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Home contents insurance rip off

Discussion in 'Rant and Rave' started by bigmac, Sep 3, 2021.

  1. bigmac
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    bigmac Well-Known Member Trusted Member

    i deliberately set a high voluntary excess--to bring the premiums down--but now i find it makes virtually no difference
  2. oss
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    oss Somewhere Staff Member

    I usually do the same, in the unlikely event I am burgled I will accept the risk of some loss, but if the place burned down I want enough compensation to get myself set back up properly, so a decent amount of cover with a fairly high excess in order to get the lowest premium.
  3. Anon220806
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    Anon220806 Well-Known Member

    :D
  4. John Surrey
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    John Surrey Well-Known Member

    Yup... my place was 999yr leasehold so the buildings were probably covered by the owner of the leasehold - so the contents on top were probably not significant.
  5. bigmac
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    bigmac Well-Known Member Trusted Member

    do you own or rent your home ?
  6. Nickel
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    Nickel Active Member

    £61/year?
    I am paying £252/year in all .Am i ripped off by RBHI?
    £1M coverage for building,£2500 for jewelries
  7. oss
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    oss Somewhere Staff Member

    RBHI?

    Royal Bank Home Insurance?

    I think you mean for Buildings and Contents, not sure if that is a good price for buildings insurance these days been a long time since I had buildings insurance and that was in Scotland.

    Bigmac is quoting a Contents only price, you can buy the two insurances separately.

    I have special cover for my photography items worth up to £2000 per item my contents insurance is under £80 a year.
  8. Nickel
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    Nickel Active Member

    Yes RBHI,will check this out,might get lesser premium if I'll separate contents.
    Thanks
  9. Anon220806
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    Anon220806 Well-Known Member

    For some reason mine dropped down to about £60 per year, this year. No idea why.
  10. oss
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    oss Somewhere Staff Member

    I was with LV= for 2020 at something like £120 a year, last year I switched to the Insurance offered by my new bank Nationwide at about £76, this year I did a check of the market again and am now back with LV= for just £59, Nationwide wanted about £97 so the saving was too large to ignore.
    • Informative Informative x 1
  11. bigmac
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    bigmac Well-Known Member Trusted Member

    i was with LV paying around £60...then i hit them with a water damage claim for 18 grand which they paid up straight away no quibble. Then the premium doubled next year--so i switched .
  12. oss
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    oss Somewhere Staff Member

    Yeah the reason I like LV= is that they are actually a good insurer and stand by their policies and don't try an weasel out when a claim is required.

    I've never ever claimed on home insurance ever.
  13. Nickel
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    Nickel Active Member

    That's a lot less than mine.It's my 3rd year steady coverage with RBHI .Need to change for next year's coverage for it will go up by then

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