Tag: home insurance

Insurers warn householders to keep Christmas gifts secure

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 […]

December 10, 2012 More
Home owners urged to make winter property checks

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 […]

December 7, 2012 More
200,000 homes could be left without flood insurance

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 […]

November 26, 2012 More
Floods could increase home insurance costs for all

Floods could increase 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 […]

July 12, 2012 More
Flooding could lead to higher insurance premiums

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 […]

June 15, 2012 More
Home insurance may not cover empty properties

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 […]

May 15, 2012 More
Which? highlights unnecessary insurance costs

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. […]

April 18, 2012 More
ABI warns homeowners to watch out for subsidence

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 […]

March 22, 2012 More
Insurance costs unaffected by fitting winter tyres

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 […]

December 1, 2011 More
Rogue builders cause £6.8bn damage

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 […]

March 23, 2010 More
Christmas cheer lost on Direct Line

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 […]

December 19, 2009 More
Post Office increases Christmas home insurance cover

Post Office increases Christmas home insurance cover

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 […]

December 8, 2009 More
Insurers exploit unemployed with higher premiums

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 […]

October 19, 2009 More
ABI issues lodger warning

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 […]

September 26, 2009 More
Don’t trust loved ones with your PIN, LV= warns

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 […]

Nationwide offers 24-month home insurance discount

Nationwide offers 24-month home insurance discount

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 […]

Bike thieves target students

Bike thieves target students

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 […]

Confused.com highlights student burglary risk

Confused.com highlights student burglary risk

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 […]

Burglary on the rise during recession

Burglary on the rise during recession

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 […]

Motor insurance premiums continue to soar

Motor insurance premiums continue to soar

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% […]