buildings insurance claim

justjust

Hi there,
Ive been paying for buildings only insurance setup by my mortgage company since 2011. The broker i used to setup the mortgage just said the lender would sort it, i've not questioned that until now where i just happened to get a quote from the same insurance company but to include contents cover.
I was severely shocked at the quote price... So i've been paying between £800-£1100 per year for buildings only insurance on £370k sum insured, my quote for buildings and contents with every available add on they provide is £330 per year!
In your experience / opinion would i have valid reclaim case, being mis sold / miss informed?

Thanks
J

[Deleted User]

No. You could have moved at any time, but you chose to keep paying it.

dunstonh

In your experience / opinion would i have valid reclaim case, being mis sold / miss informed?

none whatsoever. You get an annaul renewal notice telling you the premium. So, you were neither missold or misinformed

Sparx

No you just paid over the odds and didn't do your research (in the nicest way) or for the last 7 years!

That is why MSE encourage you to be 'savvy' and research annually when renewing insurance products etc! Same applies for your car insurance and mortgage when the fixed rate is up etc.

You get the jist! Just get your new B&C policy setup and cancel your old one. Make sure your No Claims Bonus is correct and you're not cancelling mid-term and losing a year of NCB.