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.
Find the best price on Halifax home insurance with a quote from Moneygossip.co.uk.
Tesco Finance are telling UK consumers that there are savings to be made on insurance products, it is down to people to go and get them.
Take as an example home insurance renewals. 44 percent of consumers found their premiums had gone up, but nearly two thirds of people then stayed with their existing insurer rather than looking for an alternative at a lower price. It is not difficult to change insurers said a Tesco Finance spokesman, it simply needs a little motivation to get started.
The different comparison options available through the internet can really help with this process, making it quick and easy to see policies side by side. Tesco Finance recommend all consumers should do this and see if they can reduce their outgoings.
Three new home insurance policies have been introduced by Tesco Finance, providing differing levels of protection to suit the needs of the user.
The entry level policy, called Value insurance, covers essential items only but costs around a third less than the Standard insurance package. This is being described as an upgraded version of the original Tesco home insurance policy. As well as offering the levels of cover existing customers will be familiar with it also includes an extra GBP10,000 of cover and there are no compulsory excesses.
The third home insurance policy introduced by Tesco Finance is called Finest and is a very comprehensive package, including ID fraud protection, home emergency support and buildings cover of unlimited value.