House ins help please!

pigletpig

I hope someone can advise. I have a cracked outer window pane(stone thrown I thinlk by local idiot).A local glazing firm said it woukld be £200ish to sort it. To claim through the house ins.I know there is a £50 excess.Could someone advise by how much my future renewals/ new policies will increase if I go down the claim route. Insurance with Budget. Have never claimed on a policy before. Thanks

lisyloo

The only people who would be able to give you an exact figure would be your insurance company.

For £150 my gut feeling is that it isn't worth claiming.

Powerful_Pierre

If it is not worth claiming then the OP should put up their excess from £50 to £200 which may make their poilcy less expensive. I am always surprised that people opt for a small excess and then pay £2-300 more than their excess to avoid making a claim. What would you do if you had a potential claim for £400 with a £200 excess?

pigletpig

I wonder if someone has an idea how much premium renewals increase following a small insurance claim (couple of hundred) and for how many subsequent years this carrys on. Cant make my mind up whether a claim is worth it. Thanks

Steve1981

pigletpig wrote: »

I wonder if someone has an idea how much premium renewals increase following a small insurance claim (couple of hundred) and for how many subsequent years this carrys on. Cant make my mind up whether a claim is worth it. Thanks

selling home insurance I would often see people making very small claims, things like £60 for a pair of glasses, with a £50 excess:eek:
or 6 claims in 2 years for children spilling things on carpets.

it is often viewed that people who make small claims are a bigger risk, as little incidents are likely to happen more often. By example I completed a quote for buildings and contents and gave a price, the customer told me should have forgot to mention that she had made a claim for fire damage for £11,000, upon entering the claim the price went up about £21. I phoned our underwriters to see if this was correct as it seemed too good to be true, and they explained that big claims like that dont happen to an individual very oftern (maybe once in a lifetime) and as such would be unlikely to happen again.

If however it was for vandalism or theft, then it is always viewed that there is a big chance they will come back again and as such a bigger loading would have been applied.

No one can give a you a price that insurance will go up by for claiming as there are too many other factors in the quote - and dont forget renewals will go up anyway.

Home insurance in my view should be there for the major risks, fire, theft, storm, flood, etc, not for little claims, as this then has a loading to the policy.