Cold Snap Sees Insurance Claims Double

Cold Snap Doubles Insurance Claims

Cold Snap Doubles Insurance Claims

New figures have revealed that the freezing weather in December has led to £1.4bn  of insurance claims on personal vehicles and property  in the UK.

The Association of British Insurers (ABI) have said, this is double the £650m that was claimed as a result of the cold period in 2009.

This is due to the cold snap being more prolonged and widespread than the previous year.

The majority of the problems were caused by burst pipes – this representing more than 100,o00  of the claims which totalled £680m.

250,000 claims were made for vehicles which were damaged as a result of the snow and icy conditions that affected the roads , this accounting for £530m in claims.

The ABI said that there was no indications that insurers had raised their premiums as a result of the cold weather.

The cold snap was indicated as the cause of the contraction of the UK economy during the last quarter of 2010 according to figures released last month.

The economy shrank by 0.5%, but activity would have been “flattish” without the impact of the bad weather, the Office for National Statistics said.

Leave your comment

  • (not published)