Latest Posts

Does Your Home Insurance Cover Your Home-Based Business?

December 10, 2018 12:56 pm

If you are running a business out of your home, don’t make the mistake of assuming that you can use your home insurance to cover you. Many people make this mistake and put themselves at risk by not purchasing commercial insurance. In actuality, most businesses, from selling online to wedding planning, require business insurance. A high proportion of small business ventures are based in peoples’ homes and are under-insured. Some business owners do not find out what coverage they actually need until an incident happens, and they find that their policy does not pay out. This is because the reality...

Cyber Attacked Ranked The Most Worrying Threat Facing Senior Managers.

December 3, 2018 1:58 pm

More than half the respondents said data loss, breaches or risks associated with the EU’s new General Data Protection Regulation (GDPR) are “very” or “extremely” concerning. Exactly half said cyber-attacks are just as worrying, with the number of public companies experiencing a significant attack or data loss increasing from 30% to 51% this year. Joanna Page, head of insurance litigation at Allen & Overy, which co-produced the research, warned that it was more important than ever for managers to know their responsibilities were. “For the first time, we see concerns dominated by the threats of cyber-attack and data loss – fears that...

Surgeon ‘Faked Burglary At £1.1m Country Home To Claim £180,000 Insurance Pay-Out

November 19, 2018 1:56 pm

A surgeon told the police that a cottage he was renting on a country house estate had been burgled so that he could make a fraudulent £180,000 insurance claim, a jury heard this week. Anthony McGrath and his GP wife Anne-Louise were allegedly up to their necks in debt and hoped that lying about a burglary would raise the funds needed to renovate their new £1.1 million pound home, it was alleged. The Irish surgeon claimed that valuable antiques, jewellery and a 19th century marble fireplace had been taken, but the police became suspicious because of an absence of clues. Detectives were said to...

Beat The Freeze

November 5, 2018 1:55 pm

The Association of British Insurers urges people to take action to prevent frozen and burst pipes this winter. After the worst period of burst pipes on record plagued the UK earlier this year, and with the first lot of arctic winds already sweeping across the UK – the Association of British insurers is reminding property owners not to get caught out by the misery of frozen and burst pipes. The cost and inconvenience caused by a burst pipe can be considerable. Just a small rupture can release gallons of water, damaging plaster, carpets and other contents. If that isn’t bad...

Insuring Your Rental Property Correctly.

October 22, 2018 1:54 pm

There have been a number of stories in recent months about how landlords have suffered costly damage to their rental properties and have not been covered by their insurance policies. Such stories highlight the importance of carefully scrutinising what is and isn’t covered in your landlord’s insurance policy. Following an argument, an angry tenant left his property owner with £17,000 worth of damage. The destruction included abusive graffiti, animal faeces and vandalised fixtures and fittings, which the Blackpool landlord believed may have been caused by intentionally breeding dogs in a ‘makeshift cot’. The landlord was not fully covered, as his...

Homeowners Opting to Improve Rather Then Move.

October 8, 2018 1:52 pm

Research suggests applications for home improvement projects have risen as prices – and the costs of moving home increase. The number of planning applications submitted for home improvements has jumped by 26% across Britain, research from Halifax Insurance shows. The figures, which cover the years between 2012 and 2016 and are sourced from local authority data, indicates more people may be choosing to spruce up their existing property rather than move. Home movers face continuing price rises while at the higher end of the market a sharp hike in stamp duty has sharply increased the cost of transactions – largely...

Is Your House of Multiple Occupancy Insured Correctly?

September 24, 2018 1:49 pm

From 1 October in England, mandatory licensing is changing and The Licensing of Houses in Multiple Occupation (England) Order 2018 will replace the 2006 order of the same name. The 3 storeys element is being removed meaning that any HMO occupied by 5 or more individuals (not all related to one another) will require an HMO licence. The licence must be applied for before 1 October 2018 in order to lawfully continue renting out the property. In addition to mandatory licensing, a local authority can designate specified areas as being subject to additional licensing (where any HMO requires a licence regardless of occupiers and...

Home Insurance Customers Penalised for Loyalty

September 10, 2018 11:00 am

Which found that the average new customer to a policy would pay £195, whereas a continuing customer on the same building and contents policy would pay an average of £270 over the same time period, an average increase of 37%. The problem scales – the longer a customer stays with a firm, the larger the gap between what they pay and what a new customer would pay.  For instance, if a homeowner stays with a company for 20 years, it is estimated that on average they will pay double that of a customer in their first year on the same...

Cracking summer: UK insurers expect rise in subsidence claims

August 27, 2018 12:00 pm

Several big-name insurers have said subsidence incidents are up 20% on this time last year. Insurers are bracing themselves for a spike in subsidence claims after this summer’s heatwave led to cracks appearing in walls across south-east England. Several big-name insurers have reported that subsidence incidents are up 20% on this time last year. The fear is that that those returning from holidays will see fresh damage and in September there will be an influx of substantial claims. Heather Smith, the managing director of LV’s general insurance business, said: “Homes across the UK have certainly been suffering as a result...

Devastated family whose house burned down on New Year’s Day dealt second blow as insurers say policy is void

August 13, 2018 10:56 am

The Andrews family woke up on New Year’s Day to find their Somerset home engulfed in flames A family whose home was ravaged by fire on New Year’s Day have been dealt a second devastating blow after their insurance company declared their policy void. Carey Andrews lives at Syles Farm in Henstridge Marsh, Somerset with her mother Gaynor Pearson and her brother Theodore. So far 2018 has not been an easy year for the family. They woke up on January 1 to find their precious home – where they have lived since 1993 – engulfed in flames. Although fire crews extinguished the blaze the...