Ensurance for Home Insurance - Anyone Used This Firm?

LPoolprouk on 25/08/2017 - 13:43

Hello all,

I'm just going through the motions of getting new house and contents insurance quotes.

I did a search at compare the market and the cheapest policy was with Ensurance. The quote was around the $600 mark, when compared to $1000 dollars with my current insurer (QBE), the other options compare the market listed were still north of $900.

It seems to good to be true (and in truth it probably is). Main difference between my existing insurer is no accidental damage cover and a higher excess $500 Vs $300.

The premium difference being so big i am considering dropping the accidental damage cover and effectively self insuring against accidental damage with the money that i've saved on the premium. They don't provide accidental damage cover as an option.

Therefore i'm after any feedback on anyone who has experience of this company

TL:DR Are Ensurance a good company to use for home and contents insurance?

Financial

Comments

  • lupiter on 25/08/2017 - 14:09

    Are you sure accidental damage is the only difference? They don't have a different level of cover in the PDS for water damage or storms or something like that?

  • djones145 on 25/08/2017 - 14:35

    Endurance are a underwriting agency/ broker, they are the middle man, the policy is not written by them, they have a penal of insurers which qbe might be one of them
    Get the details and see which company it is with. They usually have good prices cupause they get good commissions but also they try to offer and package other insurance usually, which is why they are cheap.

    • Poolprouk on 25/08/2017 - 23:32

      from the PDS

      WHO WE ARE (THE INSURERS) We, the Insurers of this product are certain underwriters at Lloyd’s, of whose definitive numbers and the proportions underwritten by them, will be supplied on application.

      • djones145 on 26/08/2017 - 08:09

        Aaahh llyod's are from uk, they are similar to a syndicate, a number of companies can buy into it and collectively offer insurance ( usually for large risks). Funny enough qbe are a big player in Lloyds. Am surprised they offer home insurance, usually they do the big corporate risks

  • BertieBrown on 25/08/2017 - 15:21

    This probably sounds obvious (I'm not trying to patronise, this is just how I would do it in my noggin')

    So you're @ $600 (premium) + $500 (excess) for new insurer (no accidental cover)- $1100 total, or, $1000 (premium) + $300 (excess) for old insurer (accidental cover) for $1300 total.

    Let's assume that you will make a claim; otherwise why even bother with insurance? So, you made a (non-accidental) claim, but you're still in front $200.

    Do you think that $200 will cover an accidental breakage?

    It's grim and probably worrying too much but I always assume that I will end up having to claim for something.

  • ItsMeAgro on 25/08/2017 - 15:36

    Have you tried alternatives to compare the market?

    Sometimes these compare sites are actually dodgy and leave out lots of players because they won't pay them enough commission (bribes for being included in the results).

Login or Join to leave a comment
Login Join