15 Mar

Weather 'causes rise in property insurance claims'

Weather 'causes rise in property insurance claims'

More homeowners across the UK, potentially including those with distinctive properties in Norfolk, have been making insurance claims as a result of the bad weather.

This is according to Steve Foulsham, technical services manager for the British Insurance Brokers' Association, who said that the winter months have precipitated an increase in such activity.

He made his comments after the release of figures produced by the Association of British Insurers, which revealed that cover providers shelled out around £255 million to homes and firms for property damage during December 2009 and the first month of this year.

Much of this was a result of burst water pipes caused by the freezing temperatures.

Mr Foulsham stated that due to the number of claims made, premiums may rise.

He went on to remark: "Insurers will be looking at their bottom line in terms of underwriting performance and ... we could well see rates rising."
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