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Ep - 67 Do not let your insurance company make extra money from you
Manage episode 396312989 series 3426902
Lindsay Cook & Glen Thompsett, Lindsay Cook, and Glen Thompsett에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Lindsay Cook & Glen Thompsett, Lindsay Cook, and Glen Thompsett 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Insurance companies are competting to charge us more. The average homes' insurance policy already cost 36% more this year than last, before storms Babet, Ciaran and Debi damaged thousands of homes causing half a billion pounds worth of damage. And then came the even more powerful Henk.
While the insurance companies will find reasons to increase our premiums we all need to make sure we do enough research to stop us being massively overcharged.
For two years the companies have been under instructions from the Financial Conduct Authority to treat existing customers fairly, and not to charge them more than new customers.
There is lots of evidence that they are not managing to do so yet. This means that when your policy is due for renewal you need to make sure you are not overcharged. Start your research early and never allow the company to auto renew.
Just as important: do not accept their "easy terms." Making monthly instalments can add 40% to the cost of the policy.
Do not leave renewal to the last days of your existing policy. The earlier you commit the cheaper the policy is likely to be. Twenty-three days before the policy expires is the sweet spot.
Mrs Mean wants you to be in control of the process and to pay less.
"From Passion to Purpose" is a podcast that explores the world of nonprofit...
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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
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