Liverpool Victoria has just announced a removal of what are considered unfair admin charges for all its LV= insurance customers.
Moving forwards Liverpool Victoria insurance policyholders will not face charges for cover level amendments, address changes or cancellations that have been out of the policyholders control. The MD of LV= insurance supported the move, saying that customers sometimes have to make small changes and it is unfair to charge them to do this.
He went on to say that providing good quality insurance at a competitive price is what Liverpool Victoria is about. LV= do not want to hit customers with hidden costs, instead wanting to treat their customers fairly.
Learn more about Liverpool Victoria home insurance through Moneygossip.co.uk.
According to Tesco Finance the cost of not changing home insurance companies last year totalled GBP26 million.
The study found that almost two thirds of people remained with their existing insurance providers when it came to renewal time, even though almost half of them saw the cost increase over the previous year. For around 4 million of them the increase was more than the level of inflation, said a Tesco Finance spokesman, even though only a small number of these had increased their cover or made a claim.
The advice that comes out loud and clear from Tesco is that everyone should at least get a couple of alternative quotes at renewal time to make sure they are getting the best home insurance deal available.
Esure are reminding the new students headed for university this year that home insurance cover is something that should not be overlooked.
The typical student will have around GBP1,500 worth of items they take with them when they go to university and without proper home insurance cover this could all be lost. Parents often help out with student insurance cover, though Esure found nearly a quarter of them had not thought about the matter.
Cover can be arranged quite easily for most students, sometimes having their own policy or alternatively using existing home insurance that their parents have. A number of insurers will include separate cover for students accommodation on the main home policy said Esure.
