Yet another insurance thread

[Hurricane]

I tried a different approach this year. I wanted to adjust the value of cover as well. So, I shopped round to compare prices. Using a spreadsheet, I calculated the premium / £1000 of cover.
I then telephoned my broker and "told them what they were going to charge this year" before they send me a reminder. I did say that I had been shopping around though. However, I didn't take the ?iss - just what I thought was a sensible price for the cover that I wanted. They replied with £21 more than my suggested price. So the same pro-rata deal that I had last year but on my terms. That feels like a success.

 

[Greg2]

Hi Greg,
The guy I spoke to was very helpful. He explained the reduction in premium is not necessarily proportional to the amount of the excess. His suggestion was to increase the excess by just £100 which more than halved the year on year increase which I was happy to accept. Like car insurance, I’ve never been able to get my head around the dark art of boat premium calculation.
Hope all is well with you.
Jim

Hi Jim,
Helpful to know and I will bear it in mind when our renewal comes in thanks Jim.
We are all good thanks, hope the same can be said for you.

How do you like the Kent 33? Our neighbour (and friend) has one.
.

 

[Wavey]

Greg - you have a DM.

Jim