Archive for December 25th, 2009

AXA home insurance: Burst pipes pose threat to Christmas cheer

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by admin December 25, 2009 in Insurance News

AXA home insurance is warning homeowners that Christmas could be a wash out if their pipes burst while they are away from home. With 35 per cent of Brits set to be away from home for a few days this Christmas, AXA home insurance urges them to be wary of the fact that burst pipes could pose an even bigger financial threat than burglary. Only 38 per cent of households will leave the heating on low while they are away to prevent their pipes from freezing, while 71 per cent will lock the windows to keep out burglars. But last winter, AXA home insurance saw one in 1,000 homes make a claim for water damage resulting from burst pipes, with the averaging reaching the £15,000 mark. With 20 per cent of households having no contents insurance to protect them from the financial pitfalls of burst pipes, AXA is concerned that many could be facing a very costly Christmas.

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Insurers group issues advice for travellers affected by transport chaos

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by admin December 25, 2009 in Insurance News

The British Insurance Brokers’ Association (BIBA) is warning travellers who are affected by travel related strikes or financial failure over the Christmas period that not all travel insurance policies are the same. The group is advising travellers to contact their insurance provider to clarify their specific policy coverage, if they have booked independently of a travel agent or tour operator .

BIBA has said that all policies underwritten by Tokio Marine and those purchased from a BIBA broker are protected by the association. Read more…