We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Landlord Insurance - Confused.com & GoCompare.com
Options
gujuk2000
Posts: 3 Newbie
Hi All,
Newbie to this forum.
I was shopping around for a cheap Landlords building insurance for a 2 bed flat I rent out.
I decided to look at confused.com and filled in the questionaire for the best possibly search results. It came back with sorry we have not found any suitable companies, however our agent from "Your Insurance" will call you shortly to discuss.
I smelt a big rat here, I looked at "Your Insurance" and noticed it was owned by "Towergate Insurance".
I then researched further to see if their was any associations or tie ups. Low and behold I found on the Insurance Age Portal.
"Towergate Insurance has announced that it is to become the SOLE provider of business insurance for price comparison site Confused.com "
So to a novice like me thinking I will get a few quotes from confused.com is in fact a backdoor straight to "Towergate Insurance" and when that call comes we would NOT think its a business to business tie up.
I then did gocompare.com and again the same - they have an affillation with "Simply Business" for all Landlord and buisness insurance.
I just wanted everyone to know that you may not be getting a choice of comparisons. So tread carefully.
Thx
Newbie to this forum.
I was shopping around for a cheap Landlords building insurance for a 2 bed flat I rent out.
I decided to look at confused.com and filled in the questionaire for the best possibly search results. It came back with sorry we have not found any suitable companies, however our agent from "Your Insurance" will call you shortly to discuss.
I smelt a big rat here, I looked at "Your Insurance" and noticed it was owned by "Towergate Insurance".
I then researched further to see if their was any associations or tie ups. Low and behold I found on the Insurance Age Portal.
"Towergate Insurance has announced that it is to become the SOLE provider of business insurance for price comparison site Confused.com "
So to a novice like me thinking I will get a few quotes from confused.com is in fact a backdoor straight to "Towergate Insurance" and when that call comes we would NOT think its a business to business tie up.
I then did gocompare.com and again the same - they have an affillation with "Simply Business" for all Landlord and buisness insurance.
I just wanted everyone to know that you may not be getting a choice of comparisons. So tread carefully.
Thx
0
Comments
-
Did you really believe that the comparison sites were toally independant, with no commission ot other incentives from any insurers!
Always shop around extensively!0 -
Towergate (and presumably Simply Business) are brokers, evidently confussed have decided to use Towergate as the brokers for commercial lines. (Landlords are typically considered as business rather than personal customers)
AFAIA lots of these annoyingly advertised comparison sites are either owned by each other, by large insurance companies, or are trading styles of brokerages.IANAL etc.0 -
If you don't mind me asking, isn't the buildings insurance arranged by the freeholder and paid for via the leaseholder service charge?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
-
I use Lockyer Insurance - much better "value" going through a broker - you have them on side as and when you need it - and as it is btl it can be much more complicated0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards