- House insurance weirdness..
- Ho humMember
Insurers like higher excesses because it stops lots of many small claims.
The cost to the insurer of a small claim will be the repair or replacement of an item plus some sort of claims handling charge.
In this instance the cost of the above is more than £100 and hence they can offer you a smaller final premium.Posted 4 years agonotmyrealnameSubscriber
Got my renewal through from M&S. Phoned them up for a spot of haggling.
It turns out that if I increase my voluntary excess by £100 it reduces the premium by more than £100.
That’s interesting, I’ve just been on to them about my renewal and the price has gone up this year due to the new bike value rules.Posted 4 years ago
I’ll have to see what the difference is if I increase the excess.
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