuilt buildings sum insured calculator which works out the premium based on the area and the number of bedrooms you advise and prices it accordingly, otherwise they would be pricing one bed flats with 400k rebuild etc. In other words, although the policy states 400k rebuild, your actual policy, based on your input on the quote system, may only price you and therefore cover you for 280k (for example)... hope that makes sense...

dacouch

dwight-van-man wrote: »

One thing to check - if the policy allows for up to 400k rebuild, it may not necessarily cover you for this. Depending on the company, you might find that their quote system has an inbuilt buildings sum insured calculator which works out the premium based on the area and the number of bedrooms you advise and prices it accordingly, otherwise they would be pricing one bed flats with 400k rebuild etc. In other words, although the policy states 400k rebuild, your actual policy, based on your input on the quote system, may only price you and therefore cover you for 280k (for example)... hope that makes sense...

That's not how it works, if they offer a bedroom rated sum on a sum such as £400K that is the amount you're covered for.

Some companies do have an internal system that looks at the style of property eg terrace, the amount of bedrooms, age of property and area. It then calculates what it thinks is the required sum insured and bases the premium on this as well as showing this sum insured on the Insurers records. However the customer is insured for the £400k

You can't advertise one sum insured and then cover them for a lower amount

inoutnotsure

juttermanning wrote: »

Well finally this got sorted.
Direct Line, phoned me up to apologise for the way my claim was treated.
Not only was the loss adjuster wrong in interpreting my policy but also a member of Direct Lines own staff for backing up the loss adjuster. The lady said i was treated unfairly and if i was to continue my complaint with FOS, she and Direct Line would not contest it.
They paid up £800 for my costs incurred and £350 in compensation.
It was never about the money, just the fact i knew i was right and they were wrong....

:beer: Result. Your right, sometimes all the money in the world is not worth the hassel in some insurance claims...but at least it makes you feel just a bit better...:D

danlojo

Thanks for the replies.

It's now sorted and as we have a '6' bedroom house (even though the 6th room is a playroom and will never be a bedroom) we would advertise it for sale as 6 bedroom and therefore have to have this stated on our insurance.

I had to find out the rebuild cost due to the 6 bedroom even though a 5 bed or below has a blanket cover of 4k.

Thankfully it's now sorted and I can sleep better knowing that I am fully covered

I_luv_cats

My current insurance provider policy renewal notice has increased in price by around 9%.

after checking some comparison sites

One of the quotes happens to be from my current insurer BUT around 20% cheaper. (even after my renewal has a N.C.D added! Can't see any difference to the two policies other than the policy name)


Does this happen a lot to people on here??? (and the comparisons would get a % cut)

dacouch

I_luv_cats wrote: »

My current insurance provider policy renewal notice has increased in price by around 9%.

after checking some comparison sites

One of the quotes happens to be from my current insurer BUT around 20% cheaper. (even after my renewal has a N.C.D added! Can't see any difference to the two policies other than the policy name)


Does this happen a lot to people on here??? (and the comparisons would get a % cut)

It's not unusual.

However comparison sites tend to amend cover to quote the cheapest possible quote so check the cover is the same but pay particular attention to any voluntary and compulsory / policy excesses as they tend to quote high excesses. You need to look at the total excess you pay towards an claims