BIBA urges homeowners to read the clause before purchasing Home Insurance

Posted: August 31st, 2010

Home Insurance is often bought as an afterthought and, in most cases, the homeowners are not aware of the clauses that come with the insurance. For example, many homeowners do not know that home insurance policies have differing occupancy clauses that stipulate the number of days that the property can be empty.

Talking about this, the technical and corporate affairs executive of British Insurance Brokers’ Association (BIBA), Graeme Trudgill, said that people are totally unaware of the clauses of home insurance and that they will have to seek expert advice before purchasing it. Many homeowners find about these clauses at the end and then too they have no idea how to extend their occupancy.

Commenting about this, Graeme Trudgill said, “Lots of people don’t get advice. They just go online, find the cheapest thing and click ‘buy’. BIBA is concerned that people are just buying online without reading the terms of the policy.”

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This entry was posted on Tuesday, August 31st, 2010 at 5:10 pm and is filed under Bridging Finance . You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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