Home insurance January sale launched by Direct Line

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Insurance provider, Direct Line, has unveiled plans to launch a January sale on its home insurance policies this week. So if you’re looking to re-evaluate your outgoings and streamline your spending ready for the New Year, Direct Line are offering some highly competitive deals on their home insurance packages to help you cut back your spending in 2012.

Direct Line say their January sale on home cover is geared towards helping customers who are looking to cut back on their spending after Christmas. After an expensive festive season, many of us will be looking to get our finances in order in January, and home insurance is a big part of that, and so Direct Line hope to offer their customers a head start with their New Year budgeting with the introduction of their reduced home insurance rates.

As part of the January sale at Direct Line, new customers taking out a home insurance policy with be eligible to receive an introductory discount of 30% off their home cover, while customers will be able to take advantage of a further discount of 20% by purchasing their insurance policy online with Direct Line, please see the insurers main website for further details.

The Direct Line January sale will be supported by the launch of new TV adverts airing from this week.

Home insurance for the wealthy launched by Debrett’s

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The authority on all matters of etiquette, Debrett’s, has revealed plans to launch a high end home insurance policy designed specifically for customers with property and contents worth more than the average.

Debrett’s will offer both home and contents cover with a team of experts who will assist each of their clients in order to tailor their policies to suit their exact needs. Anyone with home contents worth more than £75,000 can take out a policy with Debrett’s, the provider aims to offer comprehensive cover for items which are both unique and expensive.

If the worst does happen and these valuables are lost or stolen, Debrett’s will provide a designated team member to assist the client in helping to track down replacement items. Upon taking out a home insurance policy of any kind with Debrett’s, the customer will be allocated their own personal account manager who will be their point of reference each time they contact the provider.

The new comprehensive buildings cover from Debrett’s is available for anyone with property worth more than £1 million, with statistics revealing that some 135,000 properties in the UK have an estimated worth in this region and will therefore be eligible to take out a policy with Debrett’s.

If you’re looking for premium home insurance, take a look at the latest property insurance product on the market, courtesy of Debrett’s.

Brits miss out on £1.5 billion every year by not shopping around for insurance

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Brits are losing out on a whopping £1.5 billion every year it has been revealed by failing to shop around for car and home insurance.

It seems most of us are happy to accept the hike in insurance premiums every year, as opposed to taking time out to look for a cheaper deal. However taking the seemingly easy route of accepting the hike in premiums is costing UK policyholders dear as Virgin Money estimates they are losing £1.5 billion annually.

According to Virgin Money’s study, we’re willing to accept a rise in insurance premiums of 8.13% annually before we look around for a better deal. UK policyholders will accept an increase on all forms of insurance cover from home insurance, home contents, and car insurance.

45% of people admitted that they never shopped around for any type of insurance, instead choosing to accept to the first quote they receive. The 55% of people who did look around other insurers before accepting a deal were found to spend on average 5 and a half hours researching other insurance providers and collecting quotes before signing up to a policy.

However with the growing popularity of price comparison websites, insurance experts say customers should utilise these services to shop around for quotes as this allows people to compare a wide range of quotes in one go.

UK home owners collectively waste £937 million a year on home insurance

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A recent survey conducted by moneysupermarket.com found that the average home owner in the UK is losing £132 a year, which works out as £937 million collectively, by simply letting their home insurance renew without shopping around to get a cheaper deal.

29% of those who took part in the survey said they let their insurance policy renew automatically with 15% saying they didn’t believe they’d be able to find a better deal elsewhere. Another common reason for not searching out a better deal was that people didn’t have time, or couldn’t be bothered.

On average homeowners in the UK stay with the same insurance provider for 3 years with 48% revealing that they’ve not switched companies in the last 2 years. 1 in 10 homeowners however, have stayed with the same insurer for the last 10 years.

With the introduction of insurance comparison websites it’s never been easier to shop around and compare the cost of insurance with a range of different providers. If each homeowner in the country did this each year, they would have on average, an extra £132 in their pocket.

Although many people enjoy the ease of letting their home insurance policy renew automatically, insurance experts warn it’s a hefty price to pay for convenience.