Good home insurance companies

xyz111

Hi
Please advise a reasonable home insurance companies with reasonable costs. currently paying around 300GBP for a 5 bed new -built house under 2 years new warranty (1 year remaining).

Thanks.

paddyandstumpy

Without knowing your location it's hard to tell if £300 is good or not.

But based on the info provided, I'd say that premium for a 5 bed house is probably right, if not low.
Assuming a rebuild of 300k, that means you pay 0.1% which isn't unreasonable.

xyz111

Location is Essex near Suffolk.
£300 over a year sounds high -any companies recommended will be appreciated.

Many thanks.

paddyandstumpy

Sounds high on what basis? Are you an underwriter or work in Pricing?

It's a 5 bedroom house!!

When you put your information into one of the comparison websites, what's the price of the top 5 quotes?

If you list some of the insurers quoting you will get personal opinions from contributors on their thoughts on them and perhaps some to avoid.

paddyandstumpy

Also, parts of Essex (like Canvey) are prone to flood. So £300 would be cheap if it's in a flood risk area.

xyz111

many thanks.

eddddy

xyz111 wrote: »

Please advise a reasonable home insurance companies with reasonable costs. currently paying around 300GBP for a 5 bed new -built house under 2 years new warranty (1 year remaining).

Just an extra comment...

You mention 'home insurance' and 'new house warranty' as though they may be related in some way - they're not related at all.

The warranty provides cover against defects (i.e. 'mistakes' made by the builder).

A home insurance policy will exclude anything related to building defects, bad workmanship, bad materials etc - whether you have a warranty or not.

Home Insurance typically covers risks like: fire, lightning strike, storm damage, falling trees, explosion, earthquake, vandalism and vehicle collisions with the building (none of which would be covered by a warranty)

rs65

xyz111 wrote: »

Location is Essex near Suffolk.
£300 over a year sounds high -any companies recommended will be appreciated.

Many thanks.

Stick your details through a comparison site first to see how the cost compares. Then do a bit of research on the cheapest upwards till you find one you like.

Shimrod

xyz111 wrote: »

Hi
Please advise a reasonable home insurance companies with reasonable costs. currently paying around 300GBP for a 5 bed new -built house under 2 years new warranty (1 year remaining).

Thanks.

What do you consider a reasonable home insurance company? Is it just one that is cheap, or one that has good customer service in the event of a claim? I'm with UIA and I've had the misfortune to make two claims over the last 5 years. They aren't the cheapest but the claim process has been quick and painless. Many years ago I had house insurance with Nationwide, and a claim under that policy took over six months to resolve.