2010 was the coldest years and the worst for the majority of British Insurers. Bad weather has caused losses and damages in the number of places in England. Other European countries, Argentina, Chile and Canada have suffered due to extreme weather conditions last year, too. Presumably that last year was very difficult and unpredictable throughout the world. It should be noted, however, in December 2010 was the coldest month and harder in 100 years the United Kingdom.
This fact brings negative consequences for holders of insurance and for insurers. One of the largest insurance companies in Denmark have already paid £ 255 000 000 insurance claims than normal. "It was a year of time," Andy Haste, RSA CEO admitted. RSA had to pay 8,000 claims against burst pipes at an average of £ 6700, 5,500 requests from other also related to snow and frost and responded to 19,000 emergency calls from the winter cold does not just claim against the owner insurance or homeowner's insurance, but also against drivers or liability. Last year will certainly bring a lot less energy for several insurance companies because they must still pay a high insurance bill. Association of British Insurers found that the insurance industry currently pay £ 7 million per day for a single pipe of the shower.
As mentioned above, except that insurance companies were bad weather, in addition to policyholders. In cases where the houses are insured, regardless of whether that is the difference between the contents or buildings insurance amounts, when an event occurs, the insured may be eligible to claim burglary. But it is not the only problem the owners insurance. Many insurance companies look to the future for fear of a huge number of claims incurred million pounds. Growing concern for insurers to increase premium rates, which are already in the fourth quarter grew by a further 8%. Moreover, the allegations before me of property, is often considered a greater risk of business for most insurance companies. Therefore, in itself lead to inflated premiums for an average additional 10% to 30%. In some cases, double payments. This means that insurance prospects and may soon see insurance premiums rise sharply.
For those looking for less expensive premiums to provide services, shopping around can be a good solution. Here, Rentguard, we can always provide a comprehensive, coverage at competitive prices. However, we should all recognize that the unpredictable, extreme weather conditions can affect the size of the market badly.
