Jon wants to know if it is cheaper to use one insurer for all his needs and if so whether a claim on one policy would affect the premiums on a separate policy.
Maya replies: As there are administration costs for ech policy, you can cut costs by insuring with just one insurer. But it is important to find out from your insurer whether further discounts are given to encourage you to bring all your insurance business to them and whether a claim on your car insurance, for example, would affect your overall insurance rating thereby affecting the insurance on your household contents.
According to Bradley Du Chenne of Dial Direct Insurance, by insuring all your items with Dial Direct you save on your premium. In other words your vehicle premium is discounted if you add home contents cover. Du Chenne says if you were to insure your buildings and all risk cover there is no effect across the types of cover if you were to claim against just the one type. Only the cover against which you claimed would have its no claim bonus affected.
Different insurers will have different strategies so it is worth shopping around.
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