Sainsburys Bank are warning cyclists that even when their bicycle is at home it is still at risk of being stolen and should be protected accordingly.
Over 1,200 bicycles are stolen every day according to Sainsburys Bank figures, showing how popular they are with thieves. It is because of the ready made market for bikes and the fact that they are often easy to take away that the theft numbers are so high, something that Sainsburys would really like to see change. Having home insurance that covers the bicycle is one thing but it is far better not to have to lose the bike and claim in the first place.
Anyone with a bicycle is advised to not the make, model and frame number of their bike and take a picture if possible. Then they should check to make sure it is included in the home insurance policy. Sainsburys Bank remind policyholders to check for any exceptions to cover, so they know if the bike must be stored in a locked garage overnight or something like that.
According to a recent study by the Halifax there is over GBP50 billion worth of jewellery in UK homes, with each house having just under GBP2,000 worth on average.
Although the average figure is around GBP2,000 there are around 5 million homes where there is over GBP5,000 worth of jewellery and surprisingly the Halifax has found that over a third of them have never had their items valued. This is an important aspect since valuables should be listed individually on home insurance policies to ensure they are covered.
Geographically the places with the most jewellery in their homes are Preston and Milton Keynes so they are urged to make sure they have their items valued said a Halifax spokesman. This way they will know their home insurance is doing the job it is supposed to do.
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An agreement regarding flood insurance between the government and the Association of British Insurers has been supported by AA Insurance.
The agreement will ensure there is a much better understanding of the risk of flooding in different areas as well as improving the accessibility to home insurance for households on low incomes. There will also be changes to the planning system said A Insurance to ensure developments are not placed in areas where the risk of flooding is high.
A spokesman from AA Insurance said that providers of home insurance, like themselves, are well aware of the greater risk of flooding that faces the UK and are structuring their premiums accordingly. Although the premiums will be higher than previously the good news is that cover will still be provided, something that was a concern previously when it was suggested some areas would be uninsurable.
