Home Insurance Discussion

Spikey1

And you have just proved the case that you have some fundamental misunderstandings of insurance perils & how the cover works.

Anyway, I've been as helpful as I can to you, especially on the other thread and I hope you found some use in that.

Kindest regards & best of luck with your next claim for escape of water through the roof. Like I say, always take the time to read your cover and make sure it is suitable before you buy it. If its not, or leaves you in doubt, don't buy it.

:beer:

Leodogger

Spikey1 wrote: »

And you have just proved the case that you have some fundamental misunderstandings of insurance perils & how the cover works.

Anyway, I've been as helpful as I can to you, especially on the other thread and I hope you found some use in that.

Kindest regards & best of luck with your next claim for escape of water through the roof. Like I say, always take the time to read your cover and make sure it is suitable before you buy it. If its not, or leaves you in doubt, don't buy it.

:beer:

Thanks for your good wishes and taking the time to give your advice and yes I don't buy at my tender age of 63 anything that I either don't understand or seems too good to be true for the price !

kingstreet

AngelaLee wrote: »

I recently got a renewal form for my home insurance with Wawanesa and there was a note saying the deductible will be changing to $1000 from $500 this year.I am curious is this been happening with other insurance companies lately?..I have had only one minor claim 9 years ago with a theft/vandalism to my house.Is it it time to shop around for another insurer?

Our site, being UK-focused, may be of limited help to you, but yes, shop around for cover if the premium or terms of your current policy gets worse at renewal time.

rey_12

What are the basic requirements to avail home insurance.

Quentin

rey_12 wrote: »

What are the basic requirements to avail home insurance.

Just one requirement.

Enough money to put down the deposit on a policy.

rey_12

Quentin wrote: »

Just one requirement.

Enough money to put down the deposit on a policy.

So it doesn't require medical examinations and the like?? :j :j :j

kingstreet

rey_12 wrote: »

So it doesn't require medical examinations and the like?? :j :j :j

No. Medical information is usually confined to the products which involve that kind of risk, such as private medical insurance, life cover, critical illness cover and income protection/permanent health insurance.

What is your definition of "home insurance" as the UK assumption is cover for the property and your belongings?

guzzle

Hi,

First time home buyer just looking for a little advice please.

I'm in the middle of buying a ground floor flat in a block of 4, where the responsibility for any roof repair is shared between myself and the flat above. The roof is of gable type in the main, with a small flat part over the dormer window projection for the upstairs flat. It would be highly unlikely for any damage to this part of the roof to affect my ground floor flat directly.

My question concerns whether or not I need to declare part of the roof is flat on my home insurance?

Any comments welcome.

Thanks

danielhermann

georgeone wrote: »

I know it has been referred to on previous insurance threads but another reminder cannot go amiss.

Buying the cheapest insurance sounds obviously good. But beware. Just because the marketing morons at many insurers sell only on price, there is nevertheless more to it than that (as the FSA is waking up to - I note Martin is FSA authorised so I assume he is aware that they have expressed concerns to the industry about selling solely on price and whether this is in line with the principle of treating the customer fairly).

Do you want a claim service that pays cash and leaves you to sort out the mess (and find some non-cowboys to do the repairs) or one that provides a managed repairer network that takes care of it for you? Do you want a policy that will let you value the contents of your house and insure those, or one that assumes an average figure for a 3 bed, or 4 bed, or whatever, type of house? These are just a couple of examples to illustrate that you are not buying baked beans here and cheapest is not always best.

Really, Martin, I know it is about saving money, but insurance is one area where value may well be much more important than price. I heard of someone whose house burnt down completely and he rues the day he bought the policy from "insurer A". I had a claim that needed a specialist builder and I was left to my own devices ("get a quote from a builder, we'll approve it, send us the bill, we'll send you a cheque"), when I really wanted an insurer who would send a repairer and take care of it.

Not all policy coverages are the same.
Not all claims services are the same.

Ask and think before you buy on price alone.

(Apples and oranges may be the same price, but when what you really need is a banana ... )

Any Insurance which looks cheap please check on with them thoroughly. Not all insurance gives everything with bare minimum price. The best way is to speak & consult the insurance consultants directly face to face and then ask the person to chalk out the price for the same. Any insurance should meet the customer's requirement. If that comes with a price to pay the customer will be the best judge whether to go with that or to drop it.

trollopscarletwoman

guzzle wrote: »

Hi,

First time home buyer just looking for a little advice please.

I'm in the middle of buying a ground floor flat in a block of 4, where the responsibility for any roof repair is shared between myself and the flat above. The roof is of gable type in the main, with a small flat part over the dormer window projection for the upstairs flat. It would be highly unlikely for any damage to this part of the roof to affect my ground floor flat directly.

My question concerns whether or not I need to declare part of the roof is flat on my home insurance?

Any comments welcome.

Thanks

One thing I probably wouldn't do is go with any insurance offered by your mortgage compaany.

Almost certain to be over inflated.