For many of us, it is difficult to believe that in this day and age there are families within the UK that are struggling to afford even the most basic insurance protection for their homes. As the UK also continues to feel the effect of the current economic climate, more and more low income families in the UK are finding it increasingly difficult to pay for their home insurance.
The Home Office released alarming statistics with figures showing 56% of the UK’s poorest families do not have home insurance. Furthermore, these low income households actually face a higher risk of being burgled than the national average – statistics indicate they have a 71% chance of being burgled.
Whilst the insurance industry recognizes the need to provide further support to these families, the high risk of burglary in these areas forces underwriters to increase the cost of premiums for people living in many of these communities.
The Home Secretary, Jacqui Smith, held a top level summit meeting on March 10, 2009 with the leading insurance industry leaders to discuss how to combat the take up of home insurance amongst Britain’s poorest families.
Initial suggestions include making improvements to home security in order to reduce premiums and thereby open up insurance access to these individuals.
At Quotesearcher we would echo these sentiments as improving home security is an excellent way of reducing your home insurance premium.
If you’re interested in improving the security of your home, consider the following:
Ensure that your home is properly secured when you leave it. This sounds obvious, but take the time to ensure that all windows are closed and doors are locked. Many burglars are opportunists, so if your home looks secure they may be deterred.
Take reasonable precautions to secure your home. For example, if your property can be accessed from the rear or side via a gate invest in a sturdy padlock so you’re not making it easy for potential burglars to access your home.
Invest in secure locks for your home, and have a qualified locksmith install them.Key security considerations should include: Deadlocks to doors, secure locks to windows and secure window shutters.
Here at Quotesearcher we’re also committed to providing our customers with the very best deals on home insurance. First and foremost, we’d always recommend that people shop around to make sure that they get the best deal for them. So rather than simply renewing your home insurance with your current provider why not view the latest deals from our partners and get a competitive home insurance quote today.
You’ve nothing to lose, and you could save money – something which is front of mind for all of us right now!
Insurance Times, 26/3/09