Can anyone recommend a good company for house insurance? I thought I had a good deal with Halifax but they have just increased payments enormously this year (for no reason - we haven't had any claims) so want to change company.
Do you mean contents or buildings ? Buildings premiums may go up if there are claims for such as subsidence or flood in same postal district, for example, or perhaps to reflect general rise in rebuidling costs. However you may find that this has also been applied to other companies' premiums. Is your mortgage tied in with the insurance as often they make money by getting you to do so to secure a rate and then raising them.
Thanks, I'll check out Prudential. LIZ, in answer to your questions, it is buildings and contents and all categories seem to have been increased. As you say, it may be a general increase in all companies but that was really why I was looking for recommended names so taht I could check this out (and, if necessary, try and take advantage of good first year deals and then change company each year )
I don't think there is - I went through the policy as well to see if there was a catch. And that is why Dad (very on the ball financially) rang them to check that everything he thought would be covered would indeed be covered.
I rang around as well and couldn't find anytihng cheaaer. We often have problems getting quotes, especially for Buildings, as we live in a conversion (ie the upper half of a big Victorian house) which gives lots of insurers the kittens - but LV weren't bothered.
I think it might be one of Which's Best Buy's but am not sure. I know that in previouos years I would ring around whoever they suggested (minus the many who wouldn't even quote as we lived in a conversion) and go with the cheapest - but LV were much cheaper.
It was even worth me "double" insuring for 4 months to bring my contents and building together (my Buildings were due in September and Buildings at Christmas - so I just did both in September). It's now costing me the same (or even less - can't qute remember) for both as it was for just one.
I hadn't thought of separating out buildings from contents. Are there advantages to being with two companies? I can see it is good to spread the risk but I supppose that I would be a bit concerned that if the house did fall down somehow it would be difficult to get them both to pay up or something?!
The two companies cover separate things. If your building crumbles / roof burns down / car crashes into wall you claim on buildings insurer.
If the furniture got damaged beyond repair when the building crumbled, or your CD collection / jewellery got melted down in the fire, or if your budgie got killed by the car on its way through your living room, you'd claim on contents.
Agree it might be more admin hassle though, dealing with two lots of loss adjusters etc.
G, I use Churchill Insurance for my contents (don't have buildings as I rent) but I pay £13 a month for my contents which was by far the cheapest, and it was all organised online so really easy to sort out.
The other good thing about LV (when I phoned them - I'm waiting for the small print although it is good to hear your stories) was that they offer, I think, £500,000 for rebuilding the house and something like £125,000 for contents. That seems pretty generous compared to other companies I have checked with, apart, alas, from Halifax who offer unlimited rebuilding and unlimited contents. If only they hadn't increased yearly premium by 17%!!! I would be happy to stay with them.
They must get a lot of phone calls to check out that their rates are for real - that's three out of three from the people who've got policies(Lunavix, me - to check that they covered the conversion, plus some extra stuff like dh's wine collection - and my dad!).
You can increase your contents cover beyond the £125k if you really need to as well.