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 Post subject: Home and contents insurance
PostPosted: Mon Nov 06, 2017 3:40 pm 
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Old Time Landlord

Joined: Mar 30, 2016
Posts: 350
Hi all

can anyone recommend a good insurer for home and contents, key point for me is around 70k worth of jewellery & watches that i need covered and for most irish insurers it seems a non runner.

In the UK there are some decent policies where you can have items up to a value without valuations etc, anything like that in the irish market?


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 Post subject: Re: Home and contents insurance
PostPosted: Mon Nov 06, 2017 4:12 pm 
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Single Home Owner

Joined: Mar 3, 2009
Posts: 190
sounds like you need a specialist jewellery insurer; what you're describing is not standard "contents"
https://www.thmarch.ie


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 Post subject: Re: Home and contents insurance
PostPosted: Mon Nov 06, 2017 4:22 pm 
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Too Big to Fail

Joined: Sep 13, 2012
Posts: 4752
I don't see how you're going to get away without valuations on individually expensive items.

It's a right PITA because the valuations need to be up to date, and cost money to get.

If I'd known the engagement ring was going to cost me its own price in valuation fees through a lifetime I would have got a hula hoop.

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 Post subject: Re: Home and contents insurance
PostPosted: Mon Nov 06, 2017 4:30 pm 
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Under CAB Investigation

Joined: May 12, 2012
Posts: 1882
Over a ten-year horizon a safe concreted into a floor might be better value.

Most burglars won't have the time or equipment to open one.


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 Post subject: Re: Home and contents insurance
PostPosted: Mon Nov 06, 2017 5:04 pm 
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Old Time Landlord

Joined: Mar 30, 2016
Posts: 350
Skippy 3 wrote:
Over a ten-year horizon a safe concreted into a floor might be better value.

Most burglars won't have the time or equipment to open one.


indeed but that wont cover someone losing one of those items outside the house


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 Post subject: Re: Home and contents insurance
PostPosted: Mon Nov 06, 2017 5:09 pm 
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Old Time Landlord

Joined: Mar 30, 2016
Posts: 350
shweeney wrote:
sounds like you need a specialist jewellery insurer; what you're describing is not standard "contents"
https://www.thmarch.ie


thanks ill give them a try


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 Post subject: Re: Home and contents insurance
PostPosted: Mon Nov 06, 2017 5:42 pm 
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Nationalised

Joined: Oct 29, 2007
Posts: 11535
Location: Multiverse
Eschatologist wrote:
I don't see how you're going to get away without valuations on individually expensive items.

It's a right PITA because the valuations need to be up to date, and cost money to get.

If I'd known the engagement ring was going to cost me its own price in valuation fees through a lifetime I would have got a hula hoop.


:lol: :lol:

I have a house with one of these.
No one ever spots it.

https://www.ebay.ie/itm/Imitation-Double-Plug-Socket-Wall-Safe-Security-Secret-Hidden-Stash-Box/222564921398?hash=item33d1e73036:g:-e0AAOSwTf9ZVmXS


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 Post subject: Re: Home and contents insurance
PostPosted: Mon Nov 06, 2017 5:56 pm 
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Old Time Landlord

Joined: Mar 30, 2016
Posts: 350
mr_anderson wrote:
Eschatologist wrote:
I don't see how you're going to get away without valuations on individually expensive items.

It's a right PITA because the valuations need to be up to date, and cost money to get.

If I'd known the engagement ring was going to cost me its own price in valuation fees through a lifetime I would have got a hula hoop.


:lol: :lol:

I have a house with one of these.
No one ever spots it.

https://www.ebay.ie/itm/Imitation-Double-Plug-Socket-Wall-Safe-Security-Secret-Hidden-Stash-Box/222564921398?hash=item33d1e73036:g:-e0AAOSwTf9ZVmXS


that is very cool!


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 Post subject: Re: Home and contents insurance
PostPosted: Tue Nov 07, 2017 9:38 am 
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Under CAB Investigation

Joined: May 12, 2012
Posts: 1882
cyrusir wrote:
Skippy 3 wrote:
Over a ten-year horizon a safe concreted into a floor might be better value.

Most burglars won't have the time or equipment to open one.


indeed but that wont cover someone losing one of those items outside the house


But wouldn't the excess or conditions make it prohibitive?

Who would insure someone for their Rolex accidentally falling off their wrist while walking down the street?

Obvious incentives are obvious.


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 Post subject: Re: Home and contents insurance
PostPosted: Tue Nov 07, 2017 10:42 am 
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Neo Landlord

Joined: Dec 5, 2012
Posts: 209
I was told by someone in the industry you are far better off putting the money into security- safe etc rather than individually insuring stuff. Once insured the details are "out there" and have known people to be hit relatively soon afterwards.


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 Post subject: Re: Home and contents insurance
PostPosted: Tue Nov 07, 2017 10:48 am 
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Under CAB Investigation

Joined: May 12, 2012
Posts: 1882
Moss wrote:
I was told by someone in the industry you are far better off putting the money into security- safe etc rather than individually insuring stuff. Once insured the details are "out there" and have known people to be hit relatively soon afterwards.


That assumes you trust the person who installs your safe.

Or that the burglar who doesn't try to open it doesn't come back again with the tools to do so.


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 Post subject: Re: Home and contents insurance
PostPosted: Tue Nov 07, 2017 5:47 pm 
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Property Magnate

Joined: Apr 8, 2008
Posts: 746
FYI, our house was burgled recently. Thankfully, they missed my watch (more by luck than judgement.) They were looking for cash, jewellery, and prescription drugs only. Ignored iPads, X-Box etc.
When they called, the Guards advised that any valuables should optimally be kept offsite, but in the attic if kept at home. Also, as burglars are generally creatures of habit, they tend to leave kids' rooms alone. So, if you can trust that Patek Phillipe in your son's sock drawer (after all, he is getting it eventually anyhow!), that might be an option...


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 Post subject: Re: Home and contents insurance
PostPosted: Tue Nov 07, 2017 5:49 pm 
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Nationalised

Joined: Sep 29, 2010
Posts: 8329
Location: London, innit
BTW have you considered Merrion Vaults? Anyone used them?


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 Post subject: Re: Home and contents insurance
PostPosted: Tue Nov 07, 2017 6:04 pm 
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Old Time Landlord

Joined: Mar 30, 2016
Posts: 350
slasher wrote:
BTW have you considered Merrion Vaults? Anyone used them?


i looked into that, but going there every week to change what watch im wearing is a bit of a faff

also you pay extra for insurance :x


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 Post subject: Re: Home and contents insurance
PostPosted: Tue Nov 07, 2017 6:09 pm 
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Nationalised
User avatar

Joined: Apr 1, 2010
Posts: 9773
cyrusir wrote:
i looked into that, but going there every week to change what watch im wearing is a bit of a faff

The phrase "first world problems" doesn't seem to do this one justice. :D

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