We Are a Name, Not Just a Policy Number ; Different Lifestyles and Interests Mean That 'One-Size-Fits- All'household Insurance Policies Are No Longer Relevant

Summary

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BOOMING household wealth and different lifestyles mean that finding the right home insurance isn't as straightforward as it used to be. The type of home you live in, your interests and possessions all influence the cover you need.

A large number of homeowners need something more individual than a standard policy. Graeme Trudgill, technical executive at the British Insurance Brokers' Association, says: 'Up to a quarter of householders have insurance requirements beyond the average. When you analyse big events, such as floods, you find that about one in four claimants do not have enough insurance for the possessions in their home, or they have gaps in their cover.'

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Extract

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We Are a Name, Not Just a Policy Number ; Different Lifestyles and Interests Mean That 'One-Size-Fits- All'household Insurance Policies Are No Longer Relevant

Being willing to pay a little extra for insurance with more generous policy limits or wider coverage can save thousands of pounds and a lot of heartache when making a claim.

Financial Mail highlights the circumstances when you need cover that is a cut above the average:

DISTINCTIVE HOMES AND HOUSE IMPROVEMENTS

UNDERWRITERS like to put properti...

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