Who is your building insurance with, any suggestions?

15
Posted 24th Dec 2019
We are looking for a building insurance for our new house. Do you have any recommendations and dos and don'ts.

Also is it worth getting content insurance?

how much is yours and what is the excess?

The house is 3 bed with a rebuild estimate of £325,000.
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Definately get building and contents insurance.. shop around and play with the excess to bring prices down
Definitely get contents insurance and I would go for accidental damage cover too. Don’t place the excess too high otherwise there will be no way you will want to claim for anything. As said, shop around, use a comparison site to check the prices but don’t just plump for the cheapest, do some research and check how good their customer service is as that’s key when it comes to insurers, you don’t want to find that their service is rubbish in the event that you need it.
If you use confused.com, put all your details in until it gives you a list of quotes.

Then click on "more info" and it shows you the defaqto rating (stars out of five) for how comprehensive the policy is
It's worth having a look round any local boiler / gas specialists. Some places do a decent price boiler cover. Or even sometimes they do a thing where it's cheaper to buy a new boiler and cover with them on pay monthly.
awjh24/12/2019 11:50

If you use confused.com, put all your details in until it gives you a list …If you use confused.com, put all your details in until it gives you a list of quotes.Then click on "more info" and it shows you the defaqto rating (stars out of five) for how comprehensive the policy is


Thanks will do this.
MonkeysUncle24/12/2019 11:59

It's worth having a look round any local boiler / gas specialists. Some …It's worth having a look round any local boiler / gas specialists. Some places do a decent price boiler cover. Or even sometimes they do a thing where it's cheaper to buy a new boiler and cover with them on pay monthly.


Will do
Diggsy24/12/2019 11:36

Definitely get contents insurance and I would go for accidental damage …Definitely get contents insurance and I would go for accidental damage cover too. Don’t place the excess too high otherwise there will be no way you will want to claim for anything. As said, shop around, use a comparison site to check the prices but don’t just plump for the cheapest, do some research and check how good their customer service is as that’s key when it comes to insurers, you don’t want to find that their service is rubbish in the event that you need it.


Defintely
vcd1man24/12/2019 11:11

Definately get building and contents insurance.. shop around and play with …Definately get building and contents insurance.. shop around and play with the excess to bring prices down


Thanks
Worth going through a cashback site such as Quidco or Topcashback too.
jimbob128624/12/2019 15:30

Worth going through a cashback site such as Quidco or Topcashback too.


Will do
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deleted1965997
Check to see if one of your other insurers does multi cover
worth checking the comparison sites like 'compare the market' and get the cheapest quote as most insurers are the same when it comes to building insurance.

we have never had contents insurance but a lot of people prefer to have this in case something goes wrong and they don't have the money to replace the stuff. we can replace all the stuff in the house ourselves if the whole house burn down (touch wood) so for us it is not worth insuring the contents as we are always getting new stuff anyway.
Yes contents is essential as it will cover appliances etc- which is not usually covered by buildings inurance these items soon adds up and adding contents is not usually much. I got flooded and my 1 bed flat needed new cooker, washer, boiler etc and along with clothes, tv, PC, hifi etc I claimed over £25,000 just for contents and even then I think I missed some items. Do not underestimate what everything you own costs if you lose it in a fire or flood. When it happens it can be devastating and not having money to replace essential items is something I can't imagine.

My wife is the main account holder on our insurance and this brought the price down as she's a bit older and female which made a difference.

Personally I don't bother with accidental as I'm handy with fixing things and would rather save money than pay for accidents that are probably unlikely and they'll only increase the insurance premium next year if you bother to claim for spilling paint on a carpet etc.
I increase my excess to about £400 and that brings down the price quite a bit as I won't be bothering to claim for small silly claims which insurance companies want to avoid paying for.

I pay for the optional legal cover which could be useful, you might have that on another insurance though, I don't bother with most of the other add ons like extra bike insurance, valuables away from home etc....
Edited by: "spannerzone" 24th Dec 2019
AXA is pretty good, they usually have online discounts and offers through TopCashBack. As others have mentioned, get accidental damage cover and see if you can get one that covers plumbing/drainage issues.

Couple of years ago, my main waste drain started overflowing, was with Churchill at the time, they sent the engineers out who needed to dig upto 8ft away from my main wall of house and 3ft deep to find a small brick blocking the main waste pipe underground. Underground pipe replaced, new drain fitted...was very lucky i had insurance.
How much is an average cost of contents cover?
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