Today went into my insurance broker which I have used for almost 20yrs. Needed more than a double brandy on my way out.
Never had a claim and yet my total home premium has gone from 1036tl to 2745tl.
Plus Government Dask at 255tl from 214tl in line with what I expected.
Any suggestions for a established local agent.
Good morning, Dave.
I had a similar experience last week when my insurance quote was 3196TL, up from 1316TL last year.
HOWEVER, as the value of the house has also risen to cover the recent home price increases, I calculated the cost per thousand and it came to a reasonable 13% increase like-for-like over last year. In fact, I thought the valuation was a bit low so even upped it to a more appropriate level at a cost of 5,533TL.
So, my suggestion is to compare the "cost per thousand" to insure and then multiply it to the revised valuation...there's no way I'd be able to come close to replacing my house for the insurance cost that was originally quoted, so I bit the bullet. Don't under-insure your home!
Dale