Home Insurance Rates In Northern Ireland
|
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 McGonigalNorthern 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.
|
|
|
Finding Life Insurance Quotes For Adult Children
Shopping for life insurance quotes for adult children isn't any different than it is for adults or seniors. Underwriting issues can vary a little but essentially life insurance quotes for adult children follows the same routine.Where we do see a difference is in qualifying. Some companies don't allow you to buy more than (2) times what the adult parent has, other companies may use other multiples. Underwriting also considers the premium paying capabilities of the person being insured and etc.A certain amount of caution exists when companies receive applications for children. A simple explanation on the back of the application will normally set everyone at ease. Being a advocate of carrying insurance myself I bought a liufe policy on my 12 year old son simple to get him started at an early age and lock in his rates forever. It als...(related: Insurance)
What Is Meant By Automobile Insurance Standard Coverage?
Automobile insurance standard coverage is the basic amount of insurance coverage that is required by law in order for an individual to legally operate a motorized vehicle. You can simply it even further with the blanket statement as being the mandatory amount of auto insurance coverage a driver must possess.The most important part of anyone's car insurance policy is the liability coverage. This coverage protects the consumer against the cost of damages and injury that is a direct result of that same consumer if they are the cause of a vehicular accident. For instance if you're driving down the road and accidentally run into another person's car this insurance coverage will pay for the damages that result due to the accident.The liability co...(related: Insurance)
Why Boat Insurance Doesnt Help A Lousy Sailor
For thousands of years men have sailed the seas. From the earliest trips by the discoverers and settlers of the Americas, Australia and the Pacific Island...(related: Insurance)
Homeowners Insurance Coverage
When deciding on the appropriate amount of homeowner's insurance coverage you must first determine the projected replacement cost of your home. Then you must choose the coverage amount that suits your ne...(related: Insurance)
Mortgage Life Insurance
Owning a home is a dream for most of us, although it is an expensive one. The monthly payments usually take up a big slice of our monthly income, and the sudden loss in the event of you or your spouse's early death may leave your survivors unable to make payments. To make your family is protected from financial hardship, consider Pick-a-Term Mortgage Protection insurance.Pick-a-Term M...(related: Insurance)
Term Life Insurance Help
Life insurance can be a very scary thing. If you buy insurance when you're 30, but don't die until you're 90, chances are you're going to come out on the loosing end of insurance. ...(related: Insurance)
Homeowners Insurance Coverage
When deciding on the appropriate amount of homeowner's insurance coverage you must first determine the projected replacement cost of your home. Then you must choose the coverage amount that suits your ne...(related: Insurance)
Life Insurance Leads, Insurance Leads, And The Online Lead Generation Business
I've long wanted to write an article about Internet Leads (Life Insurance Leads, Health Insurance Leads, Homeowner's Insurance Leads, etc) and why they are a waste of money, time, and a drain on the Insurance Industry. Thank you ezinearticles for this powerful resource in communication!Insurance Agents all over the USA are getting solicitations every single day for one new lead program or another. The newest scam is Internet Insurance leads. Internet leads or leads generated on the Internet are 90% bogus junk?a diamond in the rough (in the forum of a good lead) occurs about once every 20 leads. That's roughly $400 to get to that good lead ? not to mention the biggest expense, labor and time spent on the other 19 leads.Where are these companies going wrong, then, with their lead generation? Why don't these l...(related: Insurance)
Need A Car Insurance Comparison? Dont Have Time?
If you decide not to do a car insurance comparison and simply renew your insurance at the same rate, you could be paying away needless amounts of your hard-earned money. By doing a car insurance comparison, you could get a cheaper rate than what you are presently paying.A car insurance comparison rate is quite easy to do from home on your computer. This way you don't have to spend time during the day contacting the various insurance companies during their business hours. You can sit down at any time of the night and do the car insurance comparison yourself by requesting free quotes from the various online ...(related: Insurance)
site-map - Copyright © 2006 Insurance | All Rights Reserved. | Insurance