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Home insurance

Insure your house and property online with Bajaj Allianz Home Insurance. Cover your home and its contents with the My Home Insurance All Risk Cover

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Home insurance

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  1. Home insurance

  2. 3.5% Rise in the Cost of Home Insurance, Reveals Consumer Intelligence • One of the not so pleasant surprises for the people of UK is that home insurance prices get a boost again! Confirmed by the Consumer Intelligence, there is a 3.5% rise in the annual cost of home insurance in the UK. This year-on-year increase brings the average annual home insurance premium to 123. This is especially more surprising as there is a drop in inflation, which reduced from 1% to 0.9%.

  3. This rise in the cost of insurance is blamed on the increase in government taxes even though low premiums were offered due to the ever increasing competition between home insurance providers. Due to the stiff competition between home insurers, the average best buy prices are 9% lower than what they were in February 2014. Knowing that the cost of home insurance has not reached its highest peak may come up as a relief for most home owners. • When statistics were studied regionally, it was found that Eastern England had the highest rise in home insurance prices. Here, the insurance got a 6.6% boost which was closely followed by Wales with a 5.6% increase in the insurance cost. The least affected people were those living in the South East where they have to pay just 1.8% more for insuring their homes.

  4. When we look at different age groups, it is easy to see that people over-50s are paying the highest premiums with an average of 131. As opposed to this, people who are below 50 years of age need to pay 119. In addition, people over-50s face higher price rises which is around 4.1% when compared to 3% paid by people under-50s. This can be accounted to the fact that people over-50s have bigger and lavish houses when compared to the youth. It can also be due to the fact that people over-50s live in older houses, which demand more maintenance and hence higher premiums. • How about you? Do you feel that your premiums should be lower? Well, then you can easily use home insurance comparison tool to cross-check your payments.

  5. Follow Us On: https://www.facebook.com/BajajAllianz http://www.linkedin.com/company/653474 https://plus.google.com/+BajajAllianzGIC/posts https://twitter.com/BajajAllianz https://www.youtube.com/user/BajajAllianzGIC https://instagram.com/bajajallianzgeneral/

  6. For More Details on Home insurance • https://www.bajajallianz.com/Corp/property-insurance/home-insurance.jsp

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