))
Ep27 - Insurance
Manage episode 353072982 series 3426902
Content provided by Lindsay Cook & Glen Thompsett, Lindsay Cook, and Glen Thompsett. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Lindsay Cook & Glen Thompsett, Lindsay Cook, and Glen Thompsett or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Regulations were introduced last year that were supposed to cut the cost of motor and homes insurance by £4 billion over the next 10 years. But customers are being asked for increases of 80% and even the industry estimates we will all be paying an extra 30% on homes insurance this year and 15% more on motor premiums.
And unlike other years when we have been able to telephone our insurance company and negotiate a reduction, this year some companies are stating in their renewal letters the price and it is not negotiable.
So all customers have to start early when it comes to finding out where the best deals are and also to make sure they are not paying for features they do not need.
Remember the earlier you ask for a quote the cheaper it will be. The closer to the renewal date the premium will increase because the insurance companies know you are running out of time. We are frightened of missing the renewal date and being illegal when we drive or having no insurance when we claim.
Loyal customers used to be overcharged now it may seem that all insurance customers are at risk of paying too much. It is up to all of us to make sure we do not.
"From Passion to Purpose" is a podcast that explores the world of nonprofit...
Listen on: Apple Podcasts Spotify
Please send ideas questions, tips and warnings about rip-offs to Mrs Mean through the contact page on her website: mrsmeanmoneyshow.co.uk or to infomrsmean@gmail.com
74 episodes
Share
