Storm prevention 'better than cure' for secured loans holders - Loans - News - Moneyfacts


Storm prevention 'better than cure' for secured loans holders

Storm prevention 'better than cure' for secured loans holders

Category: Loans

Updated: 31/10/2008
First Published: 23/10/2008

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Secured loans holders have been urged to ensure their homes have adequate protection from the possibility of storm damage.

Insurance company esure warned that severe gales have been forecast this week by the Met Office and advised that steps should be taken to minimise the effects on property.

These include replacing or repairing damaged roof tiles, as well as having a tree surgeon see to any branches that look unsafe.

Head of risk and underwriting at esure home insurance Mike Pickard explained that the weather is "seemingly breaking new records each year", adding: "It's not just the storms in the financial market that homeowners should be thinking about at the moment."

The firm noted that £350 million worth of damage was caused by the Kyrill storm last year.

Last week Zurich found that two-thirds of homeowners feel unprepared for flooding, while 44 per cent do not know if their home insurance policies would cover such an event.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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