Home insurance, which companies have a higher single item value? + LV No claims years?

forgotmyname

Anyone with LV? My renewal is 50% more than last year and cannot find the no claims years anywhere?

Also due to computer hardware prices increasing constantly it would now cost a lot more to replace our
home computers and the NAS box etc. Know of any with single item limits of £5k or more?

Thanks.

TadleyBaggie

I think insurance "no claims" discount is a motoring insurance thing only.

MyRealNameToo

https://forums.moneysavingexpert.com/discussion/6682073/home-insurance-which-companies-have-a-higher-single-item-value-lv-no-claims-years

Aviva Signature is £5k, had to switch to it from Aviva M&S Premier which had a £15k single article limit but was discontinued this year.

NFU has a £10k limit on their middle tier product but are selective as to who they want to insure, in my experience. Direct Line Platinum is £4k, John Lewis High Value policy I believe is in the ball park, for jewellery is £10k but the policy book refers to the schedule for general items.

Obviously anyone aiming at the HNW/MNW market will have much higher single article limits but the premiums reflect it as those people are less price sensitive and care more about quality (hopefully)

https://forums.moneysavingexpert.com/discussion/comment/82125200#Comment_82125200

NCD used to be motor only but for over a decade some Home insurers have gotten into the game too, others stick to a simple how many years of insurance and how many claims in the last 5 years model. There is much more inconsistency between insurers and its often not as complex as Motor (lose 2 years but for 5+ years you go to 3 years… most home insurance NCD is if you have a claim you lose the NCD but some are now offering NCDP too)

etienneg

https://forums.moneysavingexpert.com/discussion/6682073/home-insurance-which-companies-have-a-higher-single-item-value-lv-no-claims-years

I may have misunderstood something, but does EACH of your computers cost more than £5k? Does your NAS on its own cost more than £5k? Isn't that what a SINGLE item limit means?

MyRealNameToo

https://forums.moneysavingexpert.com/discussion/comment/82125307#Comment_82125307

Single article can be complex, especially if you buy your computer in components and build it yourself. Generally you would be looking at each computer and NAS separately but things may get merkier if you bought a bare NAS enclosure and put in SSDs yourself

It's certainly possible to spend well over £5k on a NAS, though would be surprised if many are on a domestic system. Computers are much easier to get over the £5k mark given the silly price of RAM and high end graphics cards these days

forgotmyname

Yes the cost to replace each one of the computers is now close to £5000 and not getting any cheaper.
16core CPU with 64GB RAM was an overkill build and I added a 3080Ti so to replace that now is close
to £5000. Some of my hardware is no longer available like the keyboard with 18 programmable function keys
which are getting harder to find in working order and getting dearer also.

I purchased several 20TB hard drives before the price increases and now a single drive costs more than I paid for
3 of them and the NAS unit itself is over £1000 and I have added 10GbE to it also. The cost soon adds up when
your looking at the cost of replacement.