Claiming on home insurance is often a straightforward process, especially with smaller claims. However, if a claim is larger and more complicated, you’re going to need to put in a fair amount of effort in to be certain it turns out in the way you hope.
Many people who buy home insurance never actually have to make a claim on a policy. But insurers play a key role in society by taking on a level of risk which would otherwise prevent businesses and individuals from ever making financial purchases and investments.
When an insurance provider is calculating how much they think it should cost to insure your buildings insurance and contents insurancecontents, it all comes down to risk; the higher the chance you’ll experience loss or damage to your home and possessions, the higher your premiums will be.
Research shows that over 25% of women have either lost or had a ring stolen, it’s somewhat surprising that at least 7 out of 10 men or women don’t consider taking out extra contents insurance cover when they buy the ring in the first place.
Recently released crime figures from across the UK show that burglary rates across the country are still falling. Burglary is the crime which many homeowners fear the most, but these statistics show that fewer of us than ever are coming home to find our home has been ransacked.
There is an estimated 1.5 million landlords in the UK, the majority of whom have just one or two rental properties. Difficulties in the property market over recent years have prompted more homeowners to let their homes rather than sell them when moving, and recently released statistics about what sort of tenants are most likely to cause a landlord to claim on their buildings insurance or contents insurance reveal some startling facts.
When you’re searching around for the right home insurance deal, and getting quotes from insurers to compare prices, it’s easy to assume that after inputting certain details you’ll be comparing like-for-like cover when the results come back.
Home owners are often caught out after making a claim on their home insurance as they find to their shock that they have to first contribute a certain amount before the insurer sorts out the rest.
Home buildings and contents insurance insurance has never been out of the news this winter with extensive storm and flood damage, and for the vast majority of people who claim on their policies, they will receive a full pay out. However, a recent investigation by a prominent consumer websites has flagged up the top reasons why home insurance claims are rejected by insurers.
Car insurance costs can be astronomical, mainly depending on the type of car, your age and driving record. The ‘type’ of car carries a great degree of weight in deciding how much you pay. Types of car fall into different groups for insurance purposes. The groups are decided by industry experts and although insurers can use their own assessment methods, they nearly all follow the insurance industry’s Group Rating Panel’s decision.
Once again London has been crowned the burglary hotspot of Britain, with 12 of the top 20 most badly-affected postcodes being found in the capital, latest research from the financial comparison site Moneysupermarket.com shows. But while parts of London are the worst hit, it doesn’t have the highest concentration of burglaries per thousand residents. That…
On April 1, the government’s new Renew and Repair Grant scheme started. The grants, which are administered through local Councils, give homeowners up to £5,000 to take flood protection measures whether to minimise the financial consequences of being flooded again in the future. Home buildings and contents insurance is designed to repair the damage caused…