Would you ever have house & content with different insurers?

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youngs

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#831747 6-Jun-2013 17:42

Bung:
youngs: Was with AMI. Just moved to Tower who were still offering full replacement for the house. Contents and car insurance also moved to get better discount.

Yet Tower have the same spiel re sum insured as the others

"You’ll need to provide us with your sum insured value when you start a house insurance policy with us and / or at your policy renewal, or at least get yourself comfortable with the default sum insured value that you are provided on renewal, to ensure it’s sufficient for your house.If you’re unsure what your sum insured value should be, we suggest using the calculator as a guide or getting in touch with a valuation professional."

Was quoted and accepted before the end of May.

Have just seen Towers web site and it is sum insured now.

youngs

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#831752 6-Jun-2013 17:47

I'm just hoping that if I need to claim from my new insurance company then they would consider it. From past insurer experience was don't bother completing the claim. Have been with the old insurer for 15 years.

pctek

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#833067 9-Jun-2013 15:58

The only reason you might want to have both with the one insurer is the discount they give when you have all of it with them.

No reason you can't split it.

me - I like the service, never mind presents on sign up and costs (to a point).
When you claim, that's when it separates the good from bad.

All insurers have a clause about gradual damage. For instance if you hot water cylinder was leaking - particle board floors or such, you leave it, the floor is wrecked, well basically tough luck, It was gradual and you were aware of it.

Let's say you had a pipe leaking in the wall, same situation, but you are not aware of it (until it comes through anyway), you are covered because although gradual, it was hidden and therefore you couldn't know.

OK? That's how they work it....
I don't care if Tower does say $5000, husband is a plumber, Tower will not pay out on the HWC situation. They are quite good at small print and resons not to pay.

AMI on the other hand, are much better.

The rest? Varying degrees, depending on the situation.

I have split insurance now.....

Batman

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#833147 9-Jun-2013 17:47

pctek: Let's say you had a pipe leaking in the wall, same situation, but you are not aware of it (until it comes through anyway), you are covered because although gradual, it was hidden and therefore you couldn't know.

are you sure about this? most insurers put a blanket on "if it is gradual ie over time, not suddenly, it is NOT covered" clause

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