Check home contents insurance prices before renewal
People with elderly relatives should make sure that they are getting a good deal on their home insurance policies after one woman found out her father was paying over the odds.
The Guardian reported that 83-year-old Maurice Henderson was left feeling confused after finding out that his £648-a-year home contents insurance policy from Royal Sun Alliance (RSA) was not as great a deal as it should have been.
After consulting with his daughter Elaine, Mr Henderson realised he had been paying four-times as much as he should have been for the cover, despite having stayed with RSA since 1951.
A quick internet search revealed that similar home contents insurance could be had for £135 per year from RSA's online subsidiary More Than.
"I happened to be visiting him at the time his renewal came through and he casually asked whether I thought the price was reasonable. When I looked at it I couldn't believe he was paying so much," Ms Henderson told the newspaper.
Mr Henderson added: "In 58 years I only made three claims, and they were for tiny amounts - the last was for around £20, I think - so they've done all right out of me."
Moneysupermarket.com recently warned those looking for cheap home contents insurance deals that they must make sure they are suitable and not just go for the best bargain, according to the Financial Times.
Written by Kevin Shield
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