charge for increasing the professional indemnity insurance limit

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northernladuk replied

7 June 2011, 12:13
Check QDOS. I believe they can meet the numbers you need cheaper as their standard product
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ramap started a topic charge for increasing the professional indemnity insurance limit

7 June 2011, 11:08
charge for increasing the professional indemnity insurance limit

Hi, I currently have professional indemnity insurance with "Caunce Ohara" and I paid around £455 for a complete package of policies which includes professional indemnity insurance as well for a cover of £100K (this one cost me £208). now I want to increase the professional indemnity insurance limit to £1 million and they are charging me an extra £162 for that. I have a friend who got the same policy for £1 million from other insurance company for just around £150. is this fair to charge so much? as an existing customer, do I now have a choice or just pay whatever charge to increase my limit? my current contract requires the limit to be £1 million. Thanks in advance.
Tags: professional indemenity