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Home insurance premiums to keep rising in ‘difficult year’

Elmore

Insurers are attempting to stem persistent losses on their underwriting The post Home insurance premiums to keep rising in ‘difficult year’ appeared first on Elmore Insurance Brokers.

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How the Climate Crisis is Impacting the UK Property Insurance Market

Property Insurance Centre

The insurance industry has had to adjust premiums to reflect this growing risk. By mid-2024, the average cost of home insurance had risen by 19% compared to 2023, with flood-prone areas facing even steeper increases​ CityAM.

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Do I have the right lock for my insurance?

Property Insurance Centre

Insurers will not always insist on having all of these protections, however, it may reduce their risk and in turn reduce your premium. We have access to a large panel of insurers where we can find cover that is not overpriced and tailored to your requirements.

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Understanding Commercial Flood Insurance in the United Kingdom

Property Insurance Centre

Regional Variations and Challenges The availability and cost of flood insurance often depend on geographical risk factors. Areas with a history of flooding typically face higher premiums or reduced access to coverage. These tools consider: Flood Zones: Proximity to rivers, coasts, or floodplains.

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Why can’t I get insurance?

Property Insurance Centre

These are just some of the excuses we hear of from the question of, “ Why can’t I get insurance ?” ” or can’t get the insurance you deserve for that matter – insurance with reasonable premiums and without unnecessary restrictions.

Insurer 52
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Cornershop Insurance and BT Redcare Alarm changes

Property Insurance Centre

Corner Shop Insurance and BT Redcare Alarm changes Business Owners who have corner shop insurance are all to aware of the benefits an appropriate intruder alarm system will have, both in relation to their insurance premiums (or in being given an insurance policy at all in some cases) and to the physical security of their goods.

Insured 52
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Empty Office Insurance

Property Insurance Centre

However, if it goes more long term the insurers can at worst pull cover entirely leaving you to search the market for an alternative, or perhaps apply more stringent conditions and charge a rather large additional premium – usually refundable on a pro-rata basis, assuming you are able to let the property out again!

Insurer 52