More Than 1/3rd Of UK Homes Are Uninsured
September 21, 2008 by admin · Leave a Comment
Despite a second consecutive summer of floods across Wales, Northern Ireland and the West Country, more than 33 percent of UK homes remain uninsured.
Home insurance has never been more important for the 10 per cent of all British households that have a serious risk of flooding however, recent research carried out has revealed that some have little or no cover.
Research carried out by “Fair Investment” revealed that men are less likely to take out a home insurance policy than women. The statistics show that on average just 57 per cent of men have home insurance, whereas, 64 per cent of women have taken steps to protect their homes against events like flooding.
Norwich Union Goes Price Comparison Site Free
September 19, 2008 by admin · Leave a Comment
In what seems to be a new trend, started by “direct line”, the UK’s largest insurer, Norwich Union has also decided to stop advertising its insurance products on price comparison websites.
Currently “price comparison websites” are a widely used, advertised and profitable cluster of websites that allow consumers to quickly and easily access and compare a range of financial services.
However, these aggregators, which allow users to rank products according to particular criteria such as price, have been criticised recently by Which? the consumer watchdog.
Dealers Fined Over PPI Scheme
August 17, 2008 by admin · Leave a Comment
In the UK, five motor car dealers have been fined a total of £175,000 over the way they sold PPI schemes (payment protection insurance).
The FSA found that the failings had exposed 2,175 customers to the risk of being sold policies that were unsuitable.
The regulator has taken action against Chesterfield-based GK Group, George White Motors, Ringways Garages and Park’s of Hamilton, which all sold PPI alongside loans for cars or motorbikes.
