Home Insurance pitfalls for Elderly

petersimms

Do you or an elderly relative or friend have Home Insurance with Prudential?
If so, you or they are likely to be paying well over the top.
Prudential do not take on new Policies now but do like to renew existing Policies for ridiculous sums of money.
I have just renewed my Mum's Policy for less than £100, when Prudential wanted to charge in excess of £400 ????
I should add that Saga also came in at nearly £360 ????
Has anyone had similar experience?

McKneff

Its not just Prudential, they are all the same when it comes to renewal.

Its prudent (no pun intended) to shop around every year for a new quote, simple as that.

McKneff

and its everyone, not just the elderly

paddyandstumpy

I used to work for an Broker insurer who was on the panel for a certain over 50's Broker, naming no names but they've been mentioned above, and they aren't the Pru.

I found a very interesting age curve correlation with their commission, the older the client, the lower the premium paid to the insurer (due to increasing discounts by age) but the greater the commission take.

When I pointed this out to them they claimed it was justified.

We saw it as fleecing the elderly.

FutureGirl

For less than £100 are you sure the policy is like for like to the prudential one? I know the prudential policy to be pretty good in terms of limits and coverage.