A wide range of recent reports have shown how house prices have been falling over recent months, and according to industry officials many properties have seen thousands of pounds wiped off the value following a run of house price falls over recent months. Some officials have said that house prices are now falling at the fastest pace since the early 1990s, which was when the last house price crash occurred shortly before the nation enjoyed a ten year housing boom. read more »
One insurance company has announced that it will now be classing the offence of driving whilst on a handheld mobile phone on the same level as careless driving, and with this in mind the cost of premiums for those found guilty of this offence are likely to rocket. The first insurance firm that has brought in the hiked up rates for those found guilty of this offence is Allianz Insurance, but it is thought that many other insurance firms are likely to quickly follow suit. read more »
A recent report has suggested that many drivers in the UK may actually be using their cars less as a result of rising related costs such as insurance cover and petrol, with changes to car tax prices from the budget also likely to impact on affordability for drivers in the future. Industry officials claim that rising costs such as these are pushing drivers off the road, as many simply cannot afford the costs that are associated with keeping a car on the road. read more »
According to a recent report around 25% of motorists in Britain could be invalidating their insurance cover by lying on their applications. Around a quarter of drivers have admitted to lying on their applications for UK car insurance, and this could mean that many could find that their insurance is invalid if they try to claim and the lie is discovered. The research was carried out by insurance.co.uk, which found that around 26% of drivers had falsified information on their applications. read more »
A recent report has shown that since Labour came into power the fines imposed on uninsured drivers by courts have fallen by over 20%, and courts are now being slated for being too soft on those driving without any vehicle insurance cover. According to recent figures the fines imposed on uninsured drivers in 2005 were an average of £177 whereas in 1997 the fine was an average of £224. The figures come from the Home Office. read more »
According to a recent report there has been a sharp rise in the level of building insurance related complaints. Turbulent weather has been blamed for the rise in building insurance related complaints, which have risen by a third according to figures relating to the number of complaints made to the Financial Ombudsman Service. Recent bad weather has included the tremendous storms from last summer, a tornado that hit late last year, and also more recent stormy weather. read more »
Recent data has shown that Brits are prepared to fork out a fortune when it comes to protecting the health of their pets, with the value of the pet insurance industry rocketing and set to grow further over the next few years. According to industry officials the pet insurance market is set to rocket from a value of £380 million in 2006 to around £600 million by 2011, with more and more people deciding to take out pet insurance cover to safeguard the health of their beloved pets. read more »
If you are a tenant you may think that you have no need to take out any home insurance, and this is because many tenants are under the impression that home insurance is covered by the landlord. Well, there is some degree of truth in this in most cases, but the landlord only provides one element of home insurance for the tenant. read more »
Most consumers in the UK are well aware of the importance of having home insurance in place in order to provide financial protection against damage, loss, or theft of belongings or damage to the home. The cost of home insurance cover can vary from one provider to another and based on a range of details with regards to the consumer. Most customers do their best to drive the cost of cover down as much as possible, and some have even had CCTV fitted in order to deter thieves from breaking in to the home, causing damage, and stealing belongings. read more »
We all want to get the best deal possible on the goods and the services that we buy, and many of us take out a range of insurance policies over time, from buildings and contents insurance, to pet insurance, travel cover, life insurance, medical insurance, car insurance, and more. Insurance can be very valuable in terms of providing us with protection and peace of mind, but you should always make sure that you are not paying over the odds for your insurance cover. read more »
