Horizons Unlimited - The HUBB - UK riders beware auto-renewal Bennetts insurance

Quote:

Originally Posted by markharf (Post 436678)

OP, what's the problem with the auto-renewal clause on your policy? Normally I like my insurance (car, house, health, whatever) to automatically renew because otherwise I've got to fill out a fresh application in advance of it running out every 6 months or year. Much simpler to have it renewed without any attention by me; the company sends me a bill and I pay it.

It's difficult to see any downside. I don't put insurance on any form of automatic payment (i.e. by direct debit to my bank account), so if I don't want it renewed I can easily not pay the premium.

The only exceptions are travel-related policies--medivac insurance, or the bike insurance I purchase when entering some countries. Those never auto-renew.

I've never tried to re-apply as a new customer per #2. I'd expect that claiming to be a new customer would involve lying in print, which might cause me difficulties down the line. However, that's just an assumption.

Mark

In the UK we are usually sent a renewal letter/e-mail and we just phone up/go on-line and pay it without filling in any forms, the downside is that renewals often have a large price increase over the previous year, I have had increases of over 50% with no claims being made and no change of circumstance.
The UK insurance market is very competitive and give the best deals to new customers, this is the same for motorcycle, car and home insurance and to keep these deals you have to shop around every year and change insurer or go back to them and they revise the premium down if you threaten to go elsewhere.
It can be a time consuming pain but saves a lot of money.