Analyst expects homeowners' insurance claims to top GBP30m

Tue, 23 Jan 2007

Those with homeowners' insurance will make claims worth a total of more than £30 billion following the recent storm damage, it has been claimed.

Thousands of properties across the country were affected directly or indirectly by the storms which hit the UK on January 18th 2007, in which some gusts of wind reached up to 99 mph, according to a Met Office spokesperson.

For example, rural home insurance specialist National Farmers' Union Mutual points out that several parts of the country experienced sustained periods of power loss after electricity pylons and substations were damaged during the gusts.

This led to foods in freezers going off and milk in farm storage tanks souring, although these problems may have been covered by a specialist home insurance policy for farmers.

Richard Pilkington, claims manager at the rural home insurance provider, explained which areas were most affected.

"The most serious damage is being reported in the south-west of England, which bore the brunt of the storm," he said.

"However, for the first time in many years, we have seen storm damage right across England and Wales ."

Specialist homeowners' insurance protection from financial services providers can cover instances such as damage to farm equipment, in addition to the standard buildings and contents home insurance elements.

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