11 February 2011

Cold weather pushes up insurance rates

Cold weather pushes up insurance rates : There has been a steep increase in insurance claims in the UK due to cold weather.

The freezing weather in December resulted in claims of £1.4 billion over property and vehicle claims. In 2010, insurance companies paid less than £650,000 million in the cold weather season, but the December/January period was more severe, longer and affected more of the country.

Most of the problems were caused by burst pipes or damage to vehicles.

Frozen water pipes burst and cars crashed on icy roads.

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