House insurance

Posted: Mon Oct 8, 2018 7:20pm

4 replies104 views3 members subscribed

Mary1961

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Location: Villamartin

Joined: 2 Jan 2017

Just had our house renewal come through and the increase is very high, this is only our second year.

Currently with Iberia, anybody recommend any decent alternative providers.

Thanks

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Posted: Mon Oct 8, 2018 8:13pm

killjoy

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Location: Orihuela Costa

Joined: 4 Nov 2017

Posted: Mon Oct 8, 2018 8:13pm

That's the usual procedure almost all insurance companies apply. You should contact an independent broker (Correduria de Seguros) and get a deal.

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Posted: Mon Oct 8, 2018 9:30pm

Mary1961

Original Poster

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Location: Villamartin

Joined: 2 Jan 2017

Posted: Mon Oct 8, 2018 9:30pm

killjoy wrote on Mon Oct 8, 2018 8:13pm:
That's the usual procedure almost all insurance companies apply. You should contact an independent broker (Correduria de Seguros) and get a deal.

Only received it today and it is for renewal 6-11 how can I give a months notice?

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Posted: Tue Oct 9, 2018 10:46am

Gran Alacant Insurances

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Location: Gran Alacant

Joined: 19 Jul 2016

Posted: Tue Oct 9, 2018 10:46am

Hi Mary1961, certainly most companies apply the automatic updating of the insured amounts at each renewal, both for the building and contents in order to keep them updated and guarantee the 'new for old' coverage.

For this reason, premiums use to rise every year. On the other hand there are companies that also review the premiums according to the claim rate or policy usage.

Cancellations can be made by registered letter (carta certificada by adding copy of the passport) or bureaufax (at any post office) at least ONE month before expiration, otherwise the company may not accept it.

It might be worth to ask your Agent or Broker if it is possible to accept the cancellation despite being a few days out of time, since through these there might be some tolerance for these cases.

Regards, Alfonso

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