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Buildings Insurance almost Doubled???
InTheHereAndNow
Posts: 7 Forumite
Hi all
Got my renewal for buildings insurance from TescoBank the other day. Last year it cost £110 but this year they upped it to £250. I phoned them and asked if they could do it any cheaper. I got put through to renewals and was told £205 was the best he could do. I checked the other comparison sites who come in around the same price. I know inflation has been running high but this increase still seems astronomical.
Would be grateful for any advice
Got my renewal for buildings insurance from TescoBank the other day. Last year it cost £110 but this year they upped it to £250. I phoned them and asked if they could do it any cheaper. I got put through to renewals and was told £205 was the best he could do. I checked the other comparison sites who come in around the same price. I know inflation has been running high but this increase still seems astronomical.
Would be grateful for any advice
0
Comments
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Labour / building materials etc etc have rocketed in cost. If the insurer has suffered a high number of claims i.e, from flood damage. Then the cost rises for everybody.
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Go through a cashback site, I use topcashback compare and get £33 back and the best prices are invariably cheaper than the renewal0
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