A wide range of recent reports have shown how house prices have been falling over recent months, and according to industry officials many properties have seen thousands of pounds wiped off the value following a run of house price falls over recent months. Some officials have said that house prices are now falling at the fastest pace since the early 1990s, which was when the last house price crash occurred shortly before the nation enjoyed a ten year housing boom. read more »
According to officials from the Financial Services Authority some insurance based websites that allow consumers to run price comparisons on insurance products could contain certain errors, such as outdated information or incorrect data. Over recent years an increasing number of consumers have started to use these price comparison websites to find all sorts of insurance cover, such as home, car, and pet insurance, in order to try and find the most competitive deal. read more »
Over the past few years an increasing number of us have started to use various price comparison sites in order to help us to get better deals and find the most competitive prices on a range of services and products, from utilities and financial products to insurance services and products. There are some sites that specialise in finding insurance related services for consumers, and whilst they can save you time, hassle, and even money in some cases it is also important for consumers to bear in mind that the information may not always be totally accurate. read more »
One insurance company has announced that it will now be classing the offence of driving whilst on a handheld mobile phone on the same level as careless driving, and with this in mind the cost of premiums for those found guilty of this offence are likely to rocket. The first insurance firm that has brought in the hiked up rates for those found guilty of this offence is Allianz Insurance, but it is thought that many other insurance firms are likely to quickly follow suit. read more »
A recent report has suggested that many drivers in the UK may actually be using their cars less as a result of rising related costs such as insurance cover and petrol, with changes to car tax prices from the budget also likely to impact on affordability for drivers in the future. Industry officials claim that rising costs such as these are pushing drivers off the road, as many simply cannot afford the costs that are associated with keeping a car on the road. read more »
According to a recent report around 25% of motorists in Britain could be invalidating their insurance cover by lying on their applications. Around a quarter of drivers have admitted to lying on their applications for UK car insurance, and this could mean that many could find that their insurance is invalid if they try to claim and the lie is discovered. The research was carried out by insurance.co.uk, which found that around 26% of drivers had falsified information on their applications. read more »
A recent report has shown that since Labour came into power the fines imposed on uninsured drivers by courts have fallen by over 20%, and courts are now being slated for being too soft on those driving without any vehicle insurance cover. According to recent figures the fines imposed on uninsured drivers in 2005 were an average of £177 whereas in 1997 the fine was an average of £224. The figures come from the Home Office. read more »
For many years younger drivers have been penalised because of their age and inexperience when it comes to getting car insurance, and for many younger drivers the cost of cover can be crippling. In fact, some younger drivers are unable to afford to get a car, not because of the cost of the actual vehicle but because of the added cost of the insurance cover. Although insurance cover for younger drivers does tend to be more expensive, this takes into account the higher risk of accidents as well the driver’s lack of experienced. read more »
One of the major issues that have raised concern across the UK over recent months is that of personal data security, with many people concerned over the risk of identity theft and fraud. This matter has not been helped by the wide range of incidents that have taken place over recent months in relation to the loss of personal data, with government agencies, financial institutions, and other companies admitting to massive losses pf personal data in some cases. read more »
According to a recent report there has been a sharp rise in the level of building insurance related complaints. Turbulent weather has been blamed for the rise in building insurance related complaints, which have risen by a third according to figures relating to the number of complaints made to the Financial Ombudsman Service. Recent bad weather has included the tremendous storms from last summer, a tornado that hit late last year, and also more recent stormy weather. read more »
