Home insurance Updated:
Homeowners have been warned to prepare their properties for winter or risk seeing their home insurance claims turned down as being invalid.
As the temperature starts to drop, M&S Money said there has been a 200% rise in the number of home insurance claims caused by wintry weather over the last three years.
The total cost of repairing the damage caused, from both insured and uninsured homes, exceeds £600 million per year.
However, while many homeowners will have sufficient home insurance to cover the cost of damages, around a third of households could find that their policies will not pay out.
The most obvious problem is that there is no home insurance policy in place.
There is, however, also the chance of the claim being classed as invalid as a result of a lack of basic maintenance.
The research revealed that the most common damage during the winter season is caused by wind.
Although the average cost to repair storm damage is nearly £600, some claims run into tens of thousands of pounds.
In the last couple of years, however, snow and heavy rain has also created havoc for homeowners.
Burst pipes have become an increasingly common problem due to the harshness of the last couple of winters, while chimney fires are also a regular occurrence.
"We recommend homeowners make time over the next couple of weeks to check their homes are in a good state of repair and ready for winter," said Fleur Carruthers, home insurance manager at M&S Money.
"Carrying out basic maintenance can prevent damage from occurring, and should the worst happen, ensure a claim is valid."
If you need to review your home insurance policy, or perhaps you're looking to purchase it for the first time, some excellent deals are available at present.
Up to 30% can be saved on Nationwide Home Insurance when buildings and contents cover is bought together – Nationwide customers get an extra 15% off too.
Significant savings can also be made just by using a comparison tool such as that offered by our partner BeatthatQuote.com.
After you have completed one short form, they compare the premiums offered by their panel of insurers to find the best quote for you which can then be purchased online in minutes.
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