Home Insurance - Claims for home insurance total to a £ 100 m bill - 26/11/2009

It was recently revealed that home insurance claims for damage caused by floods due to the extreme weather experienced not too long ago, could result in an industry wide bill of £100 million.

According to reports from the Association of British Insurers, around 1,000 claims have already been made for compensation due to the floods in Southern Scotland and north of England.

The weather is said to have been at its worst in Cumbria. Six bridges collapsed and hundreds of residents from the area had to be evacuated.

However, the total bill is dwarfed by the overall cost of the flooding in 2007, which affected central and southern England. Insurers have claimed that they had to pay out about £3 billion for the storm.

Several Environment Agency officers from across the country have been working to the best of their abilities to reduce flood damage. Homeowners are also being asked to take all kinds of precautions to minimise damage, including taking out proper home insurance.

Bookmark with:
  print Print Preview   email E-mail to a friend
 
Comments
Not comments have been posted yet.
 
Do you have something to say? (maximum comment length of 250 characters)

Post your comment
 
 
 
Related News
  18/01/2010 - Student claims to rise in recession. A home insurance firm has revealed that students returning to university after the New...
15/01/2010 - Your new house guest is a rat. Home insurance providers are urging homeowners to be on the lookout this winter, as...
11/01/2010 - Claims heat up due to the cold winter. A London Fire Brigade service has revealed that home insurance claims made by property...
 
Related Guides
  Buildings Insurance?. Buildings Insurance? Save 's on your home insurance New home buyers? Find cheaper Home...
Need help finding the right home insurance?. Need help finding the right home insurance? Save 's on your home insurance New...
Save £££'s on your home insurance. Save 's on your home insurance Save 's on your home insurance New home...
 
Related Articles
  Home Insurance: Could Save You a Fortune. Our home is the most valuable property for us by which we feel attached...
Make sure frozen pipes don't ruin your Christmas. As the winter months are bring sub-zero temperatures across the UK, homeowners are being...
Unwrap home insurance this Christmas. A popular home insurance provider has urged homeowners to purchase cover this Christmas, as...

Home Insurance News
18/01/2010 - Student claims to rise in recession. A home insurance firm has revealed that students returning...
Read More
15/01/2010 - Your new house guest is a rat. Home insurance providers are urging homeowners to be on...
Read More
11/01/2010 - Claims heat up due to the cold winter. A London Fire Brigade service has revealed that home...
Read More
08/01/2010 - Homeowners advised to run taps to run a successful household. A famous plumber has recommended ways homeowners could save...
Read More
More News >>