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Bleak news for Home Insurance pricing

DullGreyGuy

DullGreyGuy Posts: 18,613 Forumite

10,000 Posts

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16 April 2024 at 11:05AM in Insurance & life assurance

https://www.abi.org.uk/news/news-articles/2024/4/weather-damage-insurance-claims-worst-on-record/

Worst weather on record resulting in £13m per day being payed out in claims

Compared to 2022

Weather related claims up 36%
Theft claims value up 15%
Non-weather-related water damage value (e.g. water leaks) up 20%
Accidental damage claims value up 11%

Not looking forward to my renewal now.

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