Home insurance

[kingandy2nd]

Unfortunately most folk don't realise that insurance companies are some of the biggest rascals on earth and will do almost anything to get even more money out of you. I decided twenty years ago to not buy "home" insurance anymore as I no longer had a mortgage but to make sure I always had £10k in savings "just in case". That £10k has earned a little interest over the years and I have saved £,000s in premiums not paid. You probably think I am mad but in a lifetime not many people suffer really serious damage such as a fire.

Madness

 

[Mottie]

Unfortunately most folk don't realise that insurance companies are some of the biggest rascals on earth and will do almost anything to get even more money out of you. I decided twenty years ago to not buy "home" insurance anymore as I no longer had a mortgage but to make sure I always had £10k in savings "just in case". That £10k has earned a little interest over the years and I have saved £,000s in premiums not paid. You probably think I am mad but in a lifetime not many people suffer really serious damage such as a fire.

For the four quid a week or so that I pay, I can sleep easy knowing that if my house burnt to the ground, collapsed or was burgled and all my valuables were taken, or if I lost a £7k watch or my Mrs lost a diamond ring or we were sued for hundreds of thousands of pounds for say, a cleaner that fell over and suffered a brain injury or if we had to get legal support for a dispute etc etc, I think it’s pretty good value. Your £10K pot wouldn’t make a dent in a few of those instances.

 

[Bod ...]

all my valuables were taken, or if I lost a £7k watch

Your such a big head

 

[Mottie]

Your such a big head

A 7k watch is hardly being a big head - it was my 60th birthday present. Didn’t cost £7k at the time, cost less than £5K, but it will cost over £7K to replace. Costs me about £25 a year to add onto my insurance and it’s covered outside the house in case of loss or theft.

 

[Bod ...]

A 7k watch is hardly being a big head - it was my 60th birthday present. Didn’t cost £7k at the time, cost less than £5K, but it will cost over £7K to replace. Costs me about £25 a year to add onto my insurance and it’s covered outside the house in case of loss or theft.

Your shocking

 

[Brigadier]

Your shocking

Oi! Watch it!

 

[Bod ...]

Oi! Watch it!

You mean Watch ️ 7 grand it.

 

[Mottie]

You mean Watch ️ 7 grand it.

Actually, scrub that £7K. just checked the price again.. Looks like I’ll have to up my insurance! I chose the ‘57 Speedmaster as it was a reissue of the original that was released in 1957 - the year I was born. I got it for my 60th in 2017.

 

[Bod ...]

Actually, scrub that £7K. just checked the price again.. Looks like I’ll have to up my insurance! I chose the ‘57 Speedmaster as it was a reissue of the original that was released in 1957 - the year I was born. I got it for my 60th in 2017.

View attachment 303166

And how much are those pillows?

 

[Mottie]

I have Seamaster Pro too. That will cost double what I paid to replace if I lost or had it stolen. Yep, insurance is worth it in my mind. They’re definately not what some people would call 'luxury' watches. Mid range if anything - same as Rolex Subs. Just that someone is less likely to chop my arm off to take an Omega!

Dunno what the cushions cost - mrs mottie made them.

 

[Bod ...]

I have Seamaster Pro too. That will cost double what I paid to replace if I lost or had it stolen. Yep, insurance is worth it in my mind.

Dunno what the cushions cost - mrs mottie made them.

You need to keep an eye on what she spends.