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 [...]
Direct Line Home Insurance is offering new customers 50% off contents insurance policies until 30 September 2009. New customers can take advantage of the offer as a single policy, or alongside buildings insurance. The insurer said it decided on the price cut to help people with the cost of summer living. “There are always unexpected [...]
A short-list of the financial providers that offer the best customer service was unveiled this week by Moneywise. Moneywise revealed the firms that have been nominated for its Customer Service Awards 2009 in the categories of online current accounts, in-branch current accounts, mortgages, home insurance, and credit cards. Halifax, First Direct, and Lloyds TSB are [...]
AA Insurance is expecting a glut of home insurance claims this week due to bodged DIY projects over the bank holiday weekend “We always see an increase in claims for DIY disasters after bank holiday weekends,” said AA Insurance spokesperson Simon Douglas. Over a third (38%) of Brits spent their bank holiday working on a [...]
Newlyweds should check their home contents insurance policy to make sure it covers the value of their wedding gifts, Direct Line said this week. The average wedding gift is worth £79, meaning that a couple with just 50 wedding guests will need nearly £4,000 of extra cover on their home insurance. A wedding ceremony with [...]
Newlyweds should check their home contents insurance policy to make sure it covers the value of their wedding gifts, Direct Line said this week. The average wedding gift is worth £79, meaning that a couple with just 50 wedding guests will need nearly £4,000 of extra cover on their home insurance. A wedding ceremony with [...]
AA Insurance has warned of a ‘Himalayan peak’ in the number of bikes stolen this summer as the recession makes bicycles an increasingly attractive easy target for thieves. Bike sales have surged in recent months as credit crunched Brits seek cheaper ways to get around town. Meanwhile, June to October is traditionally the busiest time [...]
Tesco Home Insurance is offering a 45% discount for new customers who purchase a policy online. The supermarket financial provider said the online discount is available on its Value, Standard, and Finest cover. Value cover is Tesco’s ‘no frills’ policy, offering protection for major events such as fire, storms, theft, and floods. Standard cover adds [...]
Millions of people in the UK have cancelled or reduced their insurance policies in a bid to save money as the recession bites. Research from Sainsbury’s Finance found that nearly 950,000 Brits have either given up or cut down their home contents insurance, whilst an additional 700,000 have reduced or stopped payments for their buildings [...]
DIY disasters will cause a spike in home insurance claims over the Easter weekend, AXA warned yesterday. The home insurance provider said DIY accidents will peak on Saturday morning, with spilled paint as the prime suspect. Paint spillages in past years have accounted for 40% of Easter accidents. Other Easter mishaps include accidental holes in [...]
esure has warned householders to stay vigilant with garden security as the weather warms up. The home insurance provider said that with summer on its way, many Brits will spend more time in the garden using expensive gardening equipment. Failing to lock this equipment away after use presents an ideal opportunity for passing thieves, esure [...]
Up to two thirds of householders in the UK may have no insurance for their garden plants, despite the fact that the average household has spent over £700 on garden greenery. Research by M&S Money found that just one in three householders remember to ask whether their garden is insured when taking out a contents [...]
Direct Line has announced that it is offering twelve months home insurance for the price of ten. All new customers taking out a policy in March and April will be eligible for the offer. Direct Line said they decided to release the offer now after a survey discovered January and February are the UK’s least [...]
Tesco has launched an array of car insurance special offers for the coming month – the time of year when motorists typically look to renew their policy. Clubcard customers who buy Tesco car insurance before 1 April will receive a £50 Tesco gift voucher to spend in store. In addition, online customers buying a breakdown [...]
Five million Brits plan to reduce outgoings by cutting back on insurance cover, LV= found in a recent survey. Most popular for cutbacks was home insurance. LV= discovered that 2.2 million households plan to reduce or cancel their home insurance policies to reduce spending. Flood risk insurance is the most likely to be cut, with [...]
Sainsbury’s Home Insurance has announced a range of discounts for new home insurance customers called the ’30-30-30′ deal. The supermarket bank is offering 25% discount to anyone purchasing home contents insurance before 30 June. Customers purchasing contents insurance together with buildings insurance will receive an additional 5% discount, bringing the total discount to 30%. These [...]
February has already seen the most severe snow storms in 18 years as well as over 100 flood warnings – highlighting the importance of adequate property insurance. “Recent events highlight how important it is to have the right level of cover in place to protect both your home and your belongings,” said Emma Baunach, manager [...]
More Than this week launched a revolutionary home insurance policy based on customer feedback. More Than has simplified its contents insurance into two categories: cover for all contents in the home (including garden and outbuildings), and cover for all contents away from home for up to 60 days. All small print has been eliminated because [...]
Two of the UK’s biggest home insurance providers, Aviva (Norwich Union) and More Than, are offering free contents insurance to new buildings insurance customers. Aviva’s offer gives up to £50,000 free contents cover to customers buying buildings and contents insurance together. The offer is available on all new policies, provided that customers have not made [...]
With financial worries plaguing the nation, Direct Line is offering new customers a recession-busting 50% discount on home contents insurance. The insurance provider said economic slowdown is making it difficult for many households to keep up with expenses. In a recent survey by Direct Line, 22% of respondents thought it acceptable to default on a [...]
Phone fraudsters stealing bank card pins
Fraudsters using a phone scam to trick bank card holders into revealing their pin numbers stole £750,000 in the first four months of this year. This is the same amount stolen through this scam in the whole of last year. The fraudster telephones a bank customer, often someone elderly or vulnerable, telling them that their [...]
FSA rules out ban on interest-only mortgages
Speculation that the Financial Services Authority would ban interest-only mortgages as part of its Mortgage Market Review has proved to be unfounded. However, lenders will be required to monitor the performance of the investment product taken out by the customer to repay the mortgage at the end of its term. Investments are performing poorly because [...]
Bank of England may end free in-credit banking
A director of the Bank of England has warned that official intervention could be considered to end the ‘dangerous myth of free in-credit banking’. Andrew Bailey has already spoken out against free banking in relation to the mis-selling of financial products. In a speech made available to media, he reiterated his concern, saying that it [...]
Bank of England votes against more economic stimulus
The Bank of England voted against a further round of quantitative easing, at its latest Monetary Policy Committee (MPC) meeting. Just one member, David Miles, voted for further asset purchase to encourage growth in the UK economy, while the other eight members voted to keep the Bank’s quantitative easing programme steady at £325bn. The minutes [...]
Catalogue debt growing says helpline
Calls from people concerned about their debts with mail order catalogues accounted for more than 12 per cent of all calls received by National Debtline last year, compared with just 8 per cent in 2007. More people were concerned about catalogue debt than about payday loans, mortgage or rent, according to the Money Advice Trust [...]
Homeserve faces mis-selling investigation
HomeServe, which provides emergency insurance cover and domestic repairs to households in the UK, is to be investigated by the Financial Services Authority (FSA). Issues over the possible mis-selling of household emergency policies were uncovered last October during an internal review at the Walsall-based company. Homeserve’s call centre staff were found to be selling ‘Complete [...]
OFT warns Wonga over debt collection methods
Payday loan company Wonga used aggressive and misleading methods to collect debts from customers, the Office of Fair Trading (OFT) has found. Wonga sent letter and emails to certain customers suggesting they had committed fraud and threatening to report them to the police if they did not act in the way Wonga suggested. The company [...]
NS&I re-launches investment account
National Savings & Investments (NS&I) has re-launched its Investment Account at a higher interest rate than it previously offered. The account now offers 0.75 per cent before tax, compared with between 0.2 and 0.3 per cent previously, depending on the account balance. Deposits and withdrawals on the account can no longer be made at Post [...]
Rightmove reports property downsizing trend
Two in five property owners planning to sell in the next year are planning to ‘trade down’, compared with one in four who plan to ‘trade up’. A survey by property website Rightmove found that moving to a smaller home is the main reason for moving in nine out of the ten regions in the [...]
More people failing to save for retirement
The proportion of people with no pension savings has grown from 20 per cent to 22 per cent over the past year, according to Scottish Widows’ latest survey. The pension provider surveyed 5,200 adults in the UK, aged 30 or over, and earning at least £10,000 a year, for its annual review of pensions. Ian [...]
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