Buildings only insurance
Discussion
Buildings and Contents Insurance Renewal time again.
In the scheme of things my renewal quote is not outrageous (under £900). This is for all standard stuff.
But it got me thinking of just doing a quote for buildings insurance only. This came in at £500.
Has anyone else been thinking the same.
N.B. I am at the time of my life where I am clearing stuff out and not going to be purchasing expense stuff.
Only things that are over £1000 are TV, Fridge, cooker and furniture. Only the TV is under 3 years old everything else is much older.
In the scheme of things my renewal quote is not outrageous (under £900). This is for all standard stuff.
But it got me thinking of just doing a quote for buildings insurance only. This came in at £500.
Has anyone else been thinking the same.
N.B. I am at the time of my life where I am clearing stuff out and not going to be purchasing expense stuff.
Only things that are over £1000 are TV, Fridge, cooker and furniture. Only the TV is under 3 years old everything else is much older.
alscar said:
Paint and decoration generally is covered under the buildings insurance but the cost of carpets and furniture can add up seriously quickly.
You may even to be wary of being under insured which depending on the t and c and limits given can be a painful thing to experience.
On the topic of under insured I have always assumed that things that were fitted were part of buildings. Would happily stand corrected but i thought carpets and fitted cupboards (bedroom & kitchen) were buildings while any moveable item was content. The only item I think is in a grey area is curtains.You may even to be wary of being under insured which depending on the t and c and limits given can be a painful thing to experience.
Greenmantle said:
alscar said:
Paint and decoration generally is covered under the buildings insurance but the cost of carpets and furniture can add up seriously quickly.
You may even to be wary of being under insured which depending on the t and c and limits given can be a painful thing to experience.
On the topic of under insured I have always assumed that things that were fitted were part of buildings. Would happily stand corrected but i thought carpets and fitted cupboards (bedroom & kitchen) were buildings while any moveable item was content. The only item I think is in a grey area is curtains.You may even to be wary of being under insured which depending on the t and c and limits given can be a painful thing to experience.
Carpets can be a grey area although as fixed logic says buildings.
However the whole under insurance bit can obviously apply to both.
Greenmantle said:
Yep
high excess
no accidental damage
no other extras
not near water
not near subsidence area
basic content insurance(£50k)
still premium coming up near £900
Is it a thatched house surrounded by scroteworld? :-)high excess
no accidental damage
no other extras
not near water
not near subsidence area
basic content insurance(£50k)
still premium coming up near £900
Some houses have high rebuild costs due to complications with neighbours etc.
Some rebuild costs get wildly out due to indexation.
Anything non-standard, where you actually have to make an underwriter think about the individual case can get silly.
A mate had a house with x% flat roof which meant a lot of insurers wouldn't bid and others bumped the premium.
Some insurers just charge a lot.
Then there's you. Your history, your occupation, god knows what else goes in the mix.
It could be useful to get some quotes for a fictional person buying your house or one down the road.
Or if you can find a real live broker, ask what is dictating your premium.
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