We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
LV Home Insurance
D_P_Dance
Posts: 11,585 Forumite
I have just received a renewal notice from LV. It is to be increased from £100 pa to £160. I have thus renewed with Direct line with similar cover for £87.00.
I phoned LV for an explanation and asked them why Confused.com were quoting an annual premium with LV at £87.00. All they could offer was that due yto flooding and bad weather claims had been considerably higher in the last year.
I wonder how long they will stay in business.
I phoned LV for an explanation and asked them why Confused.com were quoting an annual premium with LV at £87.00. All they could offer was that due yto flooding and bad weather claims had been considerably higher in the last year.
I wonder how long they will stay in business.
You never know how far you can go until you go too far.
0
Comments
-
LV wanted a 75% increase on my car insurance renewal when there were no changes to my circumstances so I went elsewhere. My wife's insurance with Saga increased by only £20 so she's still a customer.0
-
I phoned LV for an explanationAnd you genuinely think a call centre worker is going to know the mechanics behind pricing?I wonder how long they will stay in business.LV general insurance hasn't been owned by LV for some years. Its just a badge now and the current owners will be fine. In reality, you taking an £87 annual premium elsewhere has probably saved them money.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Its a bit more than that now as Allianz has moved it B2C business to be under the LV= brand name now so there is probably some harmonisation of the two rates.dunstonh said:I phoned LV for an explanationAnd you genuinely think a call centre worker is going to know the mechanics behind pricing?I wonder how long they will stay in business.LV general insurance hasn't been owned by LV for some years. Its just a badge now and the current owners will be fine. In reality, you taking an £87 annual premium elsewhere has probably saved them money.
Absolutely agree that a call centre agent sees no more information on pricing than is presented to a customer if they self serve a quote on the website.0 -
In reality, you taking an £87 annual premium elsewhere has probably saved them money.
Please explain
You never know how far you can go until you go too far.0 -
£87 premium is £77 once IPT has been paid.D_P_Dance said:
In reality, you taking an £87 annual premium elsewhere has probably saved them money.
Please explain
Confused.com charge £50 per sale so LV= are now only getting £27
Take off IT costs, staff costs etc etc and you'll be lucky to have anything left to put towards any potential claims.0 -
My experience last year was the opposite. I was with Direct Line but moved to LV as they were £100 cheaper.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 349.7K Banking & Borrowing
- 252.6K Reduce Debt & Boost Income
- 452.9K Spending & Discounts
- 242.6K Work, Benefits & Business
- 619.4K Mortgages, Homes & Bills
- 176.3K Life & Family
- 255.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards