Insurance tax hike hits millions of policyholders

June 9th, 2017

Millions of homeowners and businesses have been hammered by another tax hike as Insurance Premium Tax (IPT) climbs to 12%. The changes came into effect at the beginning of June and mean that the tax charged on most insurance products has doubled from 6% in 2015 and is now estimated to net the treasury £7billion a year. Read the rest of this entry »

Are you sure your shed is insured?

April 26th, 2017

Once upon a time the humble shed was a neglected garden outpost, rarely visited and home to a handful of rusting tools. Today’s sheds are a completely different story, they can be things of splendour and they’re often packed with hundreds of pounds’ worth of gardening gizmos. Read the rest of this entry »

Homes at risk of flooding enjoy affordable insurance

April 20th, 2017

This month Flood Re celebrates its first birthday and it’s been a busy year. If you haven’t heard of Flood Re it’s a government backed scheme aimed at helping homeowners at risk of flooding find affordable insurance. Flood Re has been a real success story underpinning 130,000 home insurance policies in its first 12 months of life. Read the rest of this entry »

How to avoid unwittingly invalidating your home insurance

March 24th, 2017

It’s often said that knowledge is power and when it comes to home insurance it really does pay to know exactly where you stand. Take time to read the small print and you’ll enjoy the peace of mind that you and your property are completely covered. Take special note of the points below that are often overlooked by homeowners: Read the rest of this entry »

How home insurance could help you defend your legal rights

March 17th, 2017

In the not too distant past a job was for life, but the world of work is changing, and today people regularly switch jobs. A recent study revealed that the average Briton will undertake six different roles in six different companies throughout their career. And the greater number of jobs someone holds; the greater the chances of being involved in an employment dispute. Read the rest of this entry »

Top five overseas holiday home hotspots

February 28th, 2017

Don’t be put off by Brexit; there are still plenty of financially sound reasons to invest in a holiday home in Europe. Stick to the fundamental rules of getting a good property in a great location and there are serious returns for the savvy investor.

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UK holiday home insurance FAQ

February 22nd, 2017

Finding the right insurance for your holiday home can leave you feeling like you need a well-earned break. The big aggregator websites haven’t yet mustered the computing power to compare policies online and that means hours of ringing around to find the best quote. However, with help from Quoteline Direct we can find the right policy at the right price; and that’s guaranteed. Read the rest of this entry »

Insurers get prepared for winter floods

December 15th, 2016

business-flood-insurance-imageLast winter’s floods devastated communities and cost insurers £1.3billion in claims. In preparation for possible wet weather ahead the insurance industry has 5,000 workers on standby ready to handle calls about claims and provide practical advice on the ground.

 

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Insurance Premium Tax Doubles in Just Two Years

December 6th, 2016

ipt-taxIt’s bad news for motorists as The Chancellor of the Exchequer announced yet another Insurance Premium Tax (IPT) hike in the autumn statement. IPT was raised from 6% to 9.5% in the summer of 2015 and again to 10% in autumn this year. The latest tax hike will come into effect next summer where IPT will be set at 12%. Put another way that means IPT has doubled in two years and is now a long way from the 2.5% originally levied back in 1994. Read the rest of this entry »

How to prevent freezing and burst pipes

November 24th, 2016

frozen-tapAfter last year’s unseasonably mild winter, and the warmest summer on record, it’s easy to forget that the mercury regularly drops below zero during the winter months. The Met Office has predicted that an arctic blast will cause ‘below average’ temperatures in the coming months and insurers are urging households to prepare for the worst. Read the rest of this entry »