The UK Insurance Blog

As our towns and cities once again are flooded, a recent article “More than 1/3 of Brits do not have home insurance, despite an increased risk of flooding” in Fair Investment, reveals some surprising results about British homeowners. That even in the face of homes in Britain being absolutely devastated by floods, insurance is not a priority in some households.

You would think the incidences of flooding happening all over the country would be enough to push those currently uninsured to look into acquiring home insurance. Why do we then find that a third of the general public do not feel a need for insurance. What is happening here? The article delves a bit deeper.

With ten per cent of houses up and down the UK at serious risk of flooding (equivalent to up to £214 billion worth of property, assets and land, it comes as a shock to discover that nearly forty per cent of those questioned do not have any house insurance. Breaking it down even further, it was then discovered that men are far less likely than women to purchase house insurance. Only fifty seven per cent of men have house insurance while 64% of women do.

The people at Fair Investment suggest that in this age of frequent flooding and inadequate flood defences that we should all take out home insurance to protect us in the future. Even in these tough financial times, insurance should never be overlooked when flooding could happen to anybody.

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What with the new university terms set to start, the article “Freshers’ week means rich pickings for burglars” couldn’t be better timed. It is about time students had some help protecting their belongings, they will certainly have their hands full in the weeks ahead.

Shockingly, one in three students will become a victim of the dreaded ubiquitous burglar, which is all the more reason for security to be upped and contents insurance to be in place. Burglars see students at rich pickings on account of their bountiful possessions. Let’s face it, students accumulate expensive gadgets like there’s no tomorrow!

Saga Insurance have a free ‘Student Survival’ guide book to help students help themselves as well as offering really handy contents packages. The most important feature it offers is that windows and doors in student digs are checked for security which is the main point of entry for thieves as well as other ways to drastically reduce the occurrence of burglary.

The people at Saga have, if you have a contents package with them, added on to your insurance package a student appendage offering up to £3,500 protection for your children’s valuable possessions. This will entitle you to cover when possessions are in transit as well as at the new students accommodation. What will definitely appeal is that downloaded music and items of a digital content are also protected.

Before you move in permanently to your new student accommodation, check out the security of the building looking out for security lights, locks and burglar alarms. Marking all belongings with a UV marker is highly recommended as well as lights on timer switches (to give the impression you are home) and getting your student possession insurance in place.

According to a recent article, “Quarter of pet owners have insurance” pet insurance is on the up! Never has the going been so good in the field of pet insurance and things are expected to improve further still, according to ‘Datamonitor’.

Why is pet insurance on the rise? There is an opinion that pet insurance is much more accessible than it once was. It is possible that customer were not even aware that it existed to the degree people acknowledge it today. Everybody has heard about pet insurance and people can see the benefits especially thanks to the rising costs of vet services. Technological advances in the pet medical sector are becoming more sophisticated and cost more than people are able to afford to pay.

One the most rapidly growing of all insurance markets, pet insurance is currently worth £440 million with a potential to grow to £700 million in five years.

The nation loves its pets and will go all out to provide what is necessary.