Tightening the Belt and Heightening the Risk

Nearly three years on from the September we all remember, there can now be no one left in Britain who is unaware of the fact: we are STILL in a recession. True, we no longer hear the phrase “credit crunch” in every other news bulletin, but Britain remains still in the clutches of economic difficulty. Money is indeed a sensitive issue, with 1 in 3 Britons currently living beyond their means. (and politicians living on the taxpayers’ means), and the vast majority have decided that a regime of spend-less-save-more is perhaps appropriate.

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So what does that mean for Average Joe living at number 1 Run-of-the-mill Street? Well, it means a less extravagant Christmas for him, the wife and the kids. It means a holiday in Cornwall rather than in Tenerife. It means cutting down on some of the luxuries and focusing on the essentials. What it may also mean is neglecting to renew his house or contents insurance this year Belt and Road.

With flooding in Britain becoming more and more frequent, and a rising number of snow-related difficulties for the average home-owner, house and contents insurance can save a lot of hassle and money. For the Briton who falls prey to heavy snow, and finds their car damaged by ice, or their television aerial fallen to the ground, the relevant insurance policy can prevent the molehill turning into a mountain.

November 2009 saw what American news referred to as ‘biblical’ flooding in Britain, and the town of Cockermouth in Cumbria saw military helicopters fly in to rescue the stranded from their homes. Hundreds of homes were severely damaged, and cars were swept away by the sheer force of the water pouring through the streets. I’m sure the residents of Cockermouth had other things on their minds at the time, but I can only hope those affected were sufficiently covered by their insurance policies.

Flooding and snow are just two forms of extreme weather that Britain has to learn to cope with. Climate statistics from the past 10 years have seen flooding in Britain become more and more frequent, and the winters of 2008/09, 2009/10 and certainly 2010/11 have seen heavier snow settle than Britain has seen in years. Sky news reported a total damage cost of £1billion in the December of 2010 alone. Whilst we can come to expect a certain level of inconvenience from the weather, no one can predict the impact this will have on our homes, our cars and our pockets. Missing work for a day because the roads are icy does, granted, take away a day’s earnings. Not renewing your contents insurance and seeing your street turn into a river will cost a great deal more.

In these unpredictable times, it is important to take the precautions that you can to ensure the safety of your home and your family. A house that is not sufficiently insured may cost a fair amount, but by neglecting your insurance, you can be sure that the cost will be greater if flooding and snow are to haunt us.

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