Home and Contents Insurance. Global warming threatens home owners. Part 2
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- Home and Contents Insurance. Are your premiums constantly rising?
- This article explains why premiums for Home and Contents seem to be constantly rising and what you can do about it.
- The Importance of Getting More Than One Home Insurance Quote
- 70% of homeowners accept this home insurance renewal quote automatically. Bad move! This article explains why.
- Buildings Insurance and the Threat of Flood
- If youre thinking of buying a house in a flood area, read this.
- How much do you value your home's contents? Keep them covered.
- Keep your sum insured on your house contents policy up to date. If you're under insured, your claim may well be reduced accordingly.
- Do you have pest protection?
- Have you considered just how expensive a pest infestation could be. Check out the insurance facts.
- Home and Contents Insurance. Keep your home in shape for insurance's sake
- Your claim on home and contents insurance could be rejected if your insurer thinks it's a maintenance issue – this article tells you what to do to keep your home in shape.
Environmentalists are now warning that unless DEFRA acts now, the UK's current bill for flood damage could rise from £950 million a year to up to £3.2 billion. Presently, the average insurance claim for household flood ( cheap loans ) damage is even higher than that of fire damage at a staggering £30, 000. To put that into prospective, localised events such as the 2004 flood at Boscastle, Cornwall, can cost the insurers over £15 million.
If you are in any doubt whether your home or proposed home is in a flood risk area, visit the DEFRA website at www.environment-agency.gov.uk. The website can tell you whether or not your home ( insurance ) is at risk of flooding by assessing maps originally designed for planning purposes although, information is only provided on a post-code basis.
While many insurers use the DEFRA information, others, such as More Than, use ( cheap car insurance ) their own maps to assess homes individually rather than by post-code areas. This means that if your existing insurer increases your premium for flood risk and uses the DEFRA information, you may still be able to get a cheaper rate using an insurer who assesses it's own flood data.
With pressure now mounting and concerns over the effects of global warming increasing ( loans ) everyday, unless the government acts and increases its spending on flood defenses soon, the insurance industry will very likely discontinue their commitment to the 2003 principles. That could be very bad news for many homeowners across the UK and could quiet literally cost billions of pounds in the not too distant future.