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Daily Insurance Industry News
Tuesday 23rd of January 2018
April 24, 2009

Norwich Union warns of burglary surge

by Richard Kilner

Story link: Norwich Union warns of burglary surge

Following the abysmal figures contained in the Budget, Norwich Union, shortly to become Aviva, has stated its concern that by the end of the year unemployment could fuel a 50% rise in household burglary.

Home Office statistics give the number of burglaries in 2008 as 280,000 and if Norwich Union’s fears are realised then 420,000 burglaries costing a total of £421m stolen belongings could occur.

There are, however, a number of simple steps to reduce risk, most obviously locking doors and windows and not leaving valuables on display to escape them being viewed by opportunistic thieves.

If absent for a prolonged period milk and the like should be cancelled to prevent a tell-tale build up and keep an up to date insurance policy for the home.

Home pricing director Simon Warsop has said that history and present Government statistics point to a rising trend in burglaries.

The most common objects stolen are games, consoles and DVDs, which account for 62% of items, followed by cameras, computers, mobile phones and iPods.

The ABI has echoed Norwich Union’s sentiments, urging homeowners not to cut back on home insurance with official statistics showing a rise in burglary in the last quarter of 2008.

 

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