About Home Insurance
Home insurance, also commonly called homeowner's insurance, is a type of property insurance that covers a private residence.
Scams impersonating financial regulator double
... The FCA said it was working with the government That would mean, for example, a salesperson could not call you to sell you any type of insurance, such as accident or Home Insurance...
Where people have to choose between food or home insurance
...By Natalie Sherman & Brandon DrenonBBC NewsAs extreme weather events multiply, Home Insurance providers in the US are rapidly raising rates - or quitting the business altogether - forcing many into severe financial distress...
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... One insurance company now provides customers with Home Insurance policies that include damage done by " falling flying objects or their debris" such as drones...
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... When Mr Satterfield s mother, Gloria - the Murdaugh s housekeeper for 20 years - died after a fall at work, Mr Murdaugh told Tony and his brother they should file a wrongful death suit against him, and that his Home Insurance would pay compensation...
Cost of living: Car insurance pushed up by paint and energy prices
... The rules state that the price paid by renewing customers for motor and Home Insurance is no greater than the price charged to an equivalent new customer for the equivalent policy bought through the same distribution channel, such as via an insurer, broker or price comparison website...
Cost of Living: People urged to heat homes safely as energy costs soar
... " Some insurance policies will make your Home Insurance null and void if your boiler has not been serviced once a year, " he said...
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... On average, consumers now pay almost four times for Home Insurance premiums than in 2004...
'Flooding meant I could only reach my home by boat'
... The funding comes from the government-backed Flood Re project, which was set up to provide affordable Home Insurance for people in flood-risk areas, which is itself paid for through a levy on UK insurers...
Scams impersonating financial regulator double
By Faarea MasudBusiness reporter
The UK's financial regulator has warned of an increasing number of scammers pretending to be the watchdog.
The Financial Conduct Authority (FCA) said its impersonators aim to get people to hand over money or sensitive information, such as bank account PINs and passwords.
The Public reported More Than 7,700 instances of this type of scam to the FCA's contact centre So Far this year.
Reports of this type of scam have More Than doubled since 2021, the FCA said.
It added that a common tactic used by fraudsters was to tell people they were owed compensation, And Then ask for bank details or a processing fee to arrange " payment".
The FCA said it did not contact people in this way, and that anyone asked for personal information should hang up The Phone or ignore the email.
Steve Smart , an Executive Director of enforcement at the FCA, urged anyone concerned that they had been contacted by a scammer should check the FCA website.
What should I do if I suspect I've been contacted by a fraudster?The FCA gave The Following advice:
The FCA said it had been " ramping up" its scrutiny of scams as household budgets are squeezed from The Rising cost of living.
It Comes after industry group Uk Finance found
That is the equivalent of £2,300 every minute with frauds involving payment cards being The Most common.
The government this year released a new fraud strategy, which will include allowing banks to delay payments from being processed for longer, to allow for suspect payments to be investigated.
The FCA said it was working with the government That would mean, for example, a salesperson could not call you to sell you any type of insurance, such as accident or Home Insurance .
The regulator said it was being contacted about different types of financial scams, such as " boiler room" scams, where fraudsters cold-call investors offering them worthless, overpriced or even non-existent shares or bonds.
Callers to the regulator also reported being persuaded to invest in non-existent digital currencies, or cryptocurrencies, which the regulator said was a widely unregulated and high-risk sector.
Related TopicsSource of news: bbc.com
