Author Topic: building and contents insurance  (Read 4834 times)

Mike Morgan

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building and contents insurance
« on: July 13, 2013, 03:23:31 PM »
Just had my renewal through from a company that shall remain nameless, but if you know who the Prime Ministerof that England was during WW2 you may be in with a shout.

They wanted 137 and an on line quote came in at 107 for the same firm. Rang them to cancel and went through all the stuff until I told the very pleasant lady that she was competing against herself and she checked and offered the renewal for 103.

These folk in financial services are not to be trusted ;)

Martin Daughton

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Re: building and contents insurance
« Reply #1 on: July 14, 2013, 03:13:13 PM »
Ho yus!

Rob W

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Re: building and contents insurance
« Reply #2 on: July 14, 2013, 04:16:17 PM »
Just had my renewal through from a company that shall remain nameless, but if you know who the Prime Ministerof that England was during WW2 you may be in with a shout.

They wanted 137 and an on line quote came in at 107 for the same firm. Rang them to cancel and went through all the stuff until I told the very pleasant lady that she was competing against herself and she checked and offered the renewal for 103.

These folk in financial services are not to be trusted ;)

Mikey Mike. It's a good job I know you're not tarring (sp) all of us with that brush ;)

Unfortunately though, you're mostly right. I would say 60%-70% involved in FS are more interested in sales/comm/profit than client welfare. Too few follow my ethos of look after your customer, and commissions take care of themselves, plus the customer (hopefully) becomes a client. 

Re the renewals. This has always annoyed me. Remember many yrs ago when I was with Nor Union. Expensive renewal but a 'best buy' for new customers. They offered to reduce my premium, I told hem to shove it. And happened this year when my car renewal was due. The renewal was more expensive than I could get elsewhere, so I changed it. They said they'll match that premium. I lost it with them, telling them if I'd have renewed, in effect they'd be ripping me off. Out of principle I was taking it away from them.     

Mike Morgan

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Re: building and contents insurance
« Reply #3 on: July 15, 2013, 12:04:09 AM »
Rob - big 'Mwah' and glad you spoted the not serious reference to you and your fine colleagues  :D.

Just seems so strange that the renewal people can be so matter of fact (had to write that as I couldn't spell "'blase") about this stuff.  Maybe back in the day opne would have accepted renewal quotes or rang umpteen forms as listed in Yellow pages, but in these days of having internet access there can't be many who don't compare.

An upsetting thing is that I insure my car with Saga ???  Old age don't come alone, eh? ;)

Andrew P

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Re: building and contents insurance
« Reply #4 on: July 15, 2013, 12:21:33 PM »
Good grief! Never thought I'd see this as a topic in the Manband Forum! I work as a commercial insurance broker, having sort of drifted into  an insurance company job back in 1976. Whether it's personal or business insurance, my advice first and foremost is to talk to an insurance broker. You won't necessarily get the rock-bottom cheapest deal every time, but you will get correct advice based on your needs. I arrange all my own covers via an insurance broker (no, not me, someone I trust) and I'm happy the price is as sharp as it can be and the cover matches my needs. Now, the renewal vs. new quote conundrum. Yes, there are two pricing models out there, new business is heavily discounted to draw you in and then load the price at first renewal. Therefore my second piece of advice is to get quotes from other markets whenever you are presented with a renewal bill, and use them to negotiate something acceptable. A good broker will have already done this work for you, but if you've time to kill, it's worth doing anyway. Just make sure the details you enter are exactly the same each time. My third piece of advice - this applies if you are buying cover online or direct - is caveat emptor. You really need to be an expert to understand the fine detail of the contract you are entering into. Beware conditions, warranties and hidden excesses. Cheapest is often just that, whereas what you probably need is something which actually works in the way you expect it to.

(just read what I have typed - what a tedious load of drivel. I'll post it anyway.) 
Cleverly disguised as a responsible adult.

Allan Heron

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Re: building and contents insurance
« Reply #5 on: July 15, 2013, 04:04:37 PM »
I work as a commercial insurance broker.......

Sellout  :)
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Beauty is not love
Love is not music
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halfamix

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Re: building and contents insurance
« Reply #6 on: July 15, 2013, 04:41:17 PM »
OMG and here was me thinking that all MAN fans were Hippys with haircuts!  ;)
I hasten to add that I've not cut my hair its just falling out in my old age!  ::)

Rob W

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Re: building and contents insurance
« Reply #7 on: July 15, 2013, 05:21:14 PM »
OMG and here was me thinking that all MAN fans were Hippys with haircuts!  ;)
I hasten to add that I've not cut my hair its just falling out in my old age!  ::)

You mean you haven't got that insurance policy which pays if your hair falls out?

 

Arjayay

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Re: building and contents insurance
« Reply #8 on: July 15, 2013, 05:57:21 PM »

Andrew P

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Re: building and contents insurance
« Reply #9 on: July 16, 2013, 03:54:24 PM »
Cleverly disguised as a responsible adult.

Nick Nation

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Re: building and contents insurance
« Reply #10 on: July 18, 2013, 11:43:11 AM »
OMG and here was me thinking that all MAN fans were Hippys with haircuts!  ;)
I hasten to add that I've not cut my hair its just falling out in my old age!  ::)

Have no fear, Mr Mix - there are some of us who still like to roll and take an interest in gardening...talking of which...
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halfamix

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Re: building and contents insurance
« Reply #11 on: July 18, 2013, 03:28:19 PM »
 :) Nice one Nick, " I like Bananas cause they got no bones I like M........."  ;)