PL Insurance

[the pict]

I am currently with NICEIC/Groupma @ £76 P/A for £2m however I need to up this to £10m @ £547 P/A yeah thats what I thought any one got this level at a sensible price
Pict

 

[Marvo]

There may be other things that warrant the price being higher such as maybe the excess per claim is lower or maybe the events covered by the policy is greater.

 

[polo1]

Yea, it's dangerous to simply compare insurance policies on price only. Sadly, you really need to read the small print to see what's actually covered and what's not. You don't want to find that out when you make a claim!

That said, I've never really understood why there can be such massive cost differences between companies offering similar cover.

 

[Marvo]

This is why a good insurance broker is well worth his commissions, policy documents and their fine print and exclusions are a nightmare that makes it difficult to compare policies. Brokers are also very handy as well if it comes to making a claim. When I say broker I'm talking about a professional person who hands-on rather than one of those 0800 companies that claims they'll find you the best price.