ChrisB

Just doing a few quotes with Esure.

There's no difference in cost between insuring my house for £50k and £70k of building cover.

Can you over-insure a house? Is that likely to cause you grief?

boxst

Hello

The last two insurance policies that I have had contained a "no limit" buildings cost, so I assume that this doesn't matter.

Steve.

robski

Nope cant over insure as what will happen is should it burn down or need repair then it will get fixed by the Ins co.

Normally if you under insure then its taken pro rata, so if you insure a 100k rebuild cost house for 75k they will only pay 75% of any reapirs.

Under insure works the same for contents.

You can over insure your car as well if you want, but you wont get any extra over its agreed value. I say agreed as a certain amount of negotiation can take place at the time of a total loss.

dnb

Another thing with being under insured on property that I didn't know about until recently is that in the event of a partial loss of property, the insurance co. totals up the value of everything, not just what you are claiming for - so if you are claiming for 50% of your property (worth say £50k) and you are insured for £50k, then the company may try to only pay out £25k, even though you think you are insured up to £50k.

I think that's correct - it was based on a discussion I had with a neighbour a few months ago...

ChrisB

Cheers guys - as it costs me no extra, I'll take £70k of cover then

V5

Chris

Our current contents insurance is with Abbey National and has no limit. And it was the best quote we found! Just got a quote of them for buildings and contents insurance on the house we're buying both are for no limit, and it seems pretty good!

Will have a look at your link and get a quote to compare.

Iain

ChrisB

Esure are coming out around £170, Direct Line want £260 and Tesco £310.

All based on same values and excesses. Why DL and Tesco differ so much when they are backed by the same company, who knows?

Chris.

V5

Chris

What are you insuring???? Ours is coming out in the region of £460!! That's a 3 bed terrace with a value of £150k and contents at £60k (their max).

Iain

ChrisB

Christ Ian!

Two bed end town house @ £70k (survey rebuild value is £50k), £20k contents, accidental damage on both + £2500 cover on items away from home, std £50 excess (no voluntary extra)

Living in Stoke has it's benefits



[Edited by ChrisB - 5/28/2003 1:37:28 PM]

V5

PMSL!

Sorry Chris, I've been there and would rather pay the £30 a month!!



But seriously tho - that is a biiiiig difference! Are all arsonists snobs who want a Farnham postcode?? It's the only reason I can think of!!

ChrisB

That's okay - when I visit IanW in Surrey, I'm glad to get back North of Watford into the land of sensibly priced houses

V5

Damn! Can't argue with that!

what would scooby do

Just renewed mine - £400k buildings, £40k contents, £213 with legal and general.. they are always cheapest for me, but also provide decent cover (unlike tesco's, direct line etc)

If anyone else is renewing, I have some vouchers which give me (and you) a £10 voucher (wow) if you take up cover with them

what would scooby do

Legal & general quote line is 0500 66 55 55 - quote reference number 5792-7

V5

So what do people think is a reasonable amount for content's insurance? You know, if the worst happens and your home is razed to the ground and you have to replace everything?

fast bloke

wwsd - if anyone wants to arrange their L&G B&C ins through me I will get them vouchers for £12.50.