--- title: Is Our Money Really Safe date: 2007-10-02T00:00:00+01:00 author: Ellie Kyle canonical_url: "https://www.assetsure.com/homes/home-insurance/is-our-money-really-safe/" section: News --- Our Customers Love Us! Home Insurance [Trustpilot](https://uk.trustpilot.com/review/assetsure.com) ### Get a Quote [Get Quote](https://intasure.com/home-insurance/?introducer=59999022) [Home](/) › [Property Insurance](https://www.assetsure.com/homes/) › [Home Insurance](https://www.assetsure.com/homes/home-insurance/) › [Is Our Money Really Safe](https://www.assetsure.com/homes/home-insurance/is-our-money-really-safe/) # 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”. Things went from bad to worse yesterday when the chancellor of the exchequer, Alistair Darling admitted promising only to guarantee the first £35,000 of savings held in British Bank accounts. This is opposed to the £100,000 he originally first suggested. At the present moment only the first £2,000 is fully protected, then 90% of the next £33,000. Under the new proposal consumers would only see an extra £3,300 of their money protected. Mr Darling is in a process of overhauling the limits applicable under the Financial Services Compensation scheme which has been brought about by the Northern Rock situation. In the insurance industry anyone that trade’s contract has to be registered by the FSA and has to contribute a levy to the scheme. It will be interesting to see how Mr Darling intends to pay for this extra guarantee. At the present moment homeowners are already under pressure with the threat of increased [home insurance](/home-insurance-quote/ "Home Insurance Quote") costs as a result of bad weather claims, the last thing they need is more pressure caused caused by higher compliance costs. The Association of British Insurers have also calculated that by raising the threshold to their suggested level of £30,000 would be enough to cover 98% of savers in The United Kingdom. They are also worried that by lifting the level to anything higher that this may encourage people to overlook investment products. At a time when the UK insurance industry is trying to persuade people to look for investments other than buying property, everything possible must be done to make more traditional forms of investments look as safe and inviting as possible.Savers too are worried by the effect of raising the compensation barrier, many believe that it will result in lower interest rates as the cost of compliance is met. Still you can’t have it always, ultimately protection has to be paid for. But on the whole, the general feeling is that money on deposit and that paid in to insurance premiums is fairly safe. The United Kingdom has a good record with the holding of client funds and our compliance systems, although sometimes fairly bureaucratic are the envy of a good number of other countries. ## Latest News & Advice [![Dealing with Woodworm and Dry Rot](/assets/uploads/images/_800x405_crop_center-center_none/assetsure-banner-plain.jpg)](https://www.assetsure.com/homes/home-insurance/woodworm-dry-rot/) ### [Dealing with Woodworm and Dry Rot](https://www.assetsure.com/homes/home-insurance/woodworm-dry-rot/) Woodworm, Dry Rot and Wet Rot. One of the most costly maintenance problems for homeowners is woodworm, dry rot and wet rot. If left untreated it can huge amounts of damage to the interior of your home. There are treatments and remedies to prevent it’s spread and to eliminate the problem it becomes critical. Woodworm is most commonly caused by the furniture beetle which leave larvae boreholes inside the major woodwork elements of a property. These area include the roof timbers, joists, staircase and floorboards. Woodworm can also infest ordinary household furniture causing a home insurance claim problem.... [![Types Door Window Locks](/assets/uploads/images/_800x405_crop_center-center_none/window-lock-news-banner.webp)](https://www.assetsure.com/homes/home-insurance/types-door-window-locks/) ### [Types Door Window Locks](https://www.assetsure.com/homes/home-insurance/types-door-window-locks/) Types of Door and Window Locks – when purchasing a home insurance policy, you may find that your insurance company want you to have certain security measures in force at your property. These should be studied most carefully as without the correct protection being in force, you may find your cover compromised in the event of a claim. For most people, this involves having good quality door and window locks. Good physical security at your property, will be of a far greater benefit in deterring Theft than having an alarm fitted, but not being a lock expert, have do you discover if you have the correct locks fitted at your home?... [![Subsidence Structural Problems](/assets/uploads/images/_800x405_crop_center-center_none/assetsure-banner-plain.jpg)](https://www.assetsure.com/homes/home-insurance/subsidence-structural-problems/) ### [Subsidence Structural Problems](https://www.assetsure.com/homes/home-insurance/subsidence-structural-problems/) Preventing or Dealing with Subsidence and Structural Problems.Whilst subsidence is usually covered by a building insurance policy, it is definitely something that you do not want to happen at your property if at all possible. Claims for subsidence can be on the large side ( hence the reason for the standard policy excess being £1000) and even if the building is repaired by the insurance company, you may find that’s in the future, insurance is harder to source ( and possibly more expensive) and the market value of the property and it’s marketability may also diminish... [More News](https://assetsure.com/news) ## Why choose our specialist insurance cover? ### Home Insurance from Assetsure Our Home Insurance can provide cover for your Buildings, Contents and Personal Effects. Monthly payments available ### Legal Assistance as Standard All our policies include Legal assistance as standard up to £50,000 This offer Legal protection for problems relating to employment, contracts, property and personal injury etc. ### Home Emergency as Standard All our policies cover Home Emergency as standard up to £500. this offers protection against unexpected events such as the failure of your main heating system, blockage of drains or failure of your domestic gas or electricity supply ### £1,000,000 Cover for Buildings We automatically provide you with £1,000,000 cover for rebuilding cost of your property, ideal if you are unsure of your re-building cost. ### Excellent service offered We like to offer all our customers a first class service, which is backed up by our Trust pilot ratings. We are open 6 days a week to assist you with your enquiries. ### Instant cover and policies Most of our policies you can now buy online and receive instant documentation. 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