Tag: home insurance

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 | 0 Comments 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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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% [...]

Sheila’s Wheels issues Wasp Week warning

Sheila’s Wheels issues Wasp Week warning

Stinging wasps are more likely to invade your home this week than at any other time of the year. Wasp Week, the final week of July, is the time when the creatures are most prevalent in the UK. To coincide with Wasp Week, Sheila’s Wheels conducted a poll asking homeowers how they’d react to a [...]

Home insurance can cover holidays too

Home insurance can cover holidays too

Brits saving cash by staying on the Isle of Blighty for their summer holidays should check whether their home insurance policy covers equipment they take on holiday with them, Age Concern Insurance Services (ACIS) said this week. With the number of home-grown holidays set to increase 20% this year, ACIS warned that many insurers only [...]

Brits overpay £500m per year on home insurance

Brits overpay £500m per year on home insurance

Brits are wasting more than £500 million a year by failing to shop around for the best deal on their home insurance. Research by Your Money, in conjunction with Confused.com, found that homeowners are spending an annual £508 million more than they need to on home insurance - equivalent to £180 per household. A second [...]

Does your home insurance cover DIY blunders?

Does your home insurance cover DIY blunders?

DIY Brits planning to do up their homes on the cheap should check their home insurance policy covers them for any DIY blunders before they get out the toolbox, Saga Insurance warned this week. The over-50s insurance specialist issued the warning to coincide with new research showing that DIY is a popular past-time with the [...]

Home insurance ‘vital’ warns Biba

Home insurance ‘vital’ warns Biba

Frugal householders that scrimp on home insurance to save money are playing a risky game, an industry expert warned this week. Graeme Trudgill, corporate affairs executive at the British Insurance Brokers Association (BIBA), said homeowners should not use the recession as an excuse to stop paying premiums on buildings and contents insurance cover. His comments [...]

Is your festival tent insured?

Is your festival tent insured?

With the summer festival season approaching fast, moneysupermarket.com has urged festival-goers to check if their home insurance covers possessions stored in a tent. “Tents can be left unguarded for hours at a time, so while it’s essential not to leave valuables lying around, it is also important to check your insurance will cover you if [...]