|
|
|
|
|
|
|
|
|
|
|
A recent survey took the most popular type of home in the UK, the three-bed semi, and compared the quotes given by insurance companies for different postcodes around the country. Northern Ireland came in top for buildings cover with an average of £119.
The premiums are affected by such variables as the amount of subsidence in the area, and the size and rebuild costs of the house. Some policies were based on the number of bedrooms in the house, but there is also the issue of the cost of rebuilding, which vary due to local construction standards, the cost of labour and the availability and cost of materials. When buildings and contents cover are assed together for a three-bed semi all over the UK, the cheapest average is in Lisnaskea in Northern Ireland, which has an average premium of £223. Compare this to the rather down-at-heel suburb of West Norwood in South-east London, where the number of burglaries and the cost of rebuilding adds up to combined buildings and content cover of £702, and you see how cheap insurance is in Northern Ireland!
Another initiative which has helped people in Northern Ireland insure their home has been the Northern Ireland Tenants Action Project (NITAP), which aimed to make it more affordable and simple for housing executive and housing association tenants to insure their personal possessions. This had been difficult before. Anyone who regularly gets home insurance in the UK will know that many insurance companies put a minimum on the amount that you can insure with contents cover of, say £20,000. This is strange, because not many people have contents worth that amount. What this means is that you are insuring yourself for an amount you don't need to be covered for, which raises your premiums.
The consequences of this are that many people on low incomes are choosing not to insure their personal possessions and household goods. Tenants claim that the minimum cover demanded by insurers cause high premiums. The scheme set up in Northern Ireland, means that those on low and fixed incomes can insure their personal possessions for as little as 80p a week, whether or not the total value of their possessions falls below the typical requirements for these policies.
Tenants over 60 can insure their possessions for sums as low as £6,000. For others, the minimum is £9,000. This means that the average premium for tenants in Northern Ireland is £75 a year. Also, instead of paying premiums in advance, Northern Ireland tenants can pay fortnightly in many different ways. They can pay at any post office, with a personalised swipe card through Girobank. Also, monthly direct debit can be used, but you get a discount for annual payments.
George McGonigal Northern Ireland Insurance Centre
George is webmaster of an online insurance resource for Northern Ireland homeowners and motorists. We bring under one roof insurers who cover Northern Ireland that can offer online quotations to allow our visitors to compare rates in the comfort of their own homes.Home Insurance Northern Ireland: Compare insurance quotes online. Buildings and Contents Insurance Northern Ireland: Compare insurance quotes online.
Wind Chimes and more... In order to save money on your homeowners insurance you... Read More There are two different types of life insurance, term life... Read More UK car insurance companies make substantial profits every year because... Read More Auto insurance rates will vary depending on the insurance agency,... Read More If you're planning an overseas trip, you need travel health... Read More It has become increasingly difficult to get young driver car... Read More A couple months ago you were toolin' on down the... Read More You may have noticed that life insurance is coming back... Read More If you are in the market to purchase your own... Read More Farmers auto insurance is a very large insurance company that... Read More A person needs to reexamine their life insurance needs every... Read More Health insurance is something that everyone needs today. The rising... Read More Auto Insurance rates are a complicated business. Have you ever... Read More Disability income insurance can cover you in the event of... Read More Did you realize that it could cost you more than... Read More There are many factors that affect the insurance rate you... Read More It's very easy to find California truck insurance on the... Read More The are many scary things in this world. Buying insurance... Read More Here is a useful guide to car insurance. Buying car... Read More A Bed and Breakfast, often referred to as a B&B,... Read More You and I. M. Strong, the adjuster from Granite Mountain... Read More When deciding on the appropriate amount of homeowner's insurance coverage... Read More You can pay as you talk with a cell phone... Read More My whinstone house my castle is, I have my own... Read More There are 6 different types of homeowners insurance in general... Read More
Windchimes
for great gifts!
How To Save Money On Your Homeowners Insurance?
What Is Term Life Insurance?
Dont Just Accept Your Car Insurance Renewal Quote
Auto Insurance Rates
Travel Health Insurance - Understand the Benefits
Young Driver Car Insurance
Insurance Claim: Collecting Your Lost Wages
Life Insurance, the Universe, and Everything
Health Insurance And Insurance Brokers
Why Bother With Farmers Auto Insurance?
The Need For Life Insurance
Health Insurance Coverage
Who Sets Auto Insurance Rates?
Disability Income Insurance Can Meet All Your Financial Needs
Consequences of Late Insurance Payments
State Farm Auto Insurance ? Heres A Few Factors That Determine Your Rate
Finding California Truck Insurance
Tips for First Time Insurance Buyers
Guide to Car Insurance
Insurance for Those Who Run Bed and Breakfast Properties
How To Negotiate A Settlement With An Insurance Claims Adjuster
Homeowners Insurance Coverage
New Concepts in Car Insurance - Pay as You Drive
Home Insurance: Premium Protection In Case Mishap Takes A Rain Check
Types of Homeowner Insurance
As you probably know all to well, the cost of... Read More
Adequate life insurance to cover your income producing ability is... Read More
Home insurance, or even homeowners insurance, is an insurance policy... Read More
Risk ManagementAlternate Risk Transfer is a fancy way of saying... Read More
Thousands of people have work related commitments and in order... Read More
Do the premiums just seem to get higher and higher... Read More
Listed below is a useful guide to life insurance terms.... Read More
This article is written by a 27 year old female... Read More
Shopping for health insurance can be very discouraging when you... Read More
The are many scary things in this world. Buying insurance... Read More
Whether you are looking for car insurance in Canada, the... Read More
Since 2001, major health insurance providers have been allowing consumers... Read More
Since there are many factors that go into determining your... Read More
Life Insurance Companies differ in their "underwriting philosophy" when it... Read More
What exactly is Term Life Insurance?Term life is a form... Read More
When you originally purchased your auto insurance policy, you purchased... Read More
Which type of policy is best for you, term or... Read More
It is now possible to thoroughly research and buy health... Read More
Your friendly, neighborhood life insurance agent is most likely to... Read More
When delving deeper into the market-driven research on the myriads... Read More
Auto insurance is an agreement between you and your insurance... Read More
Lets face it, finding the best home insurance price quote... Read More
When I was a lad, some 25 years ago, the... Read More
Why Private Medical Insurance Is Becoming So PopularRecent research indicates... Read More
The biggest worry of most parents today is their children... Read More
Insurance |