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News Tag: home insurance

December 10, 2012

Insurers warn householders to keep Christmas gifts secure

by Jan Harris
Insurers warn householders to keep Christmas gifts secure
With UK households expected to spend around £8.5 billion on Christmas presents this year, according to a survey by Tesco Bank, insurers are warning consumers to keep their gifts secure. The Association of British Insurers (ABI) says that insurers received £35m of claims for the 23,000 burglaries which took place in December last year. Shoppers need to be vigilant about security ...




December 7, 2012

Home owners urged to make winter property checks

by Jan Harris
Home owners urged to make winter property checks
With a severe winter forecast, insurers are urging home owners to carry out checks on their properties. Insurer Paymentshield estimates that only 45 per cent of home owners in Central England plan to check that their homes are ready to face the winter weather, while Northern Ireland homeowners are more prepared, with 75 per cent planning to carry put pre-winter ...




November 26, 2012

200,000 homes could be left without flood insurance

by Jan Harris
200,000 homes could be left without flood insurance
With flood warnings in place across the whole of England, the Association Of British Insurers (ABI) has warned that 200,000 homes could soon be left without insurance. The ABI claims that it has reached crisis point in its talks with the government over replacing an agreement which ensure that households in area at high-risk of flooding can secure insurance. The ...




July 12, 2012

Floods could increase home insurance costs for all

by Jan Harris
Floods causing higher home insurance costs for all
The growing risk of flooding in the UK could lead to an increase in the cost of home insurance for everyone, regardless of where they live. Britain has been awash with rain for the last three months and with many parts of the country suffering from repeated flooding, insurance companies are likely to miss their profit targets because of ...




June 15, 2012

Flooding could lead to higher insurance premiums

by Jan Harris
Flooding could lead to higher insurance premiums
Floods currently affecting Wales and south east England could be following by a rise in the price of home insurance premiums, according to analysts. The heavy rainfall could cause some insurance companies to miss their profitability targets, and there is more rain on the way according to the Met Office, with flood warnings in place across the UK. The heavy floods of ...




May 15, 2012

Home insurance may not cover empty properties

by Jan Harris
Home insurance may not cover empty properties
Housing charity Empty Homes has highlighted a clause in many insurance policies which could leave homes uninsured if they are left unoccupied. It is estimated that there are 930,000 empty properties in the UK and while their owners may think they are covered by insurance, this clause could mean that many are actually uninsured The sluggish housing market means that ...




April 18, 2012

Which? highlights unnecessary insurance costs

by Jan Harris
Which? highlights unnecessary insurance costs
According to two separate reports by consumer champion Which?, insurance customers are facing unnecessary costs. Which? has found that 10 out of the 12 largest water companies are promoting pipe insurance from third parties such as Homeserve. This insurance costs consumers more than £100m in total and in many cases it is unnecessary Which? claims. Water companies provide their own repair schemes ...




March 22, 2012

ABI warns homeowners to watch out for subsidence

by Jan Harris
ABI warns homeowners to watch out for subsidence
The UK has suffered the driest 18 months since records and with the south east and east Anglia already officially in a state of drought the Association of British Insurers (ABI) is warning home owners to be aware of the risk of subsidence. Changing water levels in the ground can cause movement in the foundations of a building, leading to ...




December 1, 2011

Insurance costs unaffected by fitting winter tyres

by Jan Harris
Insurance costs unaffected by fitting winter tyres
The Association of British Insurers (ABI) today said that motorist should not be charged extra on their motor insurance for fitting winter tyres. The ABI’s members, which together account for around 90% of the motor insurance market, have confirmed that they will not expect motorists to pay additional premium if they fit winter tyres, provided that the tyres are up ...




March 23, 2010

Rogue builders cause £6.8bn damage

by David Masters
Rogue builders cause £6.8bn damage
Cowboy builders have caused almost £7 billion of damage to UK homes, according to new research published this week. A study by Santander found that nearly one in five (18%) UK households has fallen victim to "Bodger the Builder", at an average cost of £1,592 per botched job. Santander estimates the total cost of sloppy workmanship on UK homes at £6.8 billion. "Anyone can call ...




December 19, 2009

Christmas cheer lost on Direct Line

by David Masters
Christmas cheer lost on Direct Line
Direct Line wants to put a dampener on Christmas by telling people not to leave gifts under the Christmas tree. Peace, good will, and festive fun with the family are anathemas to the insurer, which would prefer we spent our Christmas worried about thieves. According to Direct Line, the age-old tradition of leaving presents under the tree is an open invite to burglars. The ...




December 8, 2009

Post Office increases Christmas home insurance cover

by David Masters
The Post Office has decided to spread a bit of Christmas cheer to its home insurance customers by increasing their level of cover during December. According to the Post Office, the 10% extra cover on contents insurance means people don’t need to worry about the gifts they’re buying for friends and family getting damaged or stolen. "The last thing you want to have to worry about over Christmas is whether you have ...




October 19, 2009

Insurers exploit unemployed with higher premiums

by David Masters
Insurers exploit unemployed with higher premiums
Householders who are made redundant could be hit with a further blow of increased home insurance premiums, new research has found. A study by Confused.com found homeowners could face higher insurance premiums if they are unemployed. The price comparison site said this is because insurance firms factor in the likelihood of customers defaulting on payments when they calculate premiums. Insurance firms also raise premiums ...




September 26, 2009

ABI issues lodger warning

by David Masters
ABI issues lodger warning
Homeowners renting a room to a lodger should inform their home insurance provider, the Association of British Insurers (ABI) said this week. According to the ABI, homeowners who don't inform their insurance provider about taking on a lodger risk invalidating their policy. "If you are applying for insurance and you are taking a lodger, or if you have got a lodger, you should disclose that ...




August 28, 2009

Don’t trust loved ones with your PIN, LV= warns

by David Masters
Don't trust loved ones with your PIN, LV= warns
LV= has warned of the dangers of trusting the people we love the most. The insurer said debit and credit card users risk having their identity stolen every time they share their pin number with their husband, wife, brother, sister, father, or mother. "We would strongly urge all card-users not to tell anyone their pin number," said John O'Roarke, LV= ...




Nationwide offers 24-month home insurance discount

by David Masters
”Nationwide
Nationwide is offering a 20% discount to new home insurance customers taking out combined building and contents cover. New customers taking out a combined policy at the building society will receive the 20% discount for 24 months. In addition, any new home insurance customers with a Nationwide current account will receive £20 cashback if they apply for insurance over the phone or in ...




August 26, 2009

Bike thieves target students

by David Masters
”Bike
More than one in five students has had their bike stolen, according to new research by M&S Money. The poll by the home insurance provider found 22% of student cyclists have been targeted by bike thieves. Students should register their bike model, make and frame number so it can be identified if stolen, M&S Money said. The insurer advised students to always lock their bikes with ...




August 20, 2009

Confused.com highlights student burglary risk

by David Masters
”Confused.com
Student households are more than twice as likely to be burgled compared to the average home, Confused.com has revealed. The price comparison website released the figure as thousands of new students prepare for their first term at university. Confused.com also said students shouldn't assume their possessions are covered on their parents' home insurance policy. "Separate policies should be bought which reflect the amount of contents ...




August 14, 2009

Burglary on the rise during recession

by David Masters
”Burglary
The number of burglaries is on the rise as the recession deepens, Halifax warned this week. Home Office figures show a 4% increase in burglaries in the last quarter. Halifax said householders should be careful to secure their homes even on hot summer days. "When it's warm outside people often leave windows and doors open to keep cool, but many don't realise that burglaries ...




July 31, 2009

Motor insurance premiums continue to soar

by David Masters
Car insurance premiums increased 3.5% over the past three months, research by the AA has discovered. The typical quote for annual comprehensive insurance cover now stands at £778.13, according to the AA British Insurance Premium Index. This is 11% more than 12 months ago. Home insurance premiums also increased in the second quarter, up 2.5% on quarter one, to an average of £223.92. AA Insurance director Simon Douglas blamed the rising premiums on "underwriting ...