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In a recent study undertaken by Tescocompare it was revealed that a little less than two-thirds (64 per cent) of Britons made the decision to opt with their current home and contents insurance provider when they last had to renew their premium. Such a high number comes in spite of almost 44 per cent of People facing a rise in the cost of their house insurance policy. Furthermore, it was shown around four million of such people have witnessed their premiums go up at a faster rate than that of inflation. Meanwhile, the price comparison website announced that with the average home insurance policy costing 283 pounds, had those approaching their insurance policy renewal decided to switch for a more competitively-priced plan then they would have collectively saved some 26 million pounds. The Tescocompare study also indicated that only just over a fifth (22 per cent) of people questioned who were facing a price increase above the rate of inflation considered switching supplier. Out of these consumers, only eight per cent found that they could not get the same level of cover for less money. On top of paying out higher amounts of cash than is necessary for a home insurance policy, it could be possible that people find that they are developing difficulties in managing additional constraints on their expenditure. Such areas may well include credit and store cards, loans, mortgage repayments and domestic bills. Additionally, it could be possible that a large number of people are willing to place themselves under additional financial pressures. Of those that decided to remain with their provider, nearly half feel that they were given a long enough amount of time to find an alternative supplier ahead of being hit with a price supplement although they eventually ended up staying put. Paul Baxter, spokesperson for Tescocompare, said "The message behind this research is clear - many millions sleepwalk through their insurance renewal allowing their insurer to increase premiums unchallenged. Regardless of how loyal you are to your current home and contents insurer - you should shop around at each renewal to make sure you get the cheapest and most appropriate insurance for you." For those consumers seeking to carry out repairs to their property or purchase major domestic items - refrigerators, sofas and ovens for example - taking out a cheap loan might be a recommended course of action. The additional financial assistance that a cheap loan brings may also assist borrowers to take out a comprehensive home insurance policy which is also competitively priced to make sure that such items are covered. A loan could also be of help for consumers wishing to insure their pets. In a new study carried out Sainsbury's Finance shown that 11 million People do not have cover for their cat or dog, with around 4.6 million of such consumers believing such a premium is not important. However, should consumers not have insurance for their animal they may have to dip into their pockets should their four-legged friend fall ill, with the typical bill for vet treatment shown to cost about 300 pounds. Article Source: http://www.articlewheel.com
Mark Dawson writes for Loan-Arrangers .co.uk where visitors can compare loans online. Then apply for one of our consolidation loans or bad credit loans.
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