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Landlord insurance

Started by Nicpea, November 03, 2017, 04:40:35 PM

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Nicpea

Hi all,

My landlord building insurance is up for renewal and the broker I used last year is pushing for me to continue with my current insurer Allianz even though the quote has gone up by 4%. Now I'm always one for shoppingaorund and have had a look myself Andy found various that seem to be like for like that are coming in significantly cheaper (sometimes £100 cheaper. Are they going to be to good to be true? Or have I just got a lazy broker that can't be bothered to look any further? Are Allianz much better?
Thanks all

Hippogriff

4% is not a large increase. IPT is going up all the time, remember. However, if you can get lower then I would go for it - I do not use a specific Insurer, my properties are on different Insurers based on what the Broker comes back with... you may have a lazy Broker, we don't know... but you can insist he goes to the market on your behalf. Obviously part of having a Broker involved, vs. doing your own research and setting up your own policies, is that the Broker takes away some of the headache, for some commission.

Oftentimes I will do a quick compare with DirectLine at time of renewal quote coming through, and take it from there. I've never ended up actually buying something from DirectLine.

DavidB

I'm about to renew my insurance too and would also appreciate some advice about prices. All the quotes are coming in at £300 or more which seems steep even for a 3 bed house. We only pay about £130 (a;so a 3 bed house) for our own home insurance so why is it so much more?