Thursday, April 5, 2012

Inadequate Home Insurance Could Leave Homeowners High and Dry - Sacramento Bee

/PRNewswire/ --

Homeowners looking for a new home insurance policy would be wise to check that they are adequately covered should this year's predicted drought conditions lead to subsidence issues.

After an unusually dry winter, it has now been discovered that reservoirs and aquifers have fallen below their normal water levels. Seven water companies across the south and east of England have reacted by introducing hosepipe bans to prevent further water shortage. Southern Water, South East Water, Thames Water, Anglian Water, Sutton and East Surrey, Veolia Central and Veolia South East have all announced that they will enforce water restrictions from 5 April.[1]

As the ground dries out, homeowners may find that their properties will suffer movement and subsidence. Drought weather in the past has led to a jump in the number of subsidence claims on insurance.[2]

David Jackson, Director of Insurance Partnerships at comparethemarket.com, said: "By usingcomparethemarket.com for home insurance, homeowners can find the right level of cover with ease and make some great savings along the way."

Specialising in more than just home insurance, comparethemarket.com provides customers with an easy way to find the right deal on a wide range of insurance and financial products including car insurance, van insurance, bike insurance, life insurance, pet insurance and credit cards.  It also offers comparisons for a range of household utilities including electricity, gas, phone, broadband and digital TV.

[1]http://www.bbc.co.uk/news/uk-17345531

[2]http://www.thisismoney.co.uk/money/mortgageshome/article-1699181/Its-a-summer-of-subsidence.html

About comparethemarket.com

  • comparethemarket.com was launched in 2006 and has grown rapidly over the past six years to become one of the UK's leading price comparison websites.  
  • comparethemarket.com provides customers with an easy way to make the right choice for them on a wide range of products including motor, home, life, travel and pet insurance as well as utilities and money products such as, credit cards and loans.
  • comparethemarket.com actively selects its brand partners, working with the best and most trusted organisations to ensure quality service to consumers.

comparethemarket.com is a trading name of BISL Limited.  BISL Limited is authorised and regulated by the Financial Services Authority. Registered Address: Pegasus House, Bakewell Road, Orton Southgate, Peterborough, PE2 6YS. Registered in England number 3231094.

SOURCE comparethemarket.com

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