With National Bike Week about to begin cyclists are being reminded by the Halifax to make their bikes safe and secure.
Not quite gone in sixty seconds, but every sixty-five seconds a bicycle is stolen in the UK and the average replacement cost is nearly GBP340. With this in mind the Halifax is offering a few suggestions to cyclists on how to make their bike more secure. One of the most obvious ones, though not always done, is to use a secure lock and always use bike parking racks where possible.
Halifax home insurance will cover the value of a bicycle, but it is far better to keep an existing bike than have to face losing it. By using better security techniques cyclists can certainly help make it harder for thieves.
According to a recent survey conducted by Santander over 40% of homeowners who took out a home insurance policy did not read their insurance agreement before taking out a policy.Homeowners that do not read the full terms and conditions of the contract run the risk of being under insured, as they are not fully aware of what their insurance cover actually covers.Research has shown that some policyholders who thought that they were covered for a particular level of coverage like accidental damage, were in fact not covered at all, and face the expensive task of replacing the items at their own expense. This of course could have been avoided had they read the level of cover included on their insurance policy. All homeowners want the best level of cover at the cheapest price for buildings insurance and contents insurance, but they must check to see that the cover meets their insurance needs before taking out a policy. Not all policies are the same and that is why it is so important to read the terms and conditions very carefully making sure that it does in fact meet the right level of cover to protect their home and their possessions.See our home insurance comparison table for more information or our guides and tips pages.
The Halifax is reminding all homeowners that they should ensure lightning cover is part of their home insurance especially as summer sees more claims.
According to data from Halifax home insurance customers the average claim for lightning damage costs over GBP 1,400 and such claims are 14 times more common in the summer than winter. The thing with lightning is that it can travel through things, so as well as causing actual damage to the structure of a building it can also go through wires and affect electrical equipment and so on.
A Halifax spokesman also pointed out that lightning can not be anticipated so no one knows where it will strike. For this reason checking the home insurance policy to make sure lightning cover is included is a sensible step to take.
