Our premiums are influenced by claims data, for example the number and types of claims we experience, and a range of factors, such as your location, the materials used to build your home or the type of car you own, and more. As claims data changes over time, along with other pricing factors such as reinsurance costs and changes to the cost of running our business, premiums may adjust over time to account for these factors. This means that each year your premium can change, even if your personal circumstances haven’t.
Rest assured, you’ll receive your renewal documents around four weeks before your policy renewal date to allow you time to read your renewal schedule and confirm you’re happy with your renewal offer. If you’d like to discuss your renewal further or want to make changes to your cover, please get in touch and our team will be happy to help.