The Post Office Highlights the Value of Home Insurance as the Cost of Fire Damage Soars

The Post Office Highlights the Value of Home Insurance as the Cost of Fire Damage Soars

London, UK (PRWeb UK) February 6, 2010

Recent research by the Association of British Insurers has reported that the cost of fire damage in the UK is now higher than ever before. In light of these findings, the Post Office advises homeowners to ensure they take out adequate home insurance to cover valued possessions against fire.

During the first half of 2009, insurers paid out £639m due to fire damage, whilst the cost of the average domestic fire claim doubled to £8,000 in the last decade. In response, the Post Office is encouraging people to review their current home insurance policy to ensure any recent purchases, such as new electrical goods or furniture, are covered by their current levels of contents insurance.

Post Office Home Insurance advises homeowners to check specific home insurance cover levels are still appropriate to cover all fixtures, fittings and furnishings around the house. It is also worth considering the actual value of replacing all items in the home – including clothes in the wardrobe – when revisiting home insurance cover, to ensure everything could be replaced should a disaster such as a fire or flooding occur.


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Comparison of Personal Finance Products Easier Than Ever on

Comparison of Personal Finance Products Easier Than Ever on

Chicago, IL (PRWEB) September 8, 2010

Personal finance has been the main focus of for a long time now. The website, which has been aggregating offers and providing resources to help consumers save money on monthly expenses for nearly a decade, recently enhanced much of the comparison functionality on the site.

The recent improvements make it easier than ever for visitors to compare credit cards, mortgage refinance rates and savings accounts. Comparison charts are available for all three products and searches can be easily refined to meet the specific needs of an individual visitor.

“Being able to compare products in a clear and easy manner is extremely important when it comes to personal finance products and services,” said Matt Mills, President of Knowlogic. “That is why we put so much focus on providing comparison charts that are both concise and comprehensive.”

In addition to banking, credit cards and loans, also recently enriched the insurance section of the website, making it easier to compare home insurance, car insurance, life insurance and business insurance. Visitors can now search by ZIP code or state to find insurance providers that will provide no-obligation quotes.

Visitors can then compare the insurance rate quotes and utilize the multitude of resources available on to ensure that their next personal finance decision will be a knowledgeable one.

“We are constantly working to refine the comparison process, so that finding the right financial product is as simple and straightforward as possible,” Mills said.

About is website focused on helping visitors make good decisions in the arena of personal finance. has been helping consumers save money on monthly expenses since 2002.

About Knowlogic

Knowlogic, Inc. is an online media company focused on connecting consumers and knowledge. The company operates and maintains several websites devoted to this task, of which is the core brand.

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LV= Warns of

LV= Warns of £264m Repair Bill for Alcohol-Fuelled Home Accidents

Croydon, London (PRWEB) July 28, 2010

LV= is warning that accidents caused by Brits drinking and partying at home this summer is predicted to leave UK homeowners with a total repair bill of £264 million*.

New research by LV= home insurance ( ) suggests that the explosive combination of the football world cup and hot weather has fuelled a boom in alcohol-related accidents, as Brits increasingly hold parties at home. Based on last year’s breakages, 73,000 TV/computer/games console accidents, 686,000 stains on carpets, and 955,500 breakages have already happened this summer.

Of last year’s accidents 56% admitted that alcohol was involved and 31% stated the guest who did the damage was ‘quite drunk’ when the accident happened. A further 44% admitted they were ‘a bit tipsy’ at the time. The most common accident was broken glass or crockery (29%), followed by spillages causing damage to furniture (22%) or stained and damaged carpets (20%).

LV= ( ) is warning homeowners to ensure they opt for accidental damage cover as part of their home contents insurance ( ), so that if any serous mishaps occur they are not left out of pocket paying to put the damage right.

According to the LV= survey, 19% of Brits expects to entertain more this summer than last year, with the average household hosting three gatherings over the season. The hot summer appears to be making Brits more likely to open their doors to friends, with 49% citing the weather as a major reason to celebrate at home.

The wave of sporting events this summer is also encouraging 12% of Brits to entertain more, while 5% claim that a TV event like an X-Factor final spurs them to plan a party. Around one in seven parties (15%) ends in some sort of damage caused either by the host or an over-enthusiastic guest.

The research findings echo internal home insurance claims ( ) data from LV=, which shows that homes suffer more accidental damage over the summer months than at any other time of the year.

John O’Roarke, managing director of LV= home insurance, said: “Everyone enjoys having get-togethers at home and the hot weather is a great excuse for a party. But our research shows that having friends over can often result in accidents, and we see thousands of insurance claims each year for problems like red wine spillages on carpets. We are therefore warning homeowners to ensure they have accidental damage cover as part of their home buildings and contents insurance ( ), so that they’re protected in the event of anyone celebrating too enthusiastically.”

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Notes to Editors:

In 2009 11% of Brits had accidents while entertaining in the home. If 11% of Brits have accidents this summer while entertaining = 5.3m. 56% admitted drink played a role in accident = 2.97m with average cost of £89 per head, or a collective total of £264,330,000.

All research unless otherwise specified was conducted by Opinium Research. Opinium carried out an online survey of 2,015 UK adults aged 18+ from 22 to 25 June 2010. Results have been weighted to nationally representative criteria.

UK adult population = 49,121,000 (population projections by ONS, 2010).

About LV=:

LV= is a registered trade mark of Liverpool Victoria Friendly Society Limited (LVFS) and a trading style of the Liverpool Victoria group of companies.

LV= employs over 4,000 people, serves over 3.8m customers and members, and manages around £9.5bn on their behalf.

Liverpool Victoria Insurance Company Limited, registered in England and Wales number 3232514, is authorised and regulated by the Financial Services Authority, register number 202965. Registered address is: County Gates, Bournemouth BH1 2NF. Tel: 01202 292333

For further information, please contact:

Emma Banks


69 Park Lane



0208 256 6714


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