Because I now have to count every penny and make every penny count, I decided that I would see where I could save some money each month. After stripping everything back to the bare necessities there was really only one place where I might be able to save anything and that is with household contents insurance.
My current policy is very, very expensive with Saga. I bought it when I passed my 50th birthday because they claimed they were cheaper for the over 5o's. Well , not so. When I had to make a small claim some eight years ago, the amount was less than one year's cover, it was an almighty battle and you would have thought that I was asking for a piece of the moon. I don't give up easily and they paid out eventually but as I was working full time I have never really had the time to phone around for different quotes and the problem with doing that is you get bombarded with quotes from every company and it's subsidiaries every year when your renewal is due!
Today, I looked on one of those price comparison sites and I was shocked. Not only am I paying more than double for my cover but how on earth can some of these companies justify what they are demanding for their policies, especially when some of them want the insurer to pay an excess and then require a thumping great deposit as well.
I have been covered for contents insurance for well over thirty years since I got divorced, but have only ever made two very small claims in all of that time and I have estimated that I have paid various companies several thousand pounds.
Money for old rope comes to mind because all the insurance companies do is send out a computerised renewal notice every year to me, a policy number - not a person.
I will definitely be changing companies this year but then I ask myself is it worth buying this cover anyway?
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