NFU

ktj1891

ktj1891

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Has anyone else's insurance almost doubled with them? Due to previous claim experience they have raised my premium from £36 to £55 and my excess from £145 to £300! I am pretty pissed off. He is only insured for £500 as well!


Would you change insurers? If so does anyone have good recommendations. I have heard Petplan raise the premium every year. I have my pony insured with them and last year it was £11 and this year it's £13 so seems to ring true!

Any experience or advice?
 
Have you tried KBIS? They aren't expensive but not cheap either, decent cover and helpful people though. I have just got a quote through rural insurance for a new horse as KBIS seemed a bit too expensive, and it was much more reasonable and decent cover.
 
I think you can expect a rise in premiums every year from any insurance company - just to keep in step with inflation. I am with Petplan and I am very pleased with them. I took a voluntary £500 excess as I uinsure 3 of mine and it gets expensive.I used to insure with NFU and they were briliant, but are more expensive in my opinion.
 
Mine has never gone up before and definitely not that much! I have taken 3 claims out 2 of which were no where near £1000. My current one is around £2500. Will have a look around. I think £55 a month for a horse only insured for £500 and includes 3rd party and vets fees is a lot! Can you imagine what a £3500 would cost or even £2500.
 
ktj1891 said:
Mine has never gone up before and definitely not that much! I have taken 3 claims out 2 of which were no where near £1000. My current one is around £2500. Will have a look around. I think £55 a month for a horse only insured for £500 and includes 3rd party and vets fees is a lot! Can you imagine what a £3500 would cost or even £2500.
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The value you put on the horse is not that relevant when they are assessing the risk, they are currently paying for vets bills that are far more than the horse is worth, if he was a car that would be considered a write off, they would pay you the £500 and let you decide whether to repair or not.
My horse is insured with NFU for £4000 and his premium is similar to yours, just over £50 per month although with a £5k claim is more than likely to rise this time.
 
Mine went up over 50% a couple of years ago and hadn't claimed for a few years. It was after that awful winter with the bad snow and my agent said that premiums had gone up to try and recoup the millions paid out.

I swapped to SEIB who were less then the original premium with NFU. I had a claim for just over £1000 just after changing and my premium hasn't gone up.
 
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