{"id":67228,"date":"2017-09-23T12:59:08","date_gmt":"2017-09-23T05:59:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/direct-line-why-has-my-home-insurance-gone-up-by-442-in-one-year\/"},"modified":"2017-09-23T13:03:29","modified_gmt":"2017-09-23T06:03:29","slug":"direct-line-why-has-my-home-insurance-gone-up-by-442-in-one-year","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/direct-line-why-has-my-home-insurance-gone-up-by-442-in-one-year\/","title":{"rendered":"Direct Line, why has my home insurance gone up by 442% in one year?"},"content":{"rendered":"


\nThe firm\u2019s new tool for assessing flood risk could see home premiums soar, as one reader with a \u00a31,000 policy discoveredWhen Paul Barlow from south London opened his latest home insurance renewal quote from Direct Line, he was staggered by the increase in the premium. The year before the insurer had charged just \u00a3189 for his property: a ground-floor, two-bed flat he rents out in Bermondsey, near Tower Bridge. But this year it wanted \u00a31,025 \u2013 an increase of 442%. When he rang, thinking it must be some sort of mistake, the representative said he was lucky because if he had been a new customer the insurer would have turned him down entirely.Barlow\u2019s home is not in some hell-hole location where burglary is rife; he has not been making large claims for subsidence or other matters that usually make insurers hike premiums. What Barlow has fallen victim to is a new flood-mapping tool used by Direct Line called geospatial analysis, which attempts to assess flood risk with pinpoint accuracy and could see huge premium increases for thousands of other homes, not just in the capital but all over the UK. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Direct Line, why has my home insurance gone up by 442% in one year?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The firm\u2019s new tool for assessing flood risk could see home premiums soar, as one...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-67228","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-huk","jetpack-related-posts":[{"id":17490,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lightning-strikes-lead-to-claims-spike-says-insurer\/","url_meta":{"origin":67228,"position":0},"title":"Lightning strikes lead to claims spike, says insurer","date":"June 23, 2016","format":false,"excerpt":"\r Direct Line has received more than 200 claims since the beginning of June rather than the 10-20 it normally sees every monthStormy weather in June has led to a surge in insurance claims for damage caused by lightning strikes, one of the UK\u2019s largest insurers has said. Direct Line\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11722,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lgbt-insurer-emerald-aims-to-bridge-a-sexuality-gap\/","url_meta":{"origin":67228,"position":1},"title":"LGBT insurer Emerald aims to bridge a sexuality gap","date":"April 30, 2016","format":false,"excerpt":"\r Are lesbian and gay people still discriminated against by financial services companies? A new insurer argues they areThere is a UK insurance company that will give you cover if you are an airline pilot, but not if you are cabin crew. 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The unit of New World Development has agreed to buy in cash the entire issued share capital of FTLife Insurance from Tongchuangjiuding\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35048,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/insurer-aig-in-mortgage-lending-push\/","url_meta":{"origin":67228,"position":3},"title":"Insurer AIG in mortgage lending push","date":"November 20, 2016","format":false,"excerpt":"\r Biggest US insurer eyes home loans\u00a0after $3.4bn\u00a0mortgage insurance disposal\r \r Source : ft.com\r Read more...Insurer AIG in mortgage lending push","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65854,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/iggy-pop-insurer-doesnt-have-a-lust-for-liable-musicians\/","url_meta":{"origin":67228,"position":4},"title":"Iggy Pop insurer doesn't have a lust for liable musicians","date":"February 23, 2009","format":false,"excerpt":"\r A car insurer admitted today it refuses to cover musicians despite featuring Iggy Pop in its adverts.The veteran rocker is the star of swiftcover's \"Get a life. Get swiftcovered\" campaign. But although the 61-year-old American is best known for singing hits such as Lust for Life, it has emerged\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120806,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nightmare-insurance-claim-as-family-forced-to-move-six-times\/","url_meta":{"origin":67228,"position":5},"title":"Nightmare insurance claim as family forced to move six times","date":"July 18, 2021","format":false,"excerpt":"\r After a water leak damaged their home, Direct Line arranged successive temporary housing \u2026 over eight traumatic monthsThe text message told Aayan Mirza* that he had an hour to pack his family\u2019s possessions and leave. They had been living in temporary accommodation funded by his insurer while it repaired\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/67228"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=67228"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/67228\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=67228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=67228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=67228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}