Extra Christmas cover provided by 90 per cent of home insurance policies

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by Tiffany Parker November 26, 2010 in Insurance News

Many home insurance policies provide additional cover over the Christmas season in order to protect the added value of items within houses at this time of year. According to recent research carried out by Defaqto, nine out of ten providers give temporary increases on contents and buildings insurance products to allow for such special events. As a consequence, any customers with policies from firms in the ten per cent that do not offer extra cover may want to think about comparing savings and switch provider as the festive period approaches.

Mike Powell, general insurance analyst at the independent financial research organisation, said: “This caters for the increase in the overall value of the property’s contents in the form of potentially expensive presents or gifts and helps protect people from the possibility of being underinsured”.

In other news, NFU Mutual warned rural home insurance customers to be conscious of fire risks in the property .

Aviva issues storm advice

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by Danielle Bailey November 16, 2010 in Insurance News

Aviva has advised homeowners to take precautions to safeguard against the gales forecast at the end of this week.

The insurer has a network of contractors, claims teams and call centre staff ready to assist those who are affected by weather-related damage in the next few days.

Property Claims Director Rob Townend explained that storms and gales are covered as standard by home insurance policies.

Damage caused by storm force wind and rain, including the costs of moving out temporarily, are all covered by insurance.

Aviva advises homeowners to park cars in garages, away from trees, secure and lock down all loose objects outside (such as bikes and garden furniture) and to make sure all doors and windows are fastened.

In addition, the insurer advises checking for loose tiles on the roof and making sure aerials or satellite dishes are secured.

Yesterday Legal & General issued advice regarding combating winter weather, including lagging pipes and tanks and leaving the heating on to help prevent burst pipes.

 

Ski enthusiasts should ensure they have adequate travel insurance

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by Tiffany Parker November 13, 2010 in Insurance News

Those who are looking to hit the slopes this winter are advised to have adequate travel insurance cover in place for themselves and their families and this cover should include winter sports cover, warns moneysupermarket.com.

According to research from the comparison website, while there are competitive deals available, policies covering winter sports vary a great deal from provider to provider, with exclusions and caveats commonplace as well as coverage levels. It is therefore essential to check the small print.

Bob Atkinson, travel expert at moneysupermarket.com, said: ” Travel insurance should be an essential item when planning any holiday, especially for a trip involving adrenaline-fuelled winter sports like skiing and snowboarding . A snow-filled holiday on the slopes can be costly, but foregoing travel cover just isn’t an option for savvy skiers and snowboarders and scouring the small print really is a must.”

He added that those booking their winter skiing trip away should take out a travel insurance policy which includes cover for incidents such as scheduled airline failure and cancellation of what can be an expensive trip. Read more…

Baby buggie price inflation sparks crime wave

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by Danielle Bailey November 09, 2010 in Insurance News

The vogue for increasingly expensive baby buggies has sparked a new crime wave, according to Halifax Home Insurance.

Thefts of baby strollers have almost doubled in the past year, which the lender claims is fuelling a black market worth around £60 million

Sales of buggies costing over £500 having increased by 40% over the past 12 months and Halifax points out high re-sale values make these items a prime target for opportunist thieves.

The research also suggests that criminals are stealing specific models, with the Bugaboo Bee Plus (worth £459), Silver Cross 3D (£250), Quinny Zapp (£150) and the Maclaren Techno XT (£196) among the most sought after models.

Most thefts appear to be taking place from inside the home (22%) or just outside (11%), while car parks, cafés and restaurants are other buggy-theft hotspots.

Meanwhile buggie-price inflation is forcing almost a quarter of parents to buy second-hand, mainly from online auction sites, or from friends and family.

Halifax Home Insurance head of underwriting, David Rochester, comments: “It may seem surprising that thieves would stoop so low, yet it appears the increasing value of baby buggies has caused parents to become a target for thieves.”

He adds: “We recommend all new parents make sure buggies are safely secured when stored in the home, and not left visible in porches or driveways where they can be easily stolen as they are on wheels, enabling a quick getaway.”

Despite the high value of buggies, almost a fifth of parents questioned were unaware whether their pushchairs are covered under their insurance policy if stolen from inside the home, while a fifth didn’t know if they’re covered if the pushchair is stored outside.

  Read more…