Buildings Insurance Premiums Could Rise And Force Panic Buying
Buildings insurance premiums could rise drastically after the storms and floods which caused insurers to payout an estimated 2.5 billion in claims. This is causing worry as many homeowners could be forced into rushing out and panic buying their insurance without looking at the small print of the policy. One of the ways that consumers are conned into thinking that premiums are low is adding on a huge excess, this means that the individual would have to payout a huge sum of money before the insurance policy would kick in. Even worse some have ended up holding a policy that they cannot claim against due to the exclusions and so end up having to fork out thousands to repair the damage done by such as flooding because they never read the small print of their buildings insurance. ...
email if entered not will be shown.
Tags forbidden.