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Insurance: should I get insurance (B&C) via broker or DIY?
wisevik
Posts: 11 Forumite
Just about to exchange and complete on my property purchase. I understand that I need to have insurance in place by the date of exchange. Should I rely on a quote from a broker who regularly deals with building insurance for FTB or try an do it myself via the various comparison sites? There is also the potential benefit of cashback if I DIY. Your advice will be greatly appreciated. Thank you.
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Comments
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Either. Just make sure you get decent cover with what's now an optional extra in most cases, trace & access cover.
Check DEFAQTO for star ratings, as well as looking at price.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 -
Why not compare both?
Just remember price is only the starting point. Where ever you buy it, look closely at what cover you are getting (and what exclusions).0 -
Compare both. The insurance offered by our broker was very expensive compared to looking at comparison sites. But this isn't always the case so get a few quotes like for Like, then compare.0
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The quote form my broker was slightly (like 30-40 pounds) less than the one I got independently. Both with Halifax but the one I got via my online account had identical buildings cover but higher value for contents cover with less excess, as well as all the little extras that are probably a rip off but I feel better having, such as legal cover, Freezer cover & higher cover for accidental loss.
Halifax have an offer on where you get 10% off combined buildings and contents as well as £50 "cashback" after 70 days if you already have an account with them. Ive compared around and it seemed pretty competitive for my situation at least.0
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