Home insurance

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Home insurance
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3.5 Rise in the Cost of Home Insurance, Reveals
Consumer Intelligence

• One of the not so pleasant surprises for the
  people of UK is that home insurance prices get a
  boost again! Confirmed by the Consumer
  Intelligence, there is a 3.5 rise in the annual
  cost of home insurance in the UK. This
  year-on-year increase brings the average annual
  home insurance premium to 123. This is especially
  more surprising as there is a drop in inflation,
  which reduced from 1 to 0.9.

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• This rise in the cost of insurance is blamed on
  the increase in government taxes even though low
  premiums were offered due to the ever increasing
  competition between home insurance providers. Due
  to the stiff competition between home insurers,
  the average best buy prices are 9 lower than
  what they were in February 2014. Knowing that the
  cost of home insurance has not reached its
  highest peak may come up as a relief for most
  home owners.
• When statistics were studied regionally, it was
  found that Eastern England had the highest rise
  in home insurance prices. Here, the insurance got
  a 6.6 boost which was closely followed by Wales
  with a 5.6 increase in the insurance cost. The
  least affected people were those living in the
  South East where they have to pay just 1.8 more
  for insuring their homes.

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• When we look at different age groups, it is easy
  to see that people over-50s are paying the
  highest premiums with an average of 131. As
  opposed to this, people who are below 50 years of
  age need to pay 119. In addition, people over-50s
  face higher price rises which is around 4.1 when
  compared to 3 paid by people under-50s. This can
  be accounted to the fact that people over-50s
  have bigger and lavish houses when compared to
  the youth. It can also be due to the fact that
  people over-50s live in older houses, which
  demand more maintenance and hence higher
  premiums.
• How about you? Do you feel that your premiums
  should be lower? Well, then you can easily use
  home insurance comparison tool to cross-check
  your payments.

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For More Details on Home insurance

• https//www.bajajallianz.com/Corp/property-insuran
  ce/home-insurance.jsp