Home insurance costs have fallen for 18 months in a row, but insurance companies are preparing for a flood of bad weather expected claims in a bad winter.
Britain is already cleaning up in the wake of St Storm Jew who killed a trail of damage and four people.
The concern is more storms will follow, and that many areas of flooding, the claims of millions of pounds will trigger are immersed.
Insurers stated prices fall, as the number and value of the left claims fall, but a few weeks of storms could undo it drops.
According to the AA, the cost of buildings has been reduced by 0.8% in the last three months by 5.8% on average £ 129.44 per year for the 12 months to 30 September 2013.
At £ 69.28 per year - the envelope has seen a similar decline in prices. This is a decrease of 1.8% in the 3rd quarter of 2013 and 3.8% over the previous year.
Combined policy provides buildings and contents cover now cost an average of £ 127.86, the trend of a reduction of 1.7% in Q3 and 6.6% for the year.
The AA Simon Douglas, said: "We are in a highly competitive market and interest rate cuts are still made, but in the longer term could cause major flooding, for example, sharp premium increases, especially for buildings.
"This is what happened after the flood of 2007. Otherwise, I believe that home premium will continue to be a good value for money."
Douglas also said the insurer concerned about a new agreement between insurance companies and the government flood insurance coverage to deliver goods to stores.
The old agreement, which expired in June, offered coverage for companies, but not the new pact.
"The proposed measures appear to be complex and difficult for insurers. There is also controversial exclusions as small businesses with Bed & Breakfast rooms, built after all, also homes for their owners and exclusion of properties after 2009," he said.
We have already discussed the completion of the life insurance to protect your mortgage but have you considered what would happen if you were to die, and other debts in place, such as loans and credit cards? How would it be money back?
if you are considering paying arranging life cover all the debts you may wish to seek independent financial advice
You certainly would not want to leave charged with the liabilities your family if you die?
Today, the amount of unsecured debt of many people can significantly with them often totaling tens of thousands of pounds. It would be an interesting exercise, if you were to make a list of all your debt and total the amount you owe.
If you were the main breadwinner in the family and to die, how would your partner be able to be delete this debt? Does your employer death in service benefit and it is sufficient to erase not only your family but also all debts?
If there is no death benefit in the service, only so much life cover in place to clear the mortgage and you do not organize any type of protective cover with the debt, you might consider arranging additional life insurance to pay off the other liabilities. This would offer your partner in peace you should die so that they do not burdened with debt. For the rounds could come to be hard enough without having to worry about your credit card and personal loan commitments.
Likewise, if your partner has no debt in addition to mortgage, they have every form of life insurance arranged to meet them? Even if they do not work, but at home are looking after the children surely it would be a good idea to ensure that you do not have to worry about the repayment of loans, etc. If the partner die.
In relation to the above, you might want to consider an independent financial advice. With so many different types of life insurance available, such as whole life, level term and decreasing term insurance
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