Hiscox warns against false economies
Specialist insurer Hiscox has warned households against making false economies to try and ease the effects of the economic downturn.
Older washing machines, for example, cost more to run than their modern counterparts and are also more liable to cause insurance claims, such as for fire or flooding.
The insurer also advises against running appliances overnight, taking advantage of cheaper electricity prices, as unsupervised appliances could easily result in a devastating fire.
Replacing old fairy lights with new LED lights can prove helpful, as the new lights are less likely to blow and therefore are less of a fire hazard (particularly important given they tend to be draped around Christmas trees).
The insurer also advises purchasing a water alert appliance, which can detect sudden changes in water pressure (possibly due to leaking) and then stop the house’s water supply, preventing any leak from ruining the contents.
Those going away over Christmas are advised to keep the heating on for an hour a day, as this will prevent pipes freezing and bursting.
In addition, those leaving home for a short time are also urged to keep the lights on a timer, to help deter thieves.
Category: Home Insurance News, Insurance News
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