Sainsbury’s Home Insurance is bracing itself for a spike in claims now that the festive season is over. Christmas and New Year can prove costly for insurance companies, with figures suggesting that over £25 million could be paid out in Jan 2010. Last year, in the first week of Jan, the number of claims handled by Sainsbury’s was more than a third higher than a normal week and the amount paid out per claim was higher on average too by about one sixth.
All sorts of reasons have been advanced for the increase in claims. If homeowners are entertaining on Christmas Day, Boxing Day or New Year’s Eve their freezers can be stacked to the gills and if a power cut strikes the costs of ruined food can easily run into hundreds of pounds.
10 Jan
Posted by: Admin in: Uncategorized
As FEMA continues to update its flood maps nationwide, it seems that some Southern California residents will now be affected.
According to recent reports, tens of thousands of residents in the area will be forced to purchase flood insurance because their areas are now viewed as risky.
According to the Associated Press, the Federal Emergency Management Agency (FEMA) has informed homeowners in over 150 cities and unincorporated areas in Southern California that they must now purchase flood insurance since their homes are located in the new map’s flood zones.