Sainsburys Bank home insurance division has found that just short of 10 million people are thinking of planting trees in their gardens this year and would like to warn them about the threat of subsidence.
The main advice given by Sainsburys Bank is to select a tree that will be of a suitable size for the garden and also to plant it a good distance away from the house. If homeowners do not follow this advice they may find an increased risk of subsidence and the need for an insurance claim. Leylandii and Willow are two of the most troublesome trees it has been found.
A Sainsburys Bank spokesman revealed that home insurance claims for subsidence have cost British insurers over GBP700,000 per day over the last 5 years. It is therefore important to be aware of the risks before going ahead with planting a tree.
Having surveyed homeowners across the country Halifax Home Insurance has found that around 1.7 million households have an unfinished renovation project that they have been working around for 2 years or more.
Of the people surveyed by the Halifax almost half of them said they just did not have the time to finish the job off, while nearly 30 percent said they could not afford to complete the work. It appears that the most common room that remains unfinished is the bedroom, perhaps because it is not a room everyone sees.
A Halifax Home Insurance spokesman, looking at the information, felt that effective budgeting at the start of the project could help more people get jobs finished. Taking a realistic view of costs rather than being overly optimistic is perhaps the biggest change to make.
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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.
