Standard home insurance not necessarily a safe haven | What Mortgage
One in 10 households made a claim on their home insurance policy last year, so Britain’s number one comparison site analysed policies (buildings and contents) from the top home insurance providers. It reveals standard policies don’t necessarily include all the cover details a household may need in the event a claim is made, such as accidental damage for example.
The research reveals Brits can expect to pay 143 per cent more for a ‘premium’ policy, but in some cases as little as £16 or 11 per cent more. Upgrading to a ‘premium’ policy from Tesco for example will ensure what could be considered essential details are included. Alternative accommodation costs up to £35,000 is provided, as is home emergency cover, £3,000 cover for personal possessions outside the home and a seasonal uplift of 20 per cent at Christmas.
Julie Owens, head of home insurance at moneysupermarket.com, said: “Our research shows just how much policies vary in the levels of cover they provide. At a time when people are feeling the pinch, it is easy to
July 27, 2010 No Comments
