Insurance discussion pls

Doozergirl

My friend used her household legal cover and it came in really handy for her with a speeding ticket that went quite wrong when she got trapped in Spain and couldn't reply to the letter in the UK.  

I've also used legal cover bought with car insurance with a car accident where someone drove into the back of me when I was stationary waiting to turn at a T junction and tried to blame me!   It only took 4 years to get to court, but I did get vindication.  🙄

FreeBear

tacpot12 said: I would say that you should not insure for costs that you can afford yourself if the risk event happens.

Home emergency cover is one I would certainly not bother with - Things like blocked drains and burst pipes, I can fix myself. Just about anything else on the "emergency" list that is likely to happen would fall under an exclusion clause.

twopenny

Buildings is the one you need to get right for acarage and rebuild.

For contents I went round the house and costed the contents replacement just from knowledge not exactly.

Half my furniture is family from hundreds of years ago so irreplacable and I wouldn't/couldn't replace the same so I left that out.

Frankly the rest would be easily replaced again, unless you have high end stuff you want replaced with like.

Any valuables like gadgets if you have classy ones including loosing them out of the house - ie on holidays if we ever get them again can be worth doing as a small amount to include and then you can leave them out of travel insurance and cut a cost that way.

ashe

Home emergency cover is great and I wouldn’t be without it. We have had them
Out 4 times in 2 years and each time it’s saved us a fortune and got us out of a bind.

Contents cover definitely get it. I’ve been burgled twice and both times they took items worth several thousand pounds (games consoles, camera gear, computers); we live in a nicer area now but both times insurance paid out
without a problem 

it does nothing for your stress etc but having a big fat cheque instead of rebuying everything certainly does 

Rosa_Damascena

FreeBear said:

tacpot12 said: I would say that you should not insure for costs that you can afford yourself if the risk event happens.

Home emergency cover is one I would certainly not bother with - Things like blocked drains and burst pipes, I can fix myself. Just about anything else on the "emergency" list that is likely to happen would fall under an exclusion clause.

You, grumbler and Jeeps are so handy.

I'd have it if I didn't have reliable trades on the end of the phone.

grumbler

ashe said:

We have had them Out 4 times in 2 years
I’ve been burgled twice

That's what customers like me pay for - IF they buy these insurances.

I've never had either emergencies or burglaries. Saved a fortune over 20+ years.

My boiler broke twice and cost me £300ish to repair in total. That's it.

lucypilates

grumbler said:

ashe said:

We have had them Out 4 times in 2 years
I’ve been burgled twice

That's what customers like me pay for - IF they buy these insurances.

I've never had either emergencies or burglaries. Saved a fortune over 20+ years.

My boiler broke twice and cost me £300ish to repair in total. That's it.

Absolutely agree with this strategy - I've done this with my cats and they've got over £1500 in their own account for their medical  stuff ... 

Grenage

Basically if an event is beyond ones ability to recover - insurance is a good idea.  That's home & contents for most people, and car insurance as a legal requirement (in the UK).  Legal cover always seems to be thrown in when I shop around once a year.

Everything else is essentially a tax on people who aren't able to budget; boiler/plumbing/electrics/pets/electronics/etc.