People not claiming for vandalism, says Direct Line

www.moneynews.co.uk > Insurance > People not claiming for vandalism, says Direct Line

People not claiming for vandalism, says Direct Line

Fri 24th Nov 2006

For fear of losing their no claims bonus and facing the prospect of paying higher premiums, people are failing to claim in the event of vandalism, said a spokesperson for Direct Line.

However, living in the five so-called vandalism hotspots of Birmingham, Edinburgh, Manchester, London and the Wirral does not generally affect a person's premiums by very much according to Emma Hoyler.

Ms Hoyler explained that on average, two out three people claimed for acts of vandalism on their insurance with the other third preferring to address the cost of the damage out of their own pocket.

When asked why she believed people are choosing not to claim on acts of vandalism, Ms Hoyler stated: "This is because the cost of the claim would come to around £150 for minor damage and that equals the cost of your excess anyway, so a lot of people instead of losing their no-claims bonus will just pay for the damage themselves."

Direct Line has its headquarters in Croydon, is a division of the Royal Bank of Scotland and when it was established in 1985, became the UK's first telephone insurer.

Related News : Insurance
	Under-insurance 'a costly mistake for Brits'
	Rodents and pests 'causing havoc for homeowners'
	Brits 'should be aware of home cover details'
	PPI scandal 'has helped tighten financial regulation'
	Location 'can impact home insurance costs for Brits'
	FSA and CC 'failed to tackle PPI issue head-on'
	Pet cover 'important for Brits to get right'
	UK homes are 'falling into disrepair'
	Brits advised on reducing home insurance cost
	UK insurance 'has become more complex'

Related News : Direct Line
	Insurance for young drivers customers offered advice by Direct Line
	Car insurance for young drivers provider Direct Line warns sleepy motorists
	Direct Line insurance offer 'can be tailored for specific businesses'
	Direct Line highlights affordability of travel insurance
	Direct Line insurance costs increased by bogus claims
	Direct Line claims omitting travel insurance can be pricey
	Direct Line: Take care over frozen pipes
	Using mobiles behind the wheel 'needs bigger penalties'
	Direct Line home insurance offers tips on preventing burst pipes
	Direct Line releases offers for customers