Should we change insurers for Buildings & Contents?

marmitemum

We've been with Zurich for 20 years and have always auto-renewed. After watching Martin's programme and reading from the website we decided to try shopping around. Our policy renewal date is 12th August, so not much time! Our renewal premium with Zurich is around £1200. We bank with Lloyds and they have an offer at the moment of 40% discount + a further 10% discount for Lloyds customers - the quote came in at £338. We were shocked. Even without the discount it would still be over £400 cheaper than with Zurich. Is there a catch? Is the Zurich policy better? Are they better with claims? (We have had two historic claims with Zurich over drains issues and they've been helpful and prompt) Is it worth us staying with Zurich despite the higher cost or should we change?

tempus_fugit

Change. (Padding)

alwaysready

I think staying in the Zurich is more wise choice.

dacouch

Have you disclosed the subsidence to the new Insurers?

Ebe_Scrooge

alwaysready wrote: »

I think staying in the Zurich is more wise choice.

I think this post, like all of your others, is at best worthless - certainly ill-informed - definitely not helpful - and, I suspect, simply preparation for a spam attack.

csgohan4

alwaysready wrote: »

I think staying in the Zurich is more wise choice.

How is it money saving?

As long as there is no historic subsistence issues meaning your uninsurable to other providers or extremely costly to insure, it would be a good idea to shop around

Have a look at MSE section for home insurance OP

marmitemum

The historic claims were to do with our main drain (which annoyingly goes via our neighbour's drain which is ancient, a weird shape (they first lined it, and then later when that failed, redid the whole channel to the road), so nothing related to subsidence.

pinkteapot

What you do now is check that the cover is like-for-like (ie levels of cover are all the same, optional extras the same), and that you disclosed the previous claims to Lloyds.

Then, you phone Zurich and say "We've had a quote for X. What can you do about your price?"

If they match, or get close enough, stay with them. If not, switch.

Simple.

We've been with Admiral for car insurance for about five years now, but every single year we get other quotes then phone and get them to match. The renewal quote is always about 30% higher than the price we end up paying.

Insurance companies make their profits on the customers who just renew without questioning it. Assuming your new quote is for the same package as your existing one, that's the best example of a crazy renewal price that I've seen! Probably what happens when you auto-renew for that long. :eek:

marmitemum

Thanks pinkteapot - have done that, and all Zurich could offer was to lower it to last year's renewal price and reduce the cover! The Lloyds cover actually appears better!