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Home Insurance Discussion

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  • archer5
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    Well Done!
  • clearmydebts
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    xandertarr wrote: »
    Does anyone have any experience on which insurance companies will cover furnished rented accomodation?

    I see on Martin's newsletter this week he suggests students use regular insurance providers for their contents cover. I am in a similar situation of needing to renew contents cover for a furnished property and found that a lot of companies don't cover the contents if it is furnished (which I would assume most student properties are).

    For example, Direct Line won't cover furnished rented accomodation:

    Q. Can I insure Contents in fully furnished rented accommodation?
    A. We are unable to insure the contents of fully furnished rented accommodation, as this should normally be the landlord or managing agent's responsibility.

    It might be worth establishing which regular providers will cover rented accomodation rather than students (or other renters) take out cover which isn't actually valid.

    I would like to know if anyone has any quotes for this too. I am moving to a fully funrished property but want to get cover for my engagment ring, musical equipment etc
    Total (Aug 19):€58,567 Now:€26,947
    DFD:Nov 22/June 22
    Mortgage: €199,712
    MFD: March 2042/July 2034
  • INSPIRED
    INSPIRED Posts: 196 Forumite
    First Anniversary Combo Breaker
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    I am looking for home & contents insurance at the moment and Swinton are offering £30 cashback on moneysupermarket.

    How do I get that cashback and quidco cashback?

    Presumably, from Quidco I retrieve a saved quote on Swinton's website but then it is not a new quote and I always thought that the quidco cashback has to be for a new quote.

    Confused? Me, too! Can anyone shed light on the matter - even better, has anyone done it and succeded?
  • Katie-Kat-Kins
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    Quick question,

    I'm going through the comparison sites and it asks you if you have any previous claims, but doesn't include an option to say that the claim was dealt with at no cost to insurers. We had a vehicle strike our property, we claimed on our insurance but they recovered the outlay including our excess from the owner of the vehicle.

    Obviously I can't say that there was no claim, but this shouldn't really increase the premium as it was resolved at no cost.

    Any advice??
  • lesleymarr
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    dbs wrote: »
    I have a modest semi 3 bedrooms how much should I insure the contents for?

    Tried the Hiscox calculator came out at £50 k which seems steep to me what do most people with a semi insure for? Have been doing it for £25000 is this enough?
    Yes same here. Then i went through the categories deleting all the stuff i didn't want to insure because I don't have it. I don't have carpets (I have asthma), dishwasher, tumbledryer, children's toys and my furniture is very inexpensive-junk- but lovely. After that i pressed continue and the website put the stuff back! so it says I have to insure carpets and all the stuff I don't have and it works aout at £50k as you say not the £10 i worked out. I am astonished. This is nonesense. I think I will take Martin's extreme advice, insure with a monstrously high excess and self-inure. BTW Legal & General gave the best quote at £80 pa (£40 for me as i went through Wesleyan; I am a teacher) but they warned me that I am underinsured, which is what they call, telling the truth.
  • dacouch
    dacouch Posts: 21,637 Forumite
    Name Dropper First Anniversary First Post
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    lesleymarr wrote: »
    Yes same here. Then i went through the categories deleting all the stuff i didn't want to insure because I don't have it. I don't have carpets (I have asthma), dishwasher, tumbledryer, children's toys and my furniture is very inexpensive-junk- but lovely. After that i pressed continue and the website put the stuff back! so it says I have to insure carpets and all the stuff I don't have and it works aout at £50k as you say not the £10 i worked out. I am astonished. This is nonesense. I think I will take Martin's extreme advice, insure with a monstrously high excess and self-inure. BTW Legal & General gave the best quote at £80 pa (£40 for me as i went through Wesleyan; I am a teacher) but they warned me that I am underinsured, which is what they call, telling the truth.

    It does sound like you are under insuring which will cost you dearly should you make a claim.

    When calculating the value of your contents you need to work on the basis of what they would cost to replace them with a BRAND NEW item. I would strongly recommend you do not insure for £10000 as any claims you put in will be reduced by whatever percentage you have under insured by.

    The average home has circa £42000 of contents so £10000 is a very very low amount
  • Maltbyman
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    Hi,

    At present my building insurance is through the Abbey B/soc with whom I have a mortgage. I have asked them if I can change insurance companies in order to benefit from lower insurance prices but they say it's tied in with the mortgage. I can find no reference to this on the agreement.
    Are they just trying to con me in staying with them and paying a much higher insurance cost.

    Look forward to any comments from anybody who has been in the same position.
  • Lieutenant_Thrift
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    Hi,

    I'm trying to get contents insurance for a modest amount of stuff (value <£5000). I've tried the different comparison sites and it appears to be a toss up between Shelias' Wheels and the AA. This raises a number of questions which I hope my fellow moneysavers can help me with:

    1. Is shelia's wheels going to be detrimental to me because I'm not a woman? Question raised by the "insurance with women in mind slogan" at the top of the site and I'm wondering if they're man friendly. Mind you, I co-habit with my partner who is female.

    2. When trying to get a quote from SW, I entered my partners' details as co-holder. She is currently a postgrad student to which the site said they couldn't give me a quote and would have to phone. Should I put my partner down as a co-holder or will be penalised? about a third of the stuff in the house belongs to her.. On the other hand, is there a benefit from her being a student?

    3. I don't know what kind of lock I have on my door. all I know is it's a Union brand manually operated by a latch key. It is opened by hand from the inside. One worry is that someone could smash out a panel in the door and then reach inside to open it. Should I get a mortice lock that you need a key at all times with?

    Thanks,

    LT
  • dacouch
    dacouch Posts: 21,637 Forumite
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    There is another issue which you need to be aware of, it is very important that you Insure your contents for the FULL COST OF REPLACING THE ENTIRE CONTENTS AT NEW COST. The amount you are proposing sounds very low and even if £5000 is sufficient on this basis at the moment it will quickly be insuffcient as you aquire new items.

    If you do not Insure for the full amount you can find any claim you put in is reduced by the percentage you are "Under Insured". So if you actually have £10000 and insure for £50000 your claim would be reduced by 50%..

    With regard to your other questions

    1) No

    2) It is important that you declare the correct information about you and any one who lives with you. Your partner needs to be declared to the Insurers and she needs to be a joint policyholders. If you do not include her as a joint policy holder there could be problems when youn put a claim in. It is also important that she is declared as if SW would not accept Students and you do not declare her then SW are entitled to void the policy and not deal with claims if they discover this. (If an Insurer voids / cancels your policy for these reasons you will have to declare it for future motor and home and any other Insurances and it will make it very very difficult to obtain cover at a reasonable cost.

    3) A Mortice lock is always better than a type of lock so if your Landlord is happy for you to change the lock it is worth considering.
  • underthematress
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    Hi,

    First time buyer here and looking at buildings insurance quotes. I do not know if the property has subsidence. The home report says "there was evidence of previous movement by cracking in the walls but no evidence to show movement was serious and no signs of recent movement" do i say there was subsidence?it ups the quotes from £100 to £300!!

    The flat is early 1900's so there is bound to be some cracks!

    Don't want ot click something we dont have!

    Cheers,
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