Need House Ins with a Current Claim - Help

MarmiteG1rl

Hello,

I have a subsidence claim going through (which was not my fault, but that's another story) and my insurance is due for renewal next month. I usually shop around for a decent deal.

My new policy offered by my current insurers is around double what it was last year, also they are the ones dealing with the subsidence claim.

Does anyone have any experience of getting half decent ins with a reasonable price in these circumstances? At first glance, it looks like the the big insurers won't touch me as I have lost my 14 year no claims.

Any help and tips appreciated.

Ta (aggrieved) MG

paddyandstumpy

With an ongoing subs claim you'll struggle to move insurer.

MarmiteG1rl

Yes thank you I knew that. I was looking for advice from people who had managed to as my premium has gone from £255 to £579.

Aretnap

You will have trouble finding another company to offer buildings insurance (due to the subsidence issues, rather than the lack of no claims bonus), but contents insurance should be less of a problem. Look into whether you can save money by taking out buildings and contents insurance with different companies, if you don't already.

paddyandstumpy

Aretnap wrote: »

You will have trouble finding another company to offer buildings insurance (due to the subsidence issues, rather than the lack of no claims bonus), but contents insurance should be less of a problem. Look into whether you can save money by taking out buildings and contents insurance with different companies, if you don't already.

This is sage advice and I agree; with one caveat.

If you split buildings and contents covers you would have to pay double the excesses in the event of a combined claim, and have to deal with two seperate companies.

Work out what the saving would be by moving the contents, I'd imagine most of the premium increase is on the buildings premium due to the buildings claim anyway.

wunferall

MarmiteG1rl wrote: »

Yes thank you I knew that. I was looking for advice from people who had managed to as my premium has gone from £255 to £579.

In what sounds like similar circumstances we were unable to until three years after the claim since it makes no difference whose fault it is, if your home has (had) subsidence you must advise of this when applying to insure (both our loss adjuster and AXA themselves told us that). Oh and check whether or not your excess (esp. for subsidence) has gone up too.

If you search "Magnet Insurance" it might be worth asking or trying them if they will quote or phone them @ 01636 858249 but note that if you must pay by instalments IIRC they use the horrendous Close Brothers, whose charges if you make any changes or default can be horrendous.

MarmiteG1rl

Thanks Wunferall - I did check Magnet and they were a damn sight cheaper than my current insurers by £200 or so. Got current insurers to match it and adjusted a few other things which brought it down further plus paying in a lump sum so saving £40 or so on APR. So only gone up £100-150 or so now (still grrrr... wish I could take the people whose fault it is, who have known about the problem and potential risk for years, to court to recoup some of the cash i am now out of pocket.)

lisyloo

wish I could take the people whose fault it is, who have known about the problem and potential risk for years, to court to recoup some of the cash i am now out of pocket

Did they lie on any of the questions asked by your solicitor?
These are fairly broad from memory such as "are you aware of any issues with the property?"
If they lied and you have proof that they would have known about it then you can sue them.
How sure are you that they knew about the issue?

Do you have legal expenses insurance?