Insurance discount for good behaviour?
Discussion
Our buildings and contents insurance has always been about £150 for the last five years at least, the last three years with the same company. We had a small claim this year for a damaged shed and stolen bike, probably £1100 in total, which was dealt with efficiently after we provided the necessary evidence.
Renewal this year has come in at £110 with free home emergency cover! Checking the meerkat shows comparable insurance quotes still around £150, so has our insurer essentially given us a discount because they know we're reliable customers and aren't about to put in spurious/overinflated claims, similar to how it's better to have maintained a good credit record rather than be an unknown risk that has never taken out credit at all?
Has anyone else ever had this from their insurer?
Not that I'm complaining.
Renewal this year has come in at £110 with free home emergency cover! Checking the meerkat shows comparable insurance quotes still around £150, so has our insurer essentially given us a discount because they know we're reliable customers and aren't about to put in spurious/overinflated claims, similar to how it's better to have maintained a good credit record rather than be an unknown risk that has never taken out credit at all?
Has anyone else ever had this from their insurer?
Not that I'm complaining.
Edited by anonymous-user on Wednesday 20th July 09:43
A renewal reduction ( sizeable ) post a claim that wiped out all of your premiums since you first insured with them - yup you’ve done well there !
If they did that for all their “ loyal “ customers they’d be out of business.
If you haven’t already I’d be accepting those renewal terms quickly just in case they have made an error.
If they did that for all their “ loyal “ customers they’d be out of business.
If you haven’t already I’d be accepting those renewal terms quickly just in case they have made an error.
alscar said:
A renewal reduction ( sizeable ) post a claim that wiped out all of your premiums since you first insured with them - yup you’ve done well there !
If they did that for all their “ loyal “ customers they’d be out of business.
If you haven’t already I’d be accepting those renewal terms quickly just in case they have made an error.
It rolls over automatically at the end of July so just going to keep my head down. Computer says yes!If they did that for all their “ loyal “ customers they’d be out of business.
If you haven’t already I’d be accepting those renewal terms quickly just in case they have made an error.
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