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Bleak news for Home Insurance pricing
DullGreyGuy
Posts: 18,613 Forumite
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
Not looking forward to my renewal now.
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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