News

Home insurance premiums predicted to fall by 5% in 2014

04/02/14

Surprisingly, despite Britain’s rather chaotic weather in 2013 – ranging from a thick blanket of snow in January, freezing conditions into late March and then, more recently, a series of floods – the number of claims made by householders against their insurance policies actually fell by a quarter compared to 2012.

The good news is that experts are now predicting that this will result in a drop in the cost of insurance premiums for building and contents insurance in 2014. Of course, the cynics amongst us might argue that householders have been reluctant to make a claim against their policies for fear that their insurance provider will then raise their premium.

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