Site insurance renewal

[CC45]

Hi,

 

Site insurance due for renewal on 25/10/17.  Last year a 12mth policy cost £590.  This was with Selfbuild Insurance  - Godalming.  Policy actually with Zurich.  What are others paying?  Anyone with a suggestion regarding alternative brokers.  

 

Need to get the renewal done by Wednesdayvreally.

 

Cheers

 

CC

[PeterW]

Have you started building ..?? Unlikely you will get a new supplier with a part build - it’s a bit of a monopoly out there ..!!

 

A few have had good results with Sennocke - they are behind BuildZone. 

[CC45]

Yes, we've been at it for 2 years now. Another year or poss 18 mths to go.

 

Ok, if we need to stick with the existing one then fine.

 

Thanks

[dpmiller]

Local brokers- Kerrs- quoted me through "Selfbuildzone.com" and they are offering  cover by Catlin underwrtten by Ageas. Might be worth a try?

[Jeremy Harris]

I found that I was locked in to one self-build insurer when I tried to renew our original policy.  There seemed to be a bit of a scam going where once one self-build insurer has given you cover, you can't switch to another insurer; as soon as I mentioned the previous insurer I was told to renew with them and that the other companies wouldn't quote.

 

It was either a stitch up, to keep you paying a high premium, or it was because all the companies I approached were using the same underwriter.  After half a dozen goes I gave up, reluctantly paid a small fortune to renew the existing policy and vowed never to do business with Buildstore again.

[ToughButterCup]

This year I have made a successful claim (thanks to @JSHarris , @Barney12 and others) . Given that the modal price for SB insurance seems to be about £600 ish, let's try guessing what my renewal premium will be.....

 

£800? More?

Ian  

[CC45]

Just renewed for £620.  12 mths.  Value at £250,000.