Building insurance

I always get a shock when the renewal arrives for the house insurance.   I know that the cost of any building work has risen in recent years, and I suppose there’s an element of cross-subsidisation for those affected by natural disasters, but, well, it just seems a lot of money. The renewal notice says it’s increased 9.2% from last year.

I obtained a few other on-line quotes and found that there was in fact quite a range of prices.    The renewal price was at the lower end of the range, but was more than the lowest.  As against that, the lowest was from a company that advertises as being “budget”.  I looked for reviews on the  internet, but they weren’t very helpful.  It seems that the only people who post reviews of products such as insurance are those who have a grudge to air (compared with accommodation reviews where there’s almost always a good range of opinions on sites such as TripAdvisor).   Just the same, the company with the lowest quote seemed to get even more negative reviews that the others.

In the end, I decided to renew and stay with the same company.  Hopefully, if we do make a claim, then “loyalty” might count for something, although perhaps this is just wishful thinking!