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Anyone know about Home Contents Insurance - not sure whether to make a claim?

7 replies

cece · 11/02/2008 11:14

OK - lost a diamond off of my engagement ring. Have a quote for £162 to repair and reset the other diamonds.

Just looked at my policy. I have a £100 excess to pay with each claim. So do I make a claim and risk the premium increasing by more than the £60 I would get back or just pay for it myself?

Is it like car insurance in that they take into account a no claims discount????

OP posts:

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karen999 · 11/02/2008 11:25

Tbh I wouldnt bother if you have to pay £100 for every claim. Seems pointless. Perhaps you should call your insurance company and see what they advise?

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cece · 11/02/2008 12:04

That's what I thought too, especially if they increase the premium next year becasue of the claim.

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cat64 · 11/02/2008 12:17

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cece · 11/02/2008 12:24

Thanks for the replies, guess I will try and find £162 to get it done...

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mollyjoe · 11/02/2008 12:44

I work in insurance & my advice would be to find the £162.00 if you can afford it as its not a big enough claim to warrant losing no claims discount & your premium going up as you would have to declare it for the next 5 years.....

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cece · 11/02/2008 17:00

OK thanks for that - just as I thought¬! Why didn't I lose the biggest diamond

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Daisymoo · 11/02/2008 20:33

It does depend on the insurance company though - some don't work on a no-claims discount basis, others do, might be worth seeing what your insurance company actually says.