Apart from all the other costs associated with having children Abbey National are warning parents that home insurance is essential so as to be covered for likely accidents.
Each year, according to a new Abbey National study, children cause damage costing more than GBP500 million across 2.5 million homes in the UK. It is the toddlers who are the ones to watch, as the study revealed those aged between 1 and 5 cause nearly a quarter of all the household accidents.
The Abbey National data also showed boys to be twice as troublesome as girls in the household damage stakes, while the most common home insurance claims for damage caused by children are on paint or wallpaper, furniture and items being broken.
According to a new poll by Post Office Insurance the average adult in the UK believes they are worth around GBP350,000.
Over 2,000 people were polled by Post Office Insurance to try and find out the perceptions people have about themselves and how much of a contribution they make. People were asked to add up their value, with the average amount providing the GBP350,000 figure shown above. There were regional variations of course, with London way ahead of anywhere else at GBP500,000 while the East Midlands came in bottom, averaging GBP300,000.
Interestingly, having realised how much was at stake, nearly 40 percent of respondents felt that it was important for them to take out life insurance. A Post Office Insurance spokesman was very pleased to see this response and hoped that they would indeed get their lives protected since the financial consequences of not doing were clearly considerable.
Designed especially for the over 50 market Tesco Finance has launched a new life insurance policy that will leave a guaranteed tax free lump sum upon claiming.
There is no medical needed as long as applicants are aged between 50 and 75 and all customers who purchase the policy before 26 June also receive a GBP20 gift voucher. Applying for the Tesco Finance life insurance policy is really easy, using the phone or online.
Payments into the Tesco Finance insurance policy stop when the person covered reaches 90 years of age but the policy remains valid until death. Typically a 55 year old man who pays GBP10 per month would receive a lump sum of over GBP2,400, while a woman of the same age and paying the same amount would receive over GBP3,000.
