The UK Insurance Blog

In an interesting article called “Cut this and you could be struck by lightning!” about how household insurance can save your life, a few myths have been finally laid to rest.

Just say a big thunderstorm happens and your house has been struck by lightning, would your insurance cover the damage or not? Popular opinion is that no, you wouldn’t be covered. Why is this? A common misperception is that we are not protected against so called ‘acts of God’. Not a comforting thought in the light of the crazy weather we are all experiencing in the UK.

Here and now, this is to confirm that insurance companies do protect against extremes of nature such as earthquakes, floods and gale force winds.

The article states that anyone leaving their house uninsured during this time of extreme weather is neglecting their most valuable asset. Insanity! Insurance companies appreciate we are living in times of extreme weather and offer packages taking this into account.

Sadly one in ten homeowners (about 2 million people) do not have buildings insurance and nearly five million take the risk of not taking out contents insurance.

During the aftermath of last year’s floods across parts of the UK, over a quarter of homes flooded were not covered by insurance. Sadly, it is a sign of the times that people are willing to fore-sake insurance to save money. Those floods, if nothing else, helped us to realise how vital and fundamental insurance is. If you do some shopping around, buildings and contents insurance can cost as little as 50p a day, just over the price of a Mars bar.

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