Anorak News | Over-The-Odds Home Insurance

Over-The-Odds Home Insurance

by | 16th, May 2007

HOME insurance may make us all sleep a little bit better at night, but new research by the Post Office is sure to give us all a wake up call.

According to the Post Office, over eight million homeowners are paying too much for their home insurance, with the overall national figure overpaid reaching at least £1 billion.

The survey found that one in ten thought it was compulsory to buy their mortgage lender’s insurance while one third were convinced that their mortgage would be at risk if they shopped around and bought elsewhere.
The Post Office also claim that over 60% of homeowners could save £90 by switching insurance and a further 10 per cent up to £173.

However they failed to explain why they lose so many of our bloody letters.

Posted: 16th, May 2007 | In: Money Comment | TrackBack | Permalink