Home and car insurers set to pay out BIG for storm damage
February’s adverse weather conditions are set to hit insurers in the pocket.
We had storms coming out of our ears in February: we had Ciara, then we had Dennis - you were half expecting Nora to come to the party by the end of it - and the havoc and devastation they caused was widespread.
The insurance industry estimate that once all the damage done to homes, property and vehicles is taken into account, the total bill for damage could stretch to more than £360 million.
Insurers are expected to pay out £214 million to homeowners and businesses harmed by the damage, according to the Association of British Insurers.
Half of that figure is the £107 million paid out for flood damage to domestic homes, with an average claim of £32,000 per household.
Motor insurance is set to prove less costly, with 3,600 claims at an average cost of £600 apiece totalling £21.7 million.
The rest of the figure will comprise of wind damage and business claims.
If you suffered in the adverse weather conditions and have yet to inform your insurer, it could be worth considering your options.
If you’re looking to get the best home and car insurance, head to A Spokesman Said and search for the biggest deals for you.
Here at A Spokesman Said we love fighting for your rights and believe fervently in natural justice.
But these battles cost us money. You could help us fund these fights by using our price comparison site, A Spokesman Said for your energy, car insurance and household bills.
We’re just the same as Go Compare or any other price comparison site, so you won’t be losing out in any way - by helping us, you will be helping yourself.
Thank you for your support.
When did you last switch your home insurance provider?
We compare prices from the big brands, so you save money