Sofa-lisers urged to check home insurance policies for accidental damage cover

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by Tiffany Parker December 23, 2010 in Insurance News

Popular TV shows such as X Factor and Strictly Come Dancing have made sofa-lising’ (where friends and family get together for home based social gatherings) all the rage, says Halifax Home Insurance .

Today over a third of adults say they drink at home before going out in order to save money (39 per cent) and a similar number ditch going out altogether in favour of sofa-lising’ on Saturday nights instead (34 per cent). However, with accidents such as wine spillages on carpet (18 per cent) and drinks spilt on electricals (9 per cent) a common occurrence at these functions, the insurer advises people to be careful when having friends over.

Martyn Foulds, senior claims manager at Halifax Home Insurance comments: “The rise in popularity of sofa-lising’ and drinking at home before going out has significantly increased the likelihood of home accidents, so while many will stay home to try and save money, it may prove to be a false economy if careless behaviour ends up costing them more.”

Halifax Home Insurance urges homeowners to check their home insurance policy to ensure they are fully covered against accidental damage . Read more…

Winter tyres on commercial vehicles will not void van insurance policies

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by Tiffany Parker December 20, 2010 in Insurance News

The Association of British Insurers (ABI) has announced that the use of winter tyres on commercial vehicles will not invalidate the vehicle’s road risks insurance .

The situation has been clarified by the ABI following a radio interview last week when an AA spokesman indicated that there was concern surrounding the fitting of winter tyres with a speed rating lower than the standard specification which might invalidate any van insurance policy in place.

An ABI spokesman said: “Fitting snow tyres wouldn’t be considered a material modification that would impact on the premium, so insurers would not expect to be notified that they had been fitted. What is important is having these tyres fitted by a reputable garage or dealer.”

However, reports from some quarters suggest that some insurance companies are charging additional premiums for drivers fitting winter tyres. Read more…

Home damage peaks with Christmas pre-going-out parties

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by Danielle Bailey December 17, 2010 in Insurance News

Damage to Britain’s homes caused by beauty products cost an estimated £1.4 billion over the past 12 months, with the Christmas party season a particularly treacherous period for spillages, stains and worse.

According to research from Halifax Home Insurance, accidents commonly occur during “pre-going-out” parties and the bill could top £115 million in the run up to Christmas.

The insurer found that make-up stains cause 17% of damage; fake tan/hair dye 11% and nail varnish 8%.

Burn marks caused by hair straighteners are also common, with an incidence of 5%, and even going-out shoes can create mayhem as stiletto heels wreck floors.

The level of alcohol consumption at pre-night-out parties is partly to blame, with more than a third of adults saying they drink at home in advance, in order to save money at the bar.

However, the growing trend for “sofa-lising” on Saturday nights, which involves watching TV programmes such as X Factor and Strictly Come Dancing with friends, presents another hazard, costing an estimated £820 million in the past year for drink spillages on carpets and electrical equipment.

Young women in their early 20s are particularly accident prone, the research suggests.

Halifax Home Insurance senior claims manager, Martyn Foulds, comments: “The rise in popularity of ‘sofa-lising’ and drinking at home before going out has significantly increased the likelihood of home accidents, so while many will stay home to try and save money, it may prove to be a false economy if careless behaviour ends up costing them more.”

Halifax recommends homeowners check their policies to ensure they are fully covered against accidental damage.

 

With Gas Prices Rising Again, Look for Other Ways to Save on Travel Expenses

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by Tiffany Parker December 16, 2010 in Insurance News

It is annual event in the U.S. and many other countries – the holidays come around, travel increases, and gas prices increase. If you are taking a road trip this winter to catch up with friends and family, or you will be doing a lot of driving to and from the airport, or you simply have a long commute each day, these increases can put a real dent in your wallet. So it’s important to find other ways to save on travel expenses, such as buying travel insurance plan.

Some of the ways to save on travel expenses are obvious. For instance, comparison shopping online is always a smart move. Whether you are looking for the best deal on hotels, airfare, or event tickets, you can net significant savings on your overall expenses by spending a couple of hours researching.

Meals are an area where you can definitely save some money. For a lot of travelers, vacation time often involves overspending and overeating. W Read more…