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MikeRC
MikeRC e2 Member 83465 forum postsMikeRC vcard United Kingdom
13 Nov 2010 - 10:32 PM

Hi...This last year my building and contents insurance cost 308...renewal is 433.
My broker, The Caravan Club, gives the reason for the increase because the original company Equity Red star no longer does household insurance and this was the cheapest alternative.

I have got an on-line quote from Saga...buildings 260,000, contents 50,000...includes 2,500 photographic equipment, in the home or outside.

Anyone any views on this or any other company I should check out ?

....Thanks....Mike

Last Modified By MikeRC at 13 Nov 2010 - 10:33 PM
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13 Nov 2010 - 10:32 PM

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RogBrown
RogBrown e2 Member 72987 forum postsRogBrown vcard England10 Constructive Critique Points
13 Nov 2010 - 11:06 PM

I've just changed to Saga. Buildings 500,000, Contents 50,000, Personal Belongings away from home up to 1000 per item.
Total price 188.

cats_123
cats_123 e2 Member 103958 forum postscats_123 vcard Northern Ireland24 Constructive Critique Points
13 Nov 2010 - 11:13 PM

just to add a note...I recently had to renew my landlord's insurance and the renewal quote was extortionate...got some new business and the insurer advised me that premiums are based in the main on rebuild value. This only needs to be the market value or just above. might help Smile

cattyal
cattyal e2 Member 85806 forum postscattyal vcard England6 Constructive Critique Points
13 Nov 2010 - 11:25 PM

I'm about to get some requotes for my contents/buildings insurance - am currently with Zurich whose premiums have gone up across the board so almost all of their policies are being re-broked (I work for an insurance brokers). I'll let you know what I come up up with!

The place I work for does loads of blocks of flats insurance as well and pretty much all that business is being moved to a new company too.....

MikeRC
MikeRC e2 Member 83465 forum postsMikeRC vcard United Kingdom
14 Nov 2010 - 12:21 AM

Cheers guys....I forgot to say what the quote from Saga was and now I've forgotten it Smile
...It was certainly a lot more than 188 Rog...I'm 70 Rog...mind telling me how old you are ? ...would you expect that to have a bearing on it ?


Quote: I'll let you know what I come up up with!

Thanks cattyal.....Thanks all.

guidoa
guidoa  121310 forum posts United Kingdom
14 Nov 2010 - 8:05 AM

Try LV, got a very competitive quote from them for both car and house and I'm older than Mike

franken
franken e2 Member 112924 forum postsfranken vcard Wales4 Constructive Critique Points
14 Nov 2010 - 8:15 AM

Direct line are pretty good.

Ken

RogBrown
RogBrown e2 Member 72987 forum postsRogBrown vcard England10 Constructive Critique Points
14 Nov 2010 - 9:04 AM


Quote: I'm 70 Rog...mind telling me how old you are ?

I'm 67, but only on the outside. Smile

MikeRC
MikeRC e2 Member 83465 forum postsMikeRC vcard United Kingdom
14 Nov 2010 - 9:35 AM


Quote: I'm 67, but only on the outside.

...cheers Rog...that'll be what they base their quote on Smile

Thanks guys I will check out LV and Direct Line.

I've got a quote from Saga of 309, a lot cheaper than my renewal from the Caravan Club....this includes 2500 camera gear in the home and 1500 out of it....I think... all a bit confusing.

I haven't yet mentioned that I have a power assisted pedal bike...not sure they will cover that and not sure if I'm bothered for a difference of 124.

....Mike

gaelldew
gaelldew  6242 forum posts United Kingdom
14 Nov 2010 - 12:01 PM

Mike, try RIAS I'm 75 and just changed to them ours is just a normal semi 196 56 1 mill building 50 grand contents. Just take care over the extra items I didn't ask for Accidental cover and just after, the top part of the stand pipe outside broke away. Insurance does differ in different parts though.

Last Modified By gaelldew at 14 Nov 2010 - 12:02 PM
thewilliam
14 Nov 2010 - 12:02 PM

We insured with Saga for many years then they changed insurer and would no longer cover people who run a business from home that involves frequent customer visits. Many other insurers also refuse to cover this "risk".

We went with NFU Mutual because every farm is a business, usually "diversified" and sometimes including photography. NFU doesn't suffer from this ridiculous phobia and they're also reasonably priced.

Last Modified By thewilliam at 14 Nov 2010 - 12:04 PM
RogBrown
RogBrown e2 Member 72987 forum postsRogBrown vcard England10 Constructive Critique Points
14 Nov 2010 - 12:25 PM


Quote: Mike, try RIAS I'm 75 and just changed to them

We just changed FROM RIAS! Smile

Paulbee
Paulbee e2 Member 935 forum postsPaulbee vcard United Kingdom
14 Nov 2010 - 2:18 PM

I insured my 97 y.o. fathers house for him with RIAS and was very satisfied with them. He had moved into a rest home and the place was empty so I insured property only with no contents, cost 177. The house sale was completed this week and he got a refund of 106 immediately with no hassle. We are very satisfied with the way RIAS do things.

PS When you insure a house remember to reduce the house value by the value of the building plot. Insurance companies tell you to insure on the assumption that the entire house is destroyed and needs rebuilding from scratch. But if you do lose the entire house you still dont have to buy a new building plot, so in that case you will be over insured.

Last Modified By Paulbee at 14 Nov 2010 - 2:19 PM
thewilliam
14 Nov 2010 - 2:30 PM

Also, remember that when a house is destroyed by fire or other disaster, the remains will probably need a specialist demolition contractor. The rubble is then subject to a landfill tax of GBP74 per ton.

There'll be architect fees because the planners will probably insist that the new house matches its neighbours.

RICS has a standard house rebuild cost per square metre of floor area. We used this figure for our insured value.

Lynx08
Lynx08 e2 Member 61209 forum postsLynx08 vcard England
14 Nov 2010 - 3:38 PM


Quote: insurer advised me that premiums are based in the main on rebuild value. This only needs to be the market value or just above. might help Smile

Hi, like cattyal I work for an insurance broker and we specialise in house and motor etc. The sum insured for your building should reflect the cost to rebuild your home if it is destroyed. This is normally lower than the market value but will depend on where you live on how much lower. For instance if you live in a very sought after area the market value could be double the rebuild cost. You can't just ask a builder how much they would charge you to build a house like mine because, as mentioned above, there are lots of additional cost involved. Such as demolition, clearance, architects, surveyors, planning etc etc etc. There is a good guide on the following web site http://abi.bcis.co.uk It is only a guide but it'll let you know if you're in the right ball park. Only warning is, it's OK for normal straight forward properties but if you live in a very old house or something out of the norm then get a surveyor in.
The thing about taking of the cost of the land is a red herring, that's no guide to the calculation. (sorry Paulbee).
We only do schemes for particular companies for their staff and pensioners. If you're over 50 one of our main competitors at the moment, price wise, is 50plus which is part of a broker called Bluefin. Saga used to be but more recently they have been quite pricey.

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