Don't Go Without 'Home Insurance'

Report from UK:

Although many people are having to cope with uncertain economic conditions, households have been advised not to cut their car or home insurance in order to save money.

Defaqto urged consumers not to cancel their insurance policies "without giving it serious thought".

"Car insurance is required by law, and home insurance is vital to protect your house and belongings," the firm stated.

In order to find the best car and home insurance deals, people ought to consider using online aggregators to "shop around".

However, it is important that consumers are aware of what level of cover their new policy provides, it added.

Graeme Trudgill, technical and corporate affairs executive at the British Insurance Brokers' Association, recently advised motorists not to accept it when they car insurance provider increases the price of their premiums.