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quidco contents insurance help

hi all i rent my house and was looking for some insurance as it's christmas around the corner and saw quidco offering insurance £120 cash back the problem i have is that the min insurance is £88 for the year whitch sound good keep the cost down but that means that i will make £32 by taking out the insurance does any 1 know if they will pay out?

this makes none sence to me

any help or tips on this we be super thanks this is what quidco says


NatWest Home Insurance


NatWest Home Insurance provides both buildings and contents insurance, offering: 25% first year discount when you buy online
Option to pay monthly at no extra charge (subject to eligibility)
Up to £25 towards any switching fees from your current insurer (buildings cover only)
24 hour household emergency helpline
An extra 10% contents cover to insure Christmas presents (1 December to 15 January) New for old cover (except bicycles, linen and clothing)
For genuine tracked transactions completed wholly online, you can earn:
£120for Home Insurance

Comments

  • Badger_Lady
    Badger_Lady Posts: 6,264 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Yep - if you want the insurance and buy it online, there's no reason why it won't pay out. Several people have made a "profit" by doing exactly this. (Of course, nothing's guaranteed, but there's a very high chance).

    Info - most insurance companies have to pay around £80 to recruit a new customer through affiliates / comparison sites etc.

    Also - often, they don't make a profit out of you until you sign up for your third year. So the fact that 1 years' premium is lower than the amount they pay to get you is irrelevant - they just hope you'll stay with them long enough to get a profit.

    Go for it!
    Mortgage | £145,000Unsecured Debt | [strike]£7,000[/strike] £0 Lodgers | |
  • bridtown
    bridtown Posts: 452 Forumite
    Part of the Furniture Combo Breaker
    thanks for this i have the same problem with car insurance lol


    thanks again loads of help
  • I would say do not do it unless it makes sense otherwise - I signed up for Barclays on a similar offer and have never got the money despite fulfilling all the criteria!
    £2 saver club £16 so far!! - it's growing!!! :j

    #3 in the £30 k in 2 years on e-bay club :T

    Olympic Challenge - target £3000
  • bridtown
    bridtown Posts: 452 Forumite
    Part of the Furniture Combo Breaker
    opps just done it direct debit

    lets just hope that it tracks and pays if not just cancell the insurance.. it's not a bad deal and with christmas around the corner
  • bridtown wrote: »
    opps just done it direct debit

    lets just hope that it tracks and pays if not just cancell the insurance.. it's not a bad deal and with christmas around the corner

    Bridtown - cancel it quick - as under the "product information" section Nat West DOES NOT COVER the home or contents when LET to Tenants

    I have had the same problem. All (at least all that I looked at) on line insurers will exclude cover where the house is let. To get cover you have to phone them, and whilst cover is easily obtainable over the phone, you wont qualify for Quidco cashback !!
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