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Home Insurance Discussion

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  • hypochondriac
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    Annemos said:
    Good afternoon. 

    Have you had Subsidence? 

    If not, I do not think you will have to declare this.... but to be sure, can you log your query as a separate Insurance Question. Then hopefully Sandtree will pick it up and reply to you. 

    Ho ho, you have already done that. Good luck with the replies. 
    Thanks very much. Nope no subsidence, a pretty uneventful year to be honest. 
  • Doc_N
    Doc_N Posts: 8,293 Forumite
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    Hi all hopefully someone can help me. I received a letter today from intelligent insurance to tell me that they could not offer me a renewal quote on my home insurance. Obviously this is very disappointing as I haven't made a claim, have paid on time consistently and my circumstances have not changed (other than I received slightly more income this year.) It says that the decision was made based on changes to their underwriting rules and that it should not affect me obtaining cover with another insurer. Presumably I have to declare this on any comparison sites even if its just an arbitrary decision from the company? Will this have a big impact on the quotes I receive? 
    Tricky one. 

    Intelligent Insurance describes itself as providing 'Specialist home insurance for unusual properties and personal circumstances.'
    That suggests there might be something slightly unusual about your property, or your circumstances.  Companies look for a particular mix of customer profiles, and it may simply be that they're changing that mix, which means looking for different types of risk.  Or it could be that they've simply reassessed the risk using, for example, the postcode by postcode flood maps available to them.  Or, maybe burglary rates.  You could ask them, but they may choose not to tell you.

    Other companies will doubtless be more than happy to take on your business, quite possibly at better premiums, but whether you have to declare the refusal to renew depends on the exact wording of the question asked - you may well have to.

    I'd be inclined to do two dummy run comparisons - one with the declaration and one without, just to assess the impact.  Depending on the outcomes I'd consider the options.  You have to declare it if the wording requires it, certainly, but individual companies will have their own wording and you may find one that does not require it, though that is unlikely, I think.  If the quotes come out high, a broker would help, or talking to individual insurers that you've identified via the comparison site.  These are slightly unusual circumstances, and individual insurers may be quite happy with the reason for non-renewal.

    This might help a bit:   

    https://www.comparethemarket.com/home-insurance/content/home-insurance-cancelled-by-insurance-provider/

  • youth_leader
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    Good morning Doc_N,  I wanted to wish you and your family a Merry Christmas, and to thank you again for all your help last year when my kitchen/lounge roof was blown off,  I've finally reconnected my tv and Nigella is doing her stuff!  
    £216 saved 24 October 2014
  • Doc_N
    Doc_N Posts: 8,293 Forumite
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    Good morning Doc_N,  I wanted to wish you and your family a Merry Christmas, and to thank you again for all your help last year when my kitchen/lounge roof was blown off,  I've finally reconnected my tv and Nigella is doing her stuff!  
    Thank you so much for the kind words. And all the very best to you too. 

    You’ve had such a tough time of things, but I hope it’s all - or at least mostly - sorted out satisfactorily. Enjoy your Christmas!
  • mamawaz
    mamawaz Posts: 1 Newbie
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    I have just received my house and contents renewal and it’s gone up by £160. So I’ve looked on other sites. Direct Line have done a quote in my husbands name with me added and the one in my name with my husband added. I was horrified to see that my quote was £120 more than my husbands for exactly the same info etc. How can this be???? Surely it’s not fair on any woman to be penalised like this.
  • DullGreyGuy
    DullGreyGuy Posts: 11,091 Forumite
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    mamawaz said:
    I have just received my house and contents renewal and it’s gone up by £160. So I’ve looked on other sites. Direct Line have done a quote in my husbands name with me added and the one in my name with my husband added. I was horrified to see that my quote was £120 more than my husbands for exactly the same info etc. How can this be???? Surely it’s not fair on any woman to be penalised like this.
    Who is the current policyholder? Rating based on gender/sex is illegal and so some other factor is relevant
  • 10_66
    10_66 Posts: 3,292 Forumite
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    mamawaz said:
    I have just received my house and contents renewal and it’s gone up by £160. So I’ve looked on other sites. Direct Line have done a quote in my husbands name with me added and the one in my name with my husband added. I was horrified to see that my quote was £120 more than my husbands for exactly the same info etc. How can this be???? Surely it’s not fair on any woman to be penalised like this.
    Could it be anything to do with profession, maybe?
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