Covea home insurance

Pagw

Hello, Covea is coming up with the cheapest quote for my home insurance, and I wondered does anyone here have experience with making claims with them and how reasonable were they?

DullGreyGuy

Pagw said:

Hello, Covea is coming up with the cheapest quote for my home insurance, and I wondered does anyone here have experience with making claims with them and how reasonable were they?

Covea is a typical mid market insurer... they sell a range of products and it will somewhat depend on if you are buying their budget, mid net worth or a bespoke product.

Their "Executive" range of products for mid net worth are actually fairly interesting as they can be fairly well priced but with the type of extras normally only seen on high net worth policies (eg Driving Other Cars on Car Insurance gives you comprehensive insurance rather than the normal third party only). 

They will participate on brokers/intermediary products giving the seller full delegated authority on servicing and claims so their name is only relevant for financial certainty and play no part in the quality of service/claims. 

Pagw

I suppose if it's coming up as the cheapest quote then it's probably from their "budget" range.

DullGreyGuy

Pagw said:

I suppose if it's coming up as the cheapest quote then it's probably from their "budget" range.

Not automatically... products are priced to be aimed at certain customers and will give high prices to those that are outside of the scope plus some will have ceilings and floors so if you want a quote for £10,000 of contents the mass-exclusive won't quote, the budget will and will be cheap and the mass market will be more expensive whereas if you say you have £150,000 of contents the budget won't quote, the mass-exclusive and mass-market will and it could be questionable which will be cheaper.