Insurance for three dogs and one cat comes to about £120 a month 🙀
A recent claim for a minor injury totalled £209, with a grand total of £42 coming back to me We have just worked out that this one policy alone costs over £350 a year.
Previously we have always kept insurance going due to the fear of large bills and I have always been a firm believer in it. However we have been fortunate to hardly need to claim over the past few years and when we have done it has always amounted to no more than £250 before deductions, therefore within the limits of a CC or our disposable income.
So my thinking is that I squirrel away X amount as a buffer and then cancel the policies. I then set up a standing order for the monthly amount to go to a dedicated savings account. My question is, what should X be and ultimately what would be a comfortable pot to be sitting on?
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How much money is a realistic "pot" before cancelling insurance?
34 replies
LibidinousTurkey · 11/12/2015 08:32
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