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.
A study by Zurich Insurance has revealed that over 15 percent of property owners have had to get proper tradesmen in after struggling to do it themselves.
The biggest reason these people had for going down the DIY route was saving money, with a third of people citing this reason. However Zurich Insurance found that they typical cost of making right the damage caused came to GBP280. Home insurance knowledge was a little shaky on the subject too, with almost 75 percent of people not knowing if DIY disasters would be covered.
Also regarding home insurance the Zurich Insurance survey found that nearly half the respondents would not think to inform their insurer if major improvements to the property were to be made.
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An agreement regarding flood insurance between the government and the Association of British Insurers has been supported by AA Insurance.
The agreement will ensure there is a much better understanding of the risk of flooding in different areas as well as improving the accessibility to home insurance for households on low incomes. There will also be changes to the planning system said A Insurance to ensure developments are not placed in areas where the risk of flooding is high.
A spokesman from AA Insurance said that providers of home insurance, like themselves, are well aware of the greater risk of flooding that faces the UK and are structuring their premiums accordingly. Although the premiums will be higher than previously the good news is that cover will still be provided, something that was a concern previously when it was suggested some areas would be uninsurable.
