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.
The age of 46 has been found to be the point where own the greatest value of possessions according to a More Than survey.
At this age we average just under GBP41,000 worth of possessions it has been found, with the next best age being 28, when the figure is a little over GBP33,000. However over half of us actually have no idea of the value of items they own, which is a pretty important point when it comes to arranging adequate home insurance.
For anyone wanting to work out their own possessions value More Than Insurance have very kindly added a calculator to their website that will do just this. So pop along and work out whether you have enough home insurance cover today.
AA Insurance are asking all owners of holiday homes to make sure their insurance polices cover items that are left there while the property is empty.
The summer months see many people heading off to their second homes, taking a break from the daily grind. However AA Insurance want them to just think about what they may be leaving at the property and to ensure they have adequate home insurance cover in place. Their data suggests more than 10 percent of people do not know if it is adequate or not.
A spokesman from AA Insurance also wanted to remind people to take basic security precautions during the warmer weather. These include closing and locking windows when the property is empty, locking front doors if people are in the back garden and so on.
