In this guide we look at home insurance companies’ investment and climate policies, their more shady political activities, and at their responses to COVID-19.
Buying home insurance
There are two types of company that sell home insurance, underwriters and brokers.
The underwriter is the actual insurance company, that pays out on the claims. While they do often sell directly to the public, many also sell through brokers such as the AA, which take commission.
If you are buying through a broker, you should be able to find out the underwriter from the ‘Key Facts’ document which must be provided when you’re considering buying a policy. Comparison websites will also sometimes tell you.
Most people buy through price comparison websites, and we plan to publish a guide to these soon. They can be used in conjunction with our ethical ratings to help make a sensible choice all round. Be aware that the price comparison sites take substantial commission from the companies.
To complicate matters, underwriters sometimes have their own underwriters, as they may re-insure a specific risk via a different underwriter.
We are only covering underwriters in this guide because there are too many brokers to cover, hundreds in the UK.