| Buildings/contents insurance *also* up by about 25% 16:07 - Jul 24 with 1112 views | Ryorry |
Some may remember I posted similar thread about motor insuance.
The rep I spoke with was unable to offer any reduction or explantion other than "prices have gone up acoss the board"  |  |
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| Buildings/contents insurance *also* up by about 25% on 16:38 - Jul 24 with 1043 views | factual_blue |
It's because we're in the Premier League again. |  |
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| Buildings/contents insurance *also* up by about 25% on 16:44 - Jul 24 with 1031 views | Help |
As I contributed to the motor thread, I am afraid the same on home insurance. Costs of claims have risen, such as labour and materials etc.
best to shop around as usual. Try the voluntary excess game to see if increasing it brings relative savings and if so buy excess protect insurance for the full amount of your total excess.
However with building and contents insurance be very careful what cover you have and what you need. Do you have cover for contents outside of the home?
Do you have items that need specifing, such as jewellery, bikes etc that may be over the single article limit under the policy.
It's a bit more complicated than motor insurance. |  |
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| Buildings/contents insurance *also* up by about 25% on 16:53 - Jul 24 with 1009 views | Cheltenham_Blue |
I haven't shopped around at renewal for ages, all changed this year with the rising costs. |  |
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| Buildings/contents insurance *also* up by about 25% on 16:58 - Jul 24 with 1000 views | EdwardStone |
As per my advice on the car insurance thread
A Plan.... now Howden.... also do Home and Contents insurance
In fact, If you tell them that I sent you, I get a £25 S&M voucher |  | | |
| Buildings/contents insurance *also* up by about 25% on 17:03 - Jul 24 with 985 views | _clive_baker_ |
Feels like all of my annual renewals are going up by about 20%. I asked why of 1 last week and got a 1 word answer of 'inflation'. Asked them where they were based (Liverpool) and then for a better explanation given inflation is currently at 2% and even at its highest a few months ago was <9%. Needless to say, no proper explanation. Wasn't the individual in questions fault but as a business if you're going to put a 20% increase through to a customer despite a year of no more claims (and having never claimed in their life) you should probably make sure your staff are equipped with the justification. Feels a bit opportunistic. |  | | |
| Buildings/contents insurance *also* up by about 25% on 17:06 - Jul 24 with 970 views | Help |
| Buildings/contents insurance *also* up by about 25% on 17:03 - Jul 24 by _clive_baker_ |
Feels like all of my annual renewals are going up by about 20%. I asked why of 1 last week and got a 1 word answer of 'inflation'. Asked them where they were based (Liverpool) and then for a better explanation given inflation is currently at 2% and even at its highest a few months ago was <9%. Needless to say, no proper explanation. Wasn't the individual in questions fault but as a business if you're going to put a 20% increase through to a customer despite a year of no more claims (and having never claimed in their life) you should probably make sure your staff are equipped with the justification. Feels a bit opportunistic. |
Bit like every players costs £20m | |
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| Buildings/contents insurance *also* up by about 25% on 17:08 - Jul 24 with 965 views | Zx1988 |
| Buildings/contents insurance *also* up by about 25% on 17:03 - Jul 24 by _clive_baker_ |
Feels like all of my annual renewals are going up by about 20%. I asked why of 1 last week and got a 1 word answer of 'inflation'. Asked them where they were based (Liverpool) and then for a better explanation given inflation is currently at 2% and even at its highest a few months ago was <9%. Needless to say, no proper explanation. Wasn't the individual in questions fault but as a business if you're going to put a 20% increase through to a customer despite a year of no more claims (and having never claimed in their life) you should probably make sure your staff are equipped with the justification. Feels a bit opportunistic. |
You can always try and spark discontent from within by asking the poor customer service agent whether their wages have also been increased by (insert premium increase percentage here).
I feel sorry for these poor folks being put on the front line of trying to justify these hikes whilst, most likely, not having had any significant sort of wage increase in years. |  |
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| Buildings/contents insurance *also* up by about 25% on 17:09 - Jul 24 with 950 views | blueasfook |
I am no economist but I think 2 years of 10% inflation might have something to do with it. |  |
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| Buildings/contents insurance *also* up by about 25% on 17:11 - Jul 24 with 940 views | Cheltenham_Blue |
| Buildings/contents insurance *also* up by about 25% on 17:03 - Jul 24 by _clive_baker_ |
Feels like all of my annual renewals are going up by about 20%. I asked why of 1 last week and got a 1 word answer of 'inflation'. Asked them where they were based (Liverpool) and then for a better explanation given inflation is currently at 2% and even at its highest a few months ago was <9%. Needless to say, no proper explanation. Wasn't the individual in questions fault but as a business if you're going to put a 20% increase through to a customer despite a year of no more claims (and having never claimed in their life) you should probably make sure your staff are equipped with the justification. Feels a bit opportunistic. |
It is opportunistic exactly as the rise in fuel and food prices was.
There are a lot of companies worldwide scraping back their losses post Covid and Ukraine is a convenient side-show. | |
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| Buildings/contents insurance *also* up by about 25% on 17:15 - Jul 24 with 923 views | _clive_baker_ |
| Buildings/contents insurance *also* up by about 25% on 17:08 - Jul 24 by Zx1988 |
You can always try and spark discontent from within by asking the poor customer service agent whether their wages have also been increased by (insert premium increase percentage here).
I feel sorry for these poor folks being put on the front line of trying to justify these hikes whilst, most likely, not having had any significant sort of wage increase in years. |
Quite. I didn't feel that to be appropriate, but I think we all know the answer to that one. With remote working rents might be a saving, and costs like business rates, salaries I dare say are nowhere near increasing to that extent. Other operational expenses might in some cases, utilities for example, but as a % of these firms total cost base they're probably fairly small. And while motor and home claims might be getting more expensive which I can see some logic for (e.g. the average home insurance claim was 11% more expensive last year apparently), given only 5% of people claim annually it should have a pretty negligible impact, and certainly not 20%+ to everyone's bill. Much more in some cases. | | | |
| Buildings/contents insurance *also* up by about 25% on 13:18 - Jul 25 with 668 views | Ryorry |
| Buildings/contents insurance *also* up by about 25% on 16:44 - Jul 24 by Help |
As I contributed to the motor thread, I am afraid the same on home insurance. Costs of claims have risen, such as labour and materials etc.
best to shop around as usual. Try the voluntary excess game to see if increasing it brings relative savings and if so buy excess protect insurance for the full amount of your total excess.
However with building and contents insurance be very careful what cover you have and what you need. Do you have cover for contents outside of the home?
Do you have items that need specifing, such as jewellery, bikes etc that may be over the single article limit under the policy.
It's a bit more complicated than motor insurance. |
Thanks. By thei own admission, buildings costs have only inflated by (about) 4.5% & contents by 2.5%, so no idea how they got to 25%! As some have said, looks like a p-take.
Accidental damage applies to outside homee, last claim was for bust glasses, 2018. No individual items.
At least this time I have a month to shop about! - ta for the mem jog on vol excesses 👍 | |
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| Buildings/contents insurance *also* up by about 25% on 14:48 - Jul 25 with 599 views | benrhyddingblue |
Definitely have a look around. Mine came through a month or so back up almost 30%. Had a look around and got it sorted for only a few pounds more than last year. | | | |
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