NFU Renewal Shock - Any other options (thatch)

DawnCBUk

Hi all,

Been with NFU for years and just had my renewal quote. Sticker shock would be an understatement with £400 added onto my already close to 1k premium. Does anyone know of any other insurers that can come close to this? No complaints with NFU as a whole but my house is not a listed property,I've not had a claim here and nothing else has changed. Anyone else have any luck finding some bargaining room on properties like this this?

 This house has been challenging since I bought it but it's becoming downright unaffordable with this premium rise and all the other yearly ongoing maintenance.

Thank you

huckster

Insurance costs have increased considerably, due to increased costs of dealing with claims. E.g., increased labour, materials and replacement goods costs.

So you may not find the new NFU premium uncompetitive.

Best option would be to contact brokers such as Towergate, Home Protect. Brokers will have a number of different Insurers they select from.

You could try the larger Insurers such as Direct Line, Aviva and Allianz, Legal & General. 

With thatched property risks, you normally have to speak to Insurance companies and quite often they want more information. You will probably get a better premium with a mainstream Insurers, than you would through a niche thatched property Insurance company.

dunstonh

Everyone is up in price this year.  My NFU premium went up from £2028 to £2448.      The increase was less, pro-rata than most others and I am a typical NFU customer and cannot buy from comparison sites as they wont offer the cover we need.

To be honest, £1000 for a thatched property is not bad.  

tacpot12

OP stated that the premium was already close to £1000, so it will be close to £1400 with the increase. Still cheaper than paying for the property to be rebuilt in the event of a fire though.