Tree subsidence danger highlighted
Homeowners are being warned about the potential subsidence dangers caused by planting trees too close to their homes.According to Halifax Home Insurance, planting trees too close to homes accounts for the majority of subsidence claims dealt with by insurers.In extreme cases, subsidence can cause major structural damage to homes, however paying special attention to the trees and vegetation around a property can go a long way towards reducing the risk of a subsidence problem."When people plant trees they plant them as young saplings in the garden and obviously they are going to prove no problem whatsoever till after a good number of years," Neil Curling, spokesperson for Halifax Home Insurance said."Regardless of whether the present incumbents stay in the house long enough they have set in motion a chain of events which can lead to subsidence."People do plant trees too close to houses and they bring about the majority of subsidence insurance claims that we face," he added.Most people are insured for subsidence in their home insurance policy, even if they planted the offending tree themselves.
London shares rally but traders want more
While shares on the UK stock market rallied by over 3 percent it seems that many traders are demanding more of the same on the subject of interest rate cuts. Indeed it has been shown in a recent survey that many traders fully expect the UK authorities to cut rates further over the next few weeks and months to try and drip feed confidence back into the markets. But will it work?
Brits urged to carry out financial detox
Britons wishing to avoid becoming "financially overweight" should conduct a financial detox of their outgoings, a UK lender has advised. According to a study conducted by Lloyds TSB, 46 per cent of Britons are financially overweight - a condition the bank says applies when their debt is much greater than their savings. Meanwhile, 12 per cent are deemed to be financially obese, a category that mean...Read More
Ferrero no longer sweet on Cadbury
Italian confectionery giant Ferrero has today formally ruled itself out a potential bid for Cadbury on the eve of the deadline for new offers. There had been reports in some financial papers that Ferrero was looking towards a joint offer with Hershey but this has now gone by the wayside leaving the way open for Kraft Foods to acquire the UK operation. The American giants now has until 2 February t...Read More
UK Flood Defence Investment In Disarray
Whether the UK insurance sector knew of the slow pace with which government investment in flood defences was progressing, or insurance companies were trying to give the authorities a wake up call it seems promises of major investment in flood defences are at least 2 years away, as they suggested. The insurance sector has already stated that many areas of the UK will be without flood insurance in...Read More
Beware the insurance pitfalls when travelling abroad
A report by InsureandGo has highlighted significant problems in the UK travel market with many services added to the cost of your travel which ultimately you may not require. The survey revealed that around 60% of holiday companies in the UK routinely add cancellation cover to the cost of their packages even though many people may not actually require this.
It was also revealed that...