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Best Insurance price for my apartment

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gio41uk



Joined: 19/08/2008
Posts: 45

Message Posted:
05/06/2009 12:49

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Message 1 of 5 in Discussion

hi

im looking to renew my insurance on my apartment, a 3 bedroom flat in upper kyrenia.



Can anyone tell me if this is the average for my flat



60.000 stg For a Rebuld of the place

8.000 stg for contents



And the cover: fire, theft, indoor plumbing, landslides, and smoke damage.

85 stg yearly cost.



does this sound the average and if u dont claim is it suppose to go down or does that not happen here.



cheers

gio



Pogle


Joined: 28/08/2008
Posts: 1536

Message Posted:
05/06/2009 13:02

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Message 2 of 5 in Discussion

Sounds reasonable IF Earthquake is covered.



We pay approx 90 for a 3 bed, 35k/5k with earthquake cover and they do pay out.



I would make sure you are not over insuring for the re-build cost, as the insurers would only pay out on the Per square meter cost whatever you had insured it for. The re-build cost was 450 per square meter, not sure what it is now. Ideally, your neighbours should have insurance, as in the event of a total loss that cannot re-build only X apartment.



negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
05/06/2009 14:18

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Message 3 of 5 in Discussion

doesn't sound like much cover for 85 quid - do what most folk do - don't bother !



gio41uk



Joined: 19/08/2008
Posts: 45

Message Posted:
06/06/2009 11:50

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Message 4 of 5 in Discussion

dont think it does cover earthquake. 60,000 was what it cost to buy it so i think im wrong there then.Its an apartment block with 5 (2-2-1) the average building. god knows what my neighbours have i dont see them.



negativenick thats a wee bit negative (no insurance)lol.



negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
06/06/2009 12:02

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Message 5 of 5 in Discussion

the insurance policies here have more holes in them than swiss cheese.....



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