Thread: Renewing insurance

Yes you have to be careful with renewal.

One big insurer i used to be with that advertises how much money they save people just discontinued the accidental damage component of our house insurance.

We had a gust of wind grab the back dual glass doors (that had been left ajar) and damage them.

When we went to see if it was worth lodging a claim the insurer just said "we took accidental damage out of your policy in your renewal".

Ended up fixing myself after some research but i would have thought they would have an obligation to specifically inform you of such a big change.

It's a good idea to ring around before renewing any insurance.
They get you in with a low price the first year and then automatically jack it up in following years, figuring most people just pay it.
It's surprising how much can be saved by ringing to protest the rise and ask if they can do better.
Doing a few online quotes yourself first and then quoting them back to other companies can be rewarding.
That said, we currently have several policies combined for a single monthly payment with one company, which simplifies the management.