written by on 22/05/2011
We took out contents insurance last year and initially had a good impression. We had to make a claim fairly early on (for £550) and it was dealt with professionally if a little slowly.
Our monthly premium was £17.51 and I was happy with that. Unfortunately we have just had our renewal notification through and the monthly premium has jumped to £66.52!! I thought that the point of insurance was to pool risk and I don't see why the fact that we had a claim meant that our insurance would go up by £350.
Having obtained quotes elsewhere with full disclosure of the claim I managed to get the cost down to very slightly more than this year.
Given that the Post Office cover would renew automatically (and you have to pay a rip off admin fee to cancel it after renewal) I don't like attempts to rip me by inertia selling in this way. For that reason I wouldn't recommend the Post Office to anyone.