A good broker can help out with house policy renewal
MOST people who make a claim should not have a problem when they come to renew their home insurance policy, according to director of financial information at the National Consumer Agency (NCA) Karen O'Leary.
Insurance companies are more likely to refuse to quote if a recent claim is for more than €10,000, if there was more than one claim in the last three years, and if there were two or more claims for more than €5,000 in the last five years.
But for those who do have difficulty shopping around for a range of quotes, using a broker could be a good option, she said.
"A broker can help. They will know who accepts risk and to what extend risk will be accepted," she added.
A broker will know what to say to the insurer to give the consumer a better chance of being given a quote.
Make sure the broker has letters of appointment from at least half a dozen insurers, otherwise you will not be offered a decent selection of quotes from insurance firms.
Anyone having difficulty getting home insurance should make sure they enhance the security on their property. This may mean installing an alarm or changing locks on doors.
But make sure to put the alarm on when the house is unoccupied. There is an increasing trend for insurers to refuse to pay out on claims if an alarm was not turned on when the house was empty.
Ms O'Leary emphasised that it is easier to change home insurance than car insurance. You do not need to have an insurance disc for home cover and can be covered as soon as a deal is agreed on the phone, she pointed out.