Insurance News in October 2007

29th October 2007

Holiday Home Prices Fall - But we all still want a second home - the value of Brit owned holiday homes and second homes abroad has fallen by as much as 15% in the last three months. Many of Spain's second home hotspots have seen thousands of pounds wiped of their valuations, with property bordering the Mediterranean the hardest hit.

21st October 2007

Fraudulent Insurance Claims on the Increase - A recent report published by the Association of Insurers (ABI) highlighted a huge increase in the level of fraud claims in 2007, compared to previous years.

19th October 2007

Is the UK Heading for a Property Price Crash? - Second guessing the individual economic arguments for an imminent crash has become as much a black art as an economic science, particularly when ‘market confidence’ and consumer perception are factors not easily measured and understood. The main factors highlighted in the report to consider are as follows...

13th October 2007

Spanish Property Prices Fall in Holiday Home Hotspots -The European property market is seeing falls in property prices in popular hot spots like Spain, France and Bulgaria. Prices have fallen by an average of 10% in key coastal hotspots (despite an overall stagnation of prices) and investors who bought in the last year will suffer the most.

12th October 2007

Should Insurers Deny Home Insurance Cover in High Risk Flood Areas? - The UK Insurance industry recently announced that the amount of money the government has allocated in the coming years for flood defences is not enough and it may consider not providing building and contents insurance for people in high risk flood areas.

12th October 2007

UK Home Owners Warned Not be Caught Out By'Under Insurance' - Homeowners are being advised to check their home insurance policies carefully to make sure that they are not caught out  by the consequences of under insurance.  Statistics reveal that one in three British homeowners splash out on major home improvements as often as every five years but many are neglecting to check their home insurance polices or inform their insurers of the changes made.

12th October 2007

Is My Home Going to Flood? - The above question is one that has been subject to much debate up and down the country and almost every home owner wants to know the possibility that their home will flood. In previous years, UK home insurance rates have been mainly effected by the chances of your home suffering damage by subsidence (subsidence claims are usually expensive).

11th October 2007

Listed Building News Update - Plans to convert three Grade 2 listed buildings in Southampton has received controversial planning permission despite the worries of many local people. Residents were joined by local MP John Denham in objecting to plans for the New College site which was owned by Southampton University who have disposed of a the buildings for an amount in the region of 20 million pounds.

10th October 2007

Modern Housing Estates Obtain Listed Status - To most people, mention the term listed building and they will automatically think of a stately home in large grounds, however this assumption is actually quite removed from the truth, only 5% of all buildings in the United Kingdom achieve the top grade listing (Grade 1)

8th October 2007

UK Insurance Consumers changing habits - The internet is changing the way that consumers shop for UK home Insurance. Traditionally, home insurance has been purchased directly from the mortgage provider

8th October 2007

House Prices Least Affordable in 15 Years - The recent scandal involving the Northern Rock Building Society has sent shock waves through the UK banking, Insurance & Mortgage Industry and many people are now asking the question' How safe is our money".

2nd October 2007

Is Our Money Really Safe? - The recent scandal involving the Northern Rock Building Society has sent shock waves through the UK banking, Insurance & Mortgage Industry and many people are now asking the question' How safe is our money".

2nd October 2007

Loss of Healthcare threat to the Expatriate Dream - When we are knee deep in rain the United Kingdom, most of us at some point start dreaming of buying a holiday home abroad or even taking the plunge and moving abroad on a permanent basis.

2nd October 2007

Tories to scrap Home sellers packs - Universally unpopular with almost everyone apart from energy efficiency engineers and anyone that can make a living out of selling them, the Tories are doing the decent thing and promising to scrap the controversial home information packs.

1st October 2007

Stamp Duty Hits Record Levels - Beleaguered homeowners will not be pleased to hear that stamp duty in the United Kingdom has risen by over 40% in the past 12 months.. The government has cashed in on the ballooning home prices and property purchases at record levels have helped to swell, the treasury coffers.