Homeowners drying out after the bad weather are still facing higher insurance premiums as the government and insurers argue over watering down a flood protection deal.
The scheme – Flood Re – was due to start in the summer of 2015, but both sides have spent years bickering over who pays for what and the rows are still continuing. Continue reading
Car insurance is about to get cheaper as insurers can check out driver convictions online from March 2014.
The Association of British Insurers (ABI) reckons the new database will shave up to £15 off the cost of car insurance by letting firms tackle fraud by looking at endorsements drivers may have for speeding and other traffic offences. Continue reading
One insurance firm is so confident about predicting claims for the year ahead that they have produced a calendar warning drivers and homeowners of the troubles ahead.
The forecast comes from analysing a decade of claims data by insurance giant Aviva. Continue reading
Landlord buy to let insurance prices are set to rise as a new flood insurance deal struck between insurers and the government is likely to exclude rented out homes.
The insurance agreement – Flood Re – is aimed at making sure homeowners in flood risk zones can still pick up affordable cover. Continue reading
Drivers ended 2013 with cheap car insurance as prices tumbled 9% over the year, according to industry statistics.
The figures were released by trade body the Association of British Insurers (ABI), which tracks the cost of comprehensive car insurance policies across around 90% of the industry. The survey found: Continue reading
The next generation of black box technology for cars will take proving a driver’s talent behind the wheel up a gear.
Instead of just tracking where a vehicle is and how the driver brakes, accelerates and corners, the new smart box will reconstruct an accident in seconds. Continue reading
If you don’t want to bump up your insurance premiums, don’t ring your insurer for advice. Not many customers have heard about the dreaded Claims and Underwriting Exchange (CUE), but if they have any insurance, their details will be logged. Continue reading
Car insurance companies are inflating repair and car hire costs that are adding up to £200 million a year to the cost of cover for drivers each year. An investigation by the Competition Commission revealed that insurers over-egg the no-fault claims procedure for motorists. Continue reading
Black box in-car technology is gaining in popularity and nearly a fifth of all drivers are considering a switch when their car insurance comes up for renewal.
Only 4% of drivers have the technology fitted, but the lure of cheaper car insurance for safe drivers is proving irresistible to many. The findings come from an independent survey by research firm Consumer Intelligence. Continue reading
Thousands of amateur landlords are failing tenants by ignoring their legal obligations to keep buy to let homes safe, claims a leading insurance firm. The research focused on accidental landlords – property owners who moved on and rented out their former home because they were unable to sell. Continue reading