Halifax home insurance customers will be happy today as they find out that they will receive GBP50 as a thank you for their loyalty to the company.
Each year that customers stay with the Halifax and have a claim free year they will receive GBP50, the award to be ongoing. The decision was made to introduce the payment after feedback from customers showed that they would like to their loyalty recognised. In addition to the payment customers will also be pleased to see that they can save up to GBP125 just by switching their buildings and contents insurance to the Halifax.
The head of marketing felt that this loyalty payment was perceived much more positively than the usual incentives and promotions offered by some other insurers.
A recent study by Tesco Finance has looked at the damage we do in our own homes and found some startling results.
Children are one of the major culprits when it comes to damage around the home, racking up over GBP136 million worth of home insurance damage claims per year. Following on in value is the effects of alcohol, costing around GBP95 million in broken items and stains caused by spills. Following on from these is the damage caused by family pets, with a total of GBP87 million worth of damage every year from our faithful friends.
The biggest source of claims, for Tesco home insurance at least, is what they are calling horse play. Just messing around leads to a massive GBP325 million worth of damage and accounts for 25 percent of all contents insurance claims.
The Abbey National is warning homeowners who use oil for heating to make sure it is insured as thefts of the valuable resource are on the increase.
A spokesman for the Abbey National confirmed that police forces from around the country are seeing a rise in oil thefts, with domestic dwellings being specifically targeted. Homeowners are being asked to check their home insurance policy documents as around 10 percent of policies do not cover heating oil.
This issue has grown in importance as the cost of oil has risen so much. Abbey National figures show that the price of oil has pretty much doubled since January, making it an interesting potential opportunity for potential thieves.