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Cost of home insurance at record high

Friday, 25 November 2011, 4:07 | Business Gallery | 245 Views
by twinqu

Cost of home insurance at record highCost of home insurance at record high

The cost of the average home insurance policy has climbed by 10pc over the foregone spell to a record high. Cost of home insurance at record high

The AA is expected to imagine that the average stomping grounds insurance policy has another to £143 a extent – a rise of 10pc, in its latest Premium List report due to hold office published coming allotment. Cost of home insurance at record high

Cost of home insurance at record high

The cost of haul – only insurance has jumped by 8pc to an average of £72 a hour.

To add to consumers ‘ misery, insurer RSA, the publician of the popular Amassed Than stage name, has warned that premiums are set to rise continuous further this space. Tangible blamed the numerous character of claims over the keen winter, which has forced its costs up. Cost of home insurance at record high

The coldest December in 100 agedness weather cost RSA £142m enhanced than an average winter cloak a total of 8, 000 claims in November and December at an average cost of £6, 700. Cost of home insurance at record high

RSA also blamed increased costs on inflation and the rise in VAT, and said that customers should brace themselves for increase in the cost of cover over the next year.

Last month, the Association of British Insurers warned that the cold weather could cost insurers £7m every day in claims for burst pipes and leaking water damage. It predicted that the total cost of the cold winter could top £650m. Cost of home insurance at record high

AA spokesman Ian Crowder said home owners were ” better off ” opting for a joint buildings and contents policy which only increased 4. 9pc last year to an average cost of £200. Cost of home insurance at record high

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