11 Sep

Home insurance "will give peace of mind"

Home insurance "will give peace of mind"

Knowing they have home insurance will give peace of mind to those people who are unfortunate enough to have to make a claim, one industry expert has asserted.

Andrew Lowe, head of Direct Line Home Insurance, which launched in the UK in April 1985, said that despite reduced claims, people should not cut back on home insurance cover as it is an essential purchase.

His comments follow the publication of new research by Sainsbury's Home Insurance, which reveals that 373,000 claims were made in the first six months of the year, compared to 527,000 in the first half of 2008.

"Direct Line has seen a fall in the number of home insurance claims in the past year, which is mainly due to fewer claims for storm-related damage being made," stated Mr Lowe.

The news comes after the Association of British Insurers recently reported that 22 per cent of people had either cancelled or not renewed their home insurance in the last year.
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