Trade body in roof insurance warning
24th August 2011
Millions of homeowners who do not have adequate home insurance could be forced to pay more than £5,000 for a new roof.
Roofs on homes that were built during the post-war construction era are about to reach the end of their natural lives.
According to the CLG English Housing Survey, 4.8 million roofs, or 20%, need repairing.
However, almost two-thirds of homeowners incorrectly think their home insurance policy covers them for all roof-related problems.
Subsequently, myredlandroof.co.uk is warning homeowners not to merely assume that their roof repairs will be covered under their buildings insurance.
An Association of British Insurers official said: "As a general rule, buildings insurance is not a maintenance contract and therefore does not cover roof damage caused by wear and tear, deterioration and neglect."
Copyright © Press Association 2011
- Five healthy gadgets for the home
- Water damage – do not be a victim this Winter
- Space saving ideas for the modern family
- Three key rules to property development
- Locks and all; why you need a good door lock for home insurance security
- Home security – the basic rules
- 5 things everyone should know about estate agents
- Let there be light; tips to brighten up your home this winter
- Mortgage approvals hit a two year high
- Top 5 domestic financial resolutions for 2012
- Five tips for getting along with your landlord
- 5 DIY disasters we can all avoid
- Five of the world’s most expensive properties revealed
- Parents spend over £2 billion on Christmas gifts
- 5 tips for a financially active 2012
- News Archive
