Farm Insurance

Sid · Nov 19, 2020

Nigel Wellings said:
Main Farm Insurers are NFU, Axa, NIG Farmweb, Zurich, Cornish Mutual,Amlin,Aviva,IFARM plus one or 2 others. They all have good and bad points.
The most important point is that the person arranging your Insurance fully understands your business and farm Insurance. If the cover is arranged correctly in the first place it should pay out when there is a claim BUT the Broker/Agent arranging that Insurance needs to stand up and be counted when that claim comes along- it should not be passed to a call centre. As Brokers we take your money so we should have an obligation to sort the claim out- too many take the attitude, thats not my job.
@flyonthewall makes good comment about policy terms and condition. I believe that is our job as Brokers to fully explain the relevant ones to you. You will lose the will to live if you try and read them all!
On a daily basis we see N** knocking 10-50% off premiums to match quotes we have done. Very annoying but I have seen them do it for last 25 years since I quit working for them. It is never good for 1 company to have 65-70% of a market.

I have a friend who works in one of the above named companies and they say they struggle to beat the NFU in the majority of quotes. It does always vary between Agents as well.

Clive · Nov 19, 2020

Sid said:
That's only your experience, premiums are based on various factors, maybe your were a difficult customer? Perhaps the saw you as a high risk of a claim?
In my case they were better than the 2 other quotes. By a significant difference! NFU came in cheaper than previous year and the two other were higher that what I had been paying the previous year. This could have been due to our claim history being very small therefore reducing risk.

Just because something isn't suitable for you doesn't mean other shouldn't give them a try. Insurance is a risk based.

yes just my experience but that change has saved me well over £125,000 in the 5 years since...... the cost of a flash new EV ! on just one supplier change decision.......... imagine your broker turning up with a new Porsche as a loyalty bonus every 5 years !

our claim record is pretty low really, nothing extraordinary given the amount of stuff we have covered

They tried hard to get us to stay , reducing premium significantly once they knew we had alternative quote ........ they were trying it on and had got away with the loyalty of my grand father and father for decades beforehand ....... that does leave a bitter taste i admit !

Sid · Nov 19, 2020

Clive said:
yes just my experience but that change has saved me well over £125,000 in the 5 years since...... the cost of a flash new EV ! on just one supplier change decision

our claim record is pretty low really, nothing extraordinary given the amount of stuff we have covered

They tried hard to get us to stay , reducing premium significantly once they knew we had alternative quote ........ they were trying it on and had got away with the loyalty of my grand father and father for decades beforehand ....... that does leave a bitter taste i admit !

Isn't that what business is about? Getting someone to pay as much as possible for a product?
Insurance is just a product.
Of course within that comes convenience and ease of claiming.
We all know how stressful an insurance claim can be.

Interesting Compare the Market, supposedly there to save the consumer money, has been fined £18 million for fixing contracts so customers couldn't get a better deal anywhere else !

Now that is ripping the customer off 100%!

Clive · Nov 19, 2020

Sid said:
Isn't that what business is about? Getting someone to pay as much as possible for a product?
Insurance is just a product.
Of course within that comes convenience and ease of claiming.
We all know how stressful an insurance claim can be.

Interesting Compare the Market, supposedly there to save the consumer money, has been fined £18 million for fixing contracts so customers couldn't get a better deal anywhere else !

Now that is ripping the customer off 100%!

i don’t disagree- that is business yes, very profitable business if you can get away with it !

........ so I took mine elsewhere

Sid · Nov 19, 2020

Clive said:
i don’t disagree- that is business yes, very profitable business if you can get away with it !

........ so I took mine elsewhere

Too right, you over paying probably saved me and others £1000's over the previous 5 years !

Of course your new suppliers maybe subsiding you to get your business as a "big "name for marketing purposes.....short term. Time will tell.

Clive · Nov 19, 2020

Sid said:
Too right, you over paying probably saved me and others £1000's over the previous 5 years !

Of course your new suppliers maybe subsiding you to get your business as a "big "name for marketing purposes.....short term. Time will tell.

my new supplier was F&M for 3 years who I was very happy with, i don’t think they used me in any publicity? - when Acres quoted less last yesrs we moved again, they also haven’t used me in any publicty or have any permission to do so

i’m not planning on switching every year, it’s not good for quotes i’m told, but shopping about every 3 years or so does seem a good idea from experience now

An Gof · Nov 23, 2020

Clive said:
my new supplier was F&M for 3 years who I was very happy with, i don’t think they used me in any publicity? - when Acres quoted less last yesrs we moved again, they also haven’t used me in any publicty or have any permission to do so

i’m not planning on switching every year, it’s not good for quotes i’m told, but shopping about every 3 years or so does seem a good idea from experience now

Note to Acres. @Clive isn’t going to move this year so get in there son and make hay whilst the sun shines

Clive · Nov 23, 2020

An Gof said:
Note to Acres. @Clive isn’t going to move this year so get in there son and make hay whilst the sun shines

@Nigel Wellings knows this ! I have our renewal quote at the moment

Nigel Wellings · Nov 24, 2020

Sorry to disappoint no special deals for Clive!
We will always try and be as competitive as possible for ALL TFF members

aangus · Nov 24, 2020

Nigel Wellings said:
Sorry to disappoint no special deals for Clive!
We will always try and be as competitive as possible for ALL TFF members

My renewal is due the end of jan, have you got a contact number

Nigel Wellings · Nov 24, 2020

01536 607070/ 07850 611576

Farm Insurance

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Clive

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Clive

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Clive

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Nigel Wellings

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Nigel Wellings

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