- M&S renewal time
My M%S insurance renewal has just arrived, £438.34 for Buildings and contents.Posted 6 years ago
The policy wording has changed re; bikes, “You need to let us know if you have any pedal cycle worth more than £2000. If you do not make us aware of any cycles over this limit they will not be covered.”
I’ve now got a bike over 5k plus several that would cost over 2k to replace.
What are my options?austenSubscriber
That’s what I found too Dibbs, they’re slowly trying to reduce the level of cover, so if your cancel and get a new policy (as I’ve always done too) the bike cover is significantly more expensive.
Guess I’ll keep renewing until it reaches some breaking point and I find another sensibly priced option.Posted 6 years ago
If you wish to renew with M&S, don’t go past the renewal date as they will cancel the policy and only renew under new terms (all bikes listed over £1k). My premium went from £220 to ~£900 p/a due to this….
Really? Mine just automatically renewed. Do you pay by direct debit?Posted 6 years agobobloMember
Mine was Premier and I pay in full upon renewal (non DD), non auto renewal.
The old Premier policy had individual valuable items unlisted (inc bikes) up to £4k.
This was revised this year (for me) to £2k.
I missed the renewal by 1 day so they cancelled the policy and insisted I take out new business under their new conditions, items listed over £1k. This is when the premium went up to £900 which we did not take up…Posted 6 years agojuliarMember
A little late on this one but I’ve just been ringing around today for renewal quotes as my M&S Premier Policy is due to run out.
My renewal quote has gone up £40 from last year – that’s pretty standard, yet I’ve made no claims!! I asked them if I dropped my cover to their Standard Policy if I could save some money. Are you having a laugh – 170% increase to over a £1000 with one bike valued at £2k. I’m actually financially better off with their renewal quote on the Premier Policy.
I can’t find anyone else that comes anywhere close though, otherwise I’d love to leave M&S since they have no loyalty to their customers.Posted 6 years ago
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