House insurance - what's the point?
Discussion
I've been paying house insurance for 13 years, never made a claim.
Now it seems we've got a leaking hot water pipe under the bathroom floor, wood floor with tiles on top.
So I called the insurance company to make a claim, apparently its not covered. Burst pipes are not covered. The damage to the house caused by flooding is covered, but the plumbing, investigation, and work to access the leak is not covered.
Whats the point of that? In this particular case its of no use to me as a policy.
They can take their nodding dog and shove it somewhere come renewal time.
Now it seems we've got a leaking hot water pipe under the bathroom floor, wood floor with tiles on top.
So I called the insurance company to make a claim, apparently its not covered. Burst pipes are not covered. The damage to the house caused by flooding is covered, but the plumbing, investigation, and work to access the leak is not covered.
Whats the point of that? In this particular case its of no use to me as a policy.
They can take their nodding dog and shove it somewhere come renewal time.
We had a pipe fitting come loose on the cold water tap in the upsatirs bathroom about 12 mths ago. Water pissed everywhere for a good couple of mins.
Called the ins co they sent an assessor round and got the whole of the downstairs redecorated, new ceiling in l.room, new flooring etc etc.. Only problems was the state of the house for 6 weeks.
Called the ins co they sent an assessor round and got the whole of the downstairs redecorated, new ceiling in l.room, new flooring etc etc.. Only problems was the state of the house for 6 weeks.
sleep envy said:
as always check what the policy covers before you pay the premium
Yes, I quite agree, in that respect I only have myself to blame.The bit that narks me, is the continual struggle to win the business, be profitable, gain market share, preys on the unwary (let's face it, most of the nation) and provides us with a service that is not really what we want at all.
Bring back true co-operatives, afterall, the notion of insurance started exactly that way with ship owners several hundred years ago.
I've concluded that I'll pay the absolute minimum for insurance that will satisfy the mortgage company and accept that when something goes wrong I am on my own to sort it out.
d.sleep envy said:
no thanks, they'd charge you for a top whack premium plus the cost for administration
I'll go with that; just bought a new place and the mortgage people stated a requirement for 'adequate' buildings insurance to be in place. Fine I said, give me a quote. They cam back with £162. That's not bad I thought, until I was told that that was the monthly figure. Total including £40k contents was something in the order of £2,500 per year.LV= have 'adequate' cover for £232 pa.
Job jobbed.
Dr Rick
Dr_Rick said:
sleep envy said:
no thanks, they'd charge you for a top whack premium plus the cost for administration
I'll go with that; just bought a new place and the mortgage people stated a requirement for 'adequate' buildings insurance to be in place. Fine I said, give me a quote. They cam back with £162. That's not bad I thought, until I was told that that was the monthly figure. Total including £40k contents was something in the order of £2,500 per year.LV= have 'adequate' cover for £232 pa.
Job jobbed.Dr Rick
My present home & contents insurance is with Sheila’s Wheels, with buildings at unlimited costs, contents at £75k for just £159 premium, with cash back on Quidco.
Huntsman said:
I've been paying house insurance for 13 years, never made a claim.
Now it seems we've got a leaking hot water pipe under the bathroom floor, wood floor with tiles on top.
So I called the insurance company to make a claim, apparently its not covered. Burst pipes are not covered. The damage to the house caused by flooding is covered, but the plumbing, investigation, and work to access the leak is not covered.
Whats the point of that? In this particular case its of no use to me as a policy.
They can take their nodding dog and shove it somewhere come renewal time.
I think you misunderstand what the policy is for.Now it seems we've got a leaking hot water pipe under the bathroom floor, wood floor with tiles on top.
So I called the insurance company to make a claim, apparently its not covered. Burst pipes are not covered. The damage to the house caused by flooding is covered, but the plumbing, investigation, and work to access the leak is not covered.
Whats the point of that? In this particular case its of no use to me as a policy.
They can take their nodding dog and shove it somewhere come renewal time.
The insurance policy covers you for *damage* to your buildings. That is what they are doing.
That insurance does not write you out a cheque to find and fix whatever problem it was in your house which caused it.
You can actually get insurance for that though. British Gas among others do it, and I have it free with my Natwest bank account.
The way I see things, I have house insurance for the following reasons:
- The mortgage lender insists upon it
- I can't afford to rebuild the place in the highly-unlikely-but-still-possible event of destruction by flood/fire/runaway cement lorry
- Neither can I afford to replace everything I own if the place burns down
- Nor if I get properly burgled - i.e. more than just a smashed window and a few hundred quids' worth of electrical tat gone
Jonny_ said:
The way I see things, I have house insurance for the following reasons:
Mate of mine lives in Cockermouth, and got caught by the floods at the end of last year. Not just 11 feet of water in the house, but lots of structural damage thanks to the cars being washed into it.- The mortgage lender insists upon it
- I can't afford to rebuild the place in the highly-unlikely-but-still-possible event of destruction by flood/fire/runaway cement lorry
- Neither can I afford to replace everything I own if the place burns down
- Nor if I get properly burgled - i.e. more than just a smashed window and a few hundred quids' worth of electrical tat gone
Its turning into a huge claim!
JustinP1 said:
I think you misunderstand what the policy is for.
The insurance policy covers you for *damage* to your buildings. That is what they are doing.
That insurance does not write you out a cheque to find and fix whatever problem it was in your house which caused it.
You can actually get insurance for that though. British Gas among others do it, and I have it free with my Natwest bank account.
Valid point I guess, interestingly my mum has such cover with British Gas and she says they have been brilliant.The insurance policy covers you for *damage* to your buildings. That is what they are doing.
That insurance does not write you out a cheque to find and fix whatever problem it was in your house which caused it.
You can actually get insurance for that though. British Gas among others do it, and I have it free with my Natwest bank account.
On the plus side, after a bit of swearing and messing about, I got access, fixed the leak, once its all dried up there wont be any lasting damage.
Trouble is, wel all judge insurance by the price alone. Then when we need to claim..... I use a broker I've known for years. Maybe a little dearer, but I know what I'm getting cos he knows what I want, don't have to use a call centre, and if I have to claim, I get good advice. Worth the extra £10 or so.
Always found my house insurance to be great if I'm honest. Had a few claims, one for leaking pipe wrecking the ceiling, they had the whole lot fixed and new boards put up the next day, plastered the day after. Also made a couple of claims for accidental damage to stuff, telly and a laptop (seperate claims!) and again they were great.
Huntsman said:
I've been paying house insurance for 13 years, never made a claim.
Now it seems we've got a leaking hot water pipe under the bathroom floor, wood floor with tiles on top.
So I called the insurance company to make a claim, apparently its not covered. Burst pipes are not covered. The damage to the house caused by flooding is covered, but the plumbing, investigation, and work to access the leak is not covered.
Whats the point of that? In this particular case its of no use to me as a policy.
They can take their nodding dog and shove it somewhere come renewal time.
Sorry to hear about your problem. I presume you have sorted it, but on the off chnace you haven't, you may well find it easier to go in from underneath, ie take a bit fo the downstairs ceiling out. Usually cheaper and easier than disturbing your tiles upstairs.Now it seems we've got a leaking hot water pipe under the bathroom floor, wood floor with tiles on top.
So I called the insurance company to make a claim, apparently its not covered. Burst pipes are not covered. The damage to the house caused by flooding is covered, but the plumbing, investigation, and work to access the leak is not covered.
Whats the point of that? In this particular case its of no use to me as a policy.
They can take their nodding dog and shove it somewhere come renewal time.
Good Luck with it!
poo at Paul's said:
Huntsman said:
I've been paying house insurance for 13 years, never made a claim.
Now it seems we've got a leaking hot water pipe under the bathroom floor, wood floor with tiles on top.
So I called the insurance company to make a claim, apparently its not covered. Burst pipes are not covered. The damage to the house caused by flooding is covered, but the plumbing, investigation, and work to access the leak is not covered.
Whats the point of that? In this particular case its of no use to me as a policy.
They can take their nodding dog and shove it somewhere come renewal time.
Sorry to hear about your problem. I presume you have sorted it, but on the off chnace you haven't, you may well find it easier to go in from underneath, ie take a bit fo the downstairs ceiling out. Usually cheaper and easier than disturbing your tiles upstairs.Now it seems we've got a leaking hot water pipe under the bathroom floor, wood floor with tiles on top.
So I called the insurance company to make a claim, apparently its not covered. Burst pipes are not covered. The damage to the house caused by flooding is covered, but the plumbing, investigation, and work to access the leak is not covered.
Whats the point of that? In this particular case its of no use to me as a policy.
They can take their nodding dog and shove it somewhere come renewal time.
Good Luck with it!
Your forum name made me laugh!
Rags said:
poo at Paul's said:
Huntsman said:
I've been paying house insurance for 13 years, never made a claim.
Now it seems we've got a leaking hot water pipe under the bathroom floor, wood floor with tiles on top.
So I called the insurance company to make a claim, apparently its not covered. Burst pipes are not covered. The damage to the house caused by flooding is covered, but the plumbing, investigation, and work to access the leak is not covered.
Whats the point of that? In this particular case its of no use to me as a policy.
They can take their nodding dog and shove it somewhere come renewal time.
Sorry to hear about your problem. I presume you have sorted it, but on the off chnace you haven't, you may well find it easier to go in from underneath, ie take a bit fo the downstairs ceiling out. Usually cheaper and easier than disturbing your tiles upstairs.Now it seems we've got a leaking hot water pipe under the bathroom floor, wood floor with tiles on top.
So I called the insurance company to make a claim, apparently its not covered. Burst pipes are not covered. The damage to the house caused by flooding is covered, but the plumbing, investigation, and work to access the leak is not covered.
Whats the point of that? In this particular case its of no use to me as a policy.
They can take their nodding dog and shove it somewhere come renewal time.
Good Luck with it!
Your forum name made me laugh!
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