Are higher home excesses killing smaller claims?

home-property-management

After Verisk saw a 17% increase in the average home insurance claims cost, due to a decline in the number of low-value claims submitted by policyholders, Scott McGee asks: what is causing customers to stop submitting small claims?

Home insurance has seen a tough time for the last few years, similar to that of motor insurance but maybe not so much of a prominent news story.

For example, the government has not set up a workforce

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Government to consult on leasehold commission ban

In a written statement published yesterday, the Minister of State for Housing, Communities and Local Government has said the government “will go out to consultation very shortly on the detail of the Act’s ban on buildings insurance remuneration”.

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