I want advice not information

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  • __chris__
    Thanks Steve, I wasn't aware that the 'advised' route was available in General Insurance. As an IFA, all my clients receive regulated advice and I like that business model :-)

    Leave a comment:

  • ashburnham
    If you went on to my company's website now, you would enter all your details and then be presented with a selection of quotes with all the information there for you to make your own decision. Sure the quotes will be in price order, but cover will vary and there is no way that our website (or any other insurance company/broker website) could offer you advice or recommendations. All it can do is give you every ounce of information on every policy available so that you can make your own informed decision. All sales on our website are therefore classed as "non-advised sales".

    As soon as you call up and start asking questions, whether that be right from the very beginning or after you have completed a quote on the website, you are starting to receive advice. The information collected by the professional you are speaking to enables them to provide a recommendation based on your demands and needs. This would then be an "advised sale".

    As far as I know, most firms work this way so I think you just need to call up and speak to a professional insurance advisor rather than visit websites.

    Leave a comment:

  • __chris__
    started a topic I want advice not information

    I want advice not information

    Most insurance companies and brokers seem to say that they "provide information about our products and services so that you can make you own decision".

    I don't want this. I want to be able to explain my situation to a firm and for them to say "Right, based on what you have said, we recommend that you take the ZZZ policy underwritten by XXX company as it's the best fit for your situation and needs." I am happy to pay a fee rather than them earn commission for access to their expertise since I can put that down as a necessary business expense.

    Anyone know if there are firms out there that work that way ??

Latest Activity


  • Rent Guarantee Insurance
    by oi2004as

    I would be interested in your view on the following

    I received a renewal Legal & Rent Guarantee Insurance documents from Rentguard (which initiallyy I purchased through Openrent)

    There is the following condition in their 'statement of fact':
    11-07-2020, 11:59 AM
  • Reply to Rent Guarantee Insurance
    by tatemono
    that's the rent guarantee insurance we use and which has worked for us for many years....
    13-07-2020, 20:58 PM
  • Reply to Rent Guarantee Insurance
    by AndrewDod
    No 7.1 will not likely stand up in court. You cannot have open ended guarantor deeds that apply in this way robustly.

    The fact that you have said that it will apply also to unknown rental increases, for an unknown term, and covers unknown costs means that it is likely invalid
    13-07-2020, 19:39 PM
  • Reply to Rent Guarantee Insurance
    by oi2004as
    To jpkeates
    This is not about zero-risk option. The part which I do not like the most is that I become tenant-dependant for buying insurance.
    They may not reply to my email about their circumstances
    They may not provide correct information
    They may not allow to run re-referencing...
    13-07-2020, 19:14 PM
  • Reply to Rent Guarantee Insurance
    by theartfullodger
    HOW was the guarantee documented please? Enacted as a deed? Guarantor credit checked, given AST & guarantee and advised to take legal advice prior to signing, please?...
    13-07-2020, 19:06 PM
  • Reply to Rent Guarantee Insurance
    by oi2004as
    To AndrewDod
    I have a guarantor on this Tenancy Agreement.
    This is 12-month fixed and then becoming rolling (monthly) contactual agreement.
    The guarantor is a party to the agreement (signed)
    The agreement has the following clauses:
    7.1 In consideration of the Landlord agreeing...
    13-07-2020, 19:00 PM
  • Reply to Rent Guarantee Insurance
    by jpkeates
    I think you're looking for a zero-risk option, but property letting is an investment business with risk baked in.
    I don't blame you! But I think you're going to struggle.

    Like all of us, the rent guarantee insurance sellers didn't see the pandemic coming, and it wasn't covered in...
    13-07-2020, 16:25 PM
  • Reply to Rent Guarantee Insurance
    by AndrewDod
    If a guarantor agreement is valid at all (which is a BIG if) it is not going to be valid past the initial fixed term (no matter what it says) - so as much use as non-stick Sellotape or Jeremy Corbyn....
    13-07-2020, 16:08 PM
  • Reply to Rent Guarantee Insurance
    by Boab
    I doubt anyone in this town has ten years rent. I’m obviously being Uber selective on tenants , but I also wondered about guarantors as well. Does a guarantor have the absolute obligation to cover rent defaults or can they avoid paying as well?...
    13-07-2020, 15:47 PM
  • Reply to Buildings & Contents Insurance - Recommendations
    by ashburnham
    Take a look at the LandlordZONE Insurance Directory for a list of providers.
    13-07-2020, 13:58 PM