post office home insurance

Just taken a home insurance policy out with the post office and they guarantee to beat your renewal by at least £50.

Just take out a like for like policy. Pay whatever it is and then when you get your documents through there's an envelope to send in your renewal documents in.

I took out a policy with them for £80.20. My renewal was £95.33.

Just got a letter saying they will be paying me back £53.10

So I got a years home insurance for £27.10

7 Comments

cant scrimp on home insurance..you read the small print?

I disagree . Home Insurance is something that you may not need all the bells and whistles . Great to have cover for accidental damage (for a year ! ) then after you have claimed for a spill or an accidently damaged ornament (for instance ) - see what the renewal premium is oO , and of course having made a claim you can't get a quote off comparison sites . OK, insure for the major damage (even the most basic policy covers this) but consider "self insuring " for smaller risks . It may not even be viable to claim for sub £500 items after you factor in your excess and the increase in premiums for 5-8 years in the future . Worth considering IMHO .
Edited by: "rogparki" 17th Feb

Original Poster

ashmac

cant scrimp on home insurance..you read the small print?



Nope. I got the idea to get quoted from research on the money saving expert website. He's pretty clued up.

Banned

lucky you op, that's all I can say.
most of us won't be eligible.

Some people use home insurance like a catalogue they claim on stupid things and then pay the premiums over the next 4-5 years. Ruins it for the rest of us who would only claim in major instances

Original Poster

sofiasar

lucky you op, that's all I can say. most of us won't be eligible.



I'm relatively new to home insurance. It's only my second year. Does it get ridiculous if you ever claim?

joxeruk2000

I'm relatively new to home insurance. It's only my second year. Does it … I'm relatively new to home insurance. It's only my second year. Does it get ridiculous if you ever claim?



​short answer is 'it depends'. its not quite the same as car insurance where 1 claim means extortionate premium increases, but it will definately increase. i think i remember reading 1 claim typically adds 20-30% onto your premium
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