Home insurance premiums on the rise, says AA
23rd Oct 2012
Many Brits could be facing a winter where they have increased worry over their properties for sale, according to a new report, after it was revealed that the price of home insurance premiums has risen.
Homeowners have already revealed fears over the health of their properties, thanks to an increase in the price of gas and electricity from most of the biggest energy providers in recent weeks.
Houses which are poorly heated in winter can end up with severe issues thanks to freezing and bursting pipes, with water damaging possessions, and up to 90 per cent of Brits are expected to ration energy for keeping the home warm this winter.
According to the AA, the cost of home insurance at the end of September saw an annual rise of 2.4 per cent for buildings and one per cent for contents. There is a potential that this could lead to many people failing to insure, incurring costly repair bills as a result.
With cold weather and damage being prevalent over the past two winters in particular, it is vital that homeowners are protected. However, a failure to make sure that prevention measures are set up can spell disaster for homeowners who have no policies in place.
Posted by Staff Writer: Robin Stenson
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