School holidays means children at home, which means more accidents around the home according to Tesco Finance.
,p>Figures compiled by Tesco Finance show that home contents insurance claims for damage caused by children cost almost GBP230 million last year. The majority of claims understandably come during the school holidays when children are at home. With over 40 percent of people not having enough, or any, contents insurance now is a good time to get some say Tesco.
Accidental damage can be added to some policies and is inclusive on others said a Tesco Finance spokesman. Therefore it is sensible to compare policies to see what the cost would be on a like for like basis, ensuring the cover is adequate for the customers needs.
Results from a recent Sainsburys Bank survey show around 4.7 million adults in the UK are without home contents insurance cover.
The most insured area in the UK is Yorkshire and Humberside, where 96 percent of people have contents insurance. This contrasts with London, the least insured place in the country, where only 78 percent of people have cover. Sainsburys Bank urge people without home insurance to get cover as it offers peace of mind and financial cover for what can end up as a significant sum.
With regard to the reasons for not having contents insurance the main reason given was that it simply was not required. This was followed by it being too costly. A Sainsburys Bank spokesman suggested these people should firstly tot up the value of their possessions and then check online to see how inexpensive home contents insurance can be.
The Abbey National is warning homeowners who use oil for heating to make sure it is insured as thefts of the valuable resource are on the increase.
A spokesman for the Abbey National confirmed that police forces from around the country are seeing a rise in oil thefts, with domestic dwellings being specifically targeted. Homeowners are being asked to check their home insurance policy documents as around 10 percent of policies do not cover heating oil.
This issue has grown in importance as the cost of oil has risen so much. Abbey National figures show that the price of oil has pretty much doubled since January, making it an interesting potential opportunity for potential thieves.
