Insurance Incident not pursued and raised premium!

ManicMum

Hello

I contacted insurance company as had an incident involving a leaky toilet and subsequent raised floor around toilet area. Nothing major but said they'd send an assessor round. Anyway, we decided it wasn't worth the bother. Premium gone from £120 to nearly £300. Plus just about to get landlord insurance for it as renting it out and want extra £100 a year just for this incident that didn't turn into a claim, over and above what it would be if incident hadn't been reported. Maybe I'm naive and shouldn't have called them in the first place. Just seems ridiculous for a small incident that wasn't pursued. Feel like I'm being robbed blind.

Anyway round this?

cheers

Quentin

No way round it.

(But shop around for the best deal. Though you will have to disclose this to any insurers you approach for quotes)

InsideInsurance

ManicMum wrote: »

Just seems ridiculous for a small incident that wasn't pursued. Feel like I'm being robbed blind

It was pursued, you registered a claim and they paid for an assessor to come around and look at it. You then abandoned the claim.

How much a claim costs doesnt tend to have the greatest impact on premiums as there is a significant amount of "luck" (or lack there of) but what type of incident it is etc tends to be more of interest. If you look at Motor as an easier, if you run someone over its a matter of luck if they are a single unemployed, no dependents person where the insurer pays out £24k -v- a company CEO with 4 kids and a wife with the insurer having to pay out millions. The fact your driving in such a way that you run people over is the major concern.

ManicMum

cheers. Grumble grumble. Wish I'd never called them now. Feel raising a premium from £120 to nearly £300 is extremely unfair and utter profiteering by insurance company as I have never claimed/enquired about anything before. Going to complain anyway.

ManicMum

Been wondering whether to just get the work done now if they're going to charge me extra premiums anyway. Assessor said they'd allow about £400 for the job. Does insurance company want a receipt? Maybe could re-coup my losses for next 5 years that way (tongue in cheek!). She says, half serious.

Dukesy

Unfortunately, that's just the way insurance goes. In december someone wrote my car off - the claim was settled in my favour, full NCD was restored etc, I replaced my car like for like and then when my renewal came up, my insurance had somehow leapt from just over £200 to £850.

Five minutes on a comparison site and I got insurance with another company for a couple of quid over £200 again. It's a pain, but it's the way they work, unfortunately.