4 or so slates came off my roof in the gales and about 9 slates have been dislodged on the gable end of the roof. I have been quoted a fair sum from a roofer to do the work. I'm assuming my insurance quote will go up next year, if so by how much approx? The roofer will be charging £450 and my excess is £100. I pay approx £200 a year for my buildings insurance. Please advise if you know.
2007-01-27 10:35:59 · 5 answers · asked by Anonymous in Home & Garden ➔ Do It Yourself (DIY)
Your premium should not go up specifically just because you make the occasional claim. After all, that is what insurance is for.
Also, the incident was totally beyond your control, so it would be unfair to penalise you. What could you have done to have prevented the damage? Nothing.
However, if your bicycle kept getting stolen, or if you had a habit of claiming for your damaged tv, vcr, dvd, camera, mobile, watch, ipod, etc, then your insurance may take a dim view, and try to dissuade you from making future claims for these incidents.
There are three ways they can do this. Firstly they can remove that particular section of your cover, ie. refuse to insure your bicycle, or remove the accidental damage cover.
Secondly, they can increase your premium, but this doesn't really work because the customer then starts claiming for absolutely every minor incident that occurs.
The third and best method is to increase the excess. That way the customer doesn't feel bitter towards the company for increasing their premium, and the customer is only penalised if they have any further claims.
Anyway, it shouldn't affect you in this example.
2007-01-27 10:48:34 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It probably wont go up at all ( other than inflation etc).... Recently I had a claim for a TV which I didn't even realise was covered until the engineer mentioned it & I asked my insurance company how a claim might affect my renewal premium, thinkig that I might not bother claiming in case one outweighed the other, but they said that buildings/contents insurance is not done the same way as motor insurance whereby any claims affect your bonus etc. If you are a genuine person, which I'm sure you are, and dont put in claims regularly which becomes a bit obvious then go ahead and make a claim...... after all whats the point of having insurance if you dont use it for the purpose that you bought it ...... to protect your property?
2007-01-28 08:08:34 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I guess it depends on your insurance company. I had house insurance for about 10 years before I had my first claim. A transformer on a pole kept shorting out and the electric company kept fixing it. One day my computer caught fire, my microwave and my furnace shorted out. The total claim was fifteen hundred dollars. The electric company admitted it was their fault but the insurance company felt it wasn't worth going after them for such a small amount. Instead what they did was raised my premiums from 600 a year to 1500 a year. They said that "it could happen again" And that after I am in the high risk group for 2 years without a claim they'll come back down. Yeah right who comes back down after going up. I found another company to insure me for the 600 dollars a year. My friend who has Liberty Mutual had a house fire maybe 10,000 worth of damage. Her premiums did not go up. You can ask your insurance company and they will have to give you an honest answer. Hope this helps
2007-01-28 06:31:57 · answer #3 · answered by memckct 1 · 0⤊ 0⤋
just claim, you are already paying £200 a year so even if it doubled your insurance (which it won't by the way) you would still be left with more money than if you paid the roofer to do the work.
2007-01-29 10:26:13 · answer #4 · answered by nick w 2 · 0⤊ 0⤋
don't know, but i have protected no claims on my insurance with lloyds tsb.
2007-01-27 18:48:06 · answer #5 · answered by april 3 · 0⤊ 0⤋