The Halifax is reminding all homeowners that they should ensure lightning cover is part of their home insurance especially as summer sees more claims.
According to data from Halifax home insurance customers the average claim for lightning damage costs over GBP 1,400 and such claims are 14 times more common in the summer than winter. The thing with lightning is that it can travel through things, so as well as causing actual damage to the structure of a building it can also go through wires and affect electrical equipment and so on.
A Halifax spokesman also pointed out that lightning can not be anticipated so no one knows where it will strike. For this reason checking the home insurance policy to make sure lightning cover is included is a sensible step to take.
Liverpool Victoria has just announced a removal of what are considered unfair admin charges for all its LV= insurance customers.
Moving forwards Liverpool Victoria insurance policyholders will not face charges for cover level amendments, address changes or cancellations that have been out of the policyholders control. The MD of LV= insurance supported the move, saying that customers sometimes have to make small changes and it is unfair to charge them to do this.
He went on to say that providing good quality insurance at a competitive price is what Liverpool Victoria is about. LV= do not want to hit customers with hidden costs, instead wanting to treat their customers fairly.
Learn more about Liverpool Victoria home insurance through Moneygossip.co.uk.
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.
