Home insurance price increase of 50%. Any ideas why?

DullGreyGuy

TELLIT01 said:

Really just thinking out loud, but could one of the reasons for the increase be the insurers expecting properties to be unoccupied more now as Covid restrictions are gone.  More people going away on holiday?

Its a double edged sword... more time away from property means an increase in theft claims and EoW claims tend to be more expensive but on the flipside you see a drop in accidental damage claims... people go on holiday rather than spend the weekend DIYing and dropping cans of paint etc

moneysaver128

Increased premiums could be because one or two properties in your street or block of flats had claims (even small claims).