Bad weather 'may push up insurance rates'
UK insurers have forked out millions of pounds in recent months to cover the damaged caused by what is now known to have been the coldest UK winter in three decades.
According to the Association of British Insurers, the cold snap of December and January saw insurance providers paying out £194 million to cover damage caused to some 60,200 homes.
As a result of this, Steve Foulsham, technical services manager for the British Insurance Brokers' Association, has warned that insurance providers may push up their rates.
"Once we know all the figures it wouldn't surprise me one little bit if it leads to some sort of rate hikes in the market, because of the sheer volume of claims," he warned.
However, Britons looking for flats to rent in the London borough of Hammersmith and Fulham or elsewhere in the capital may not have to worry about finding the money to fork out for buildings insurance, as this will most likely be covered by their landlord.
And with property prices in the city so high, this could be just one other way in which renting is so much cheaper than buying a London property.
Written by Charles Mackay
Published 12th March, 2010
© 2010 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Enfield £1.3bn masterplan unveiled
A masterplan has been unveiled that will see a 200-acre site in Enfield regenerated as part of a £1.3 billion plan.
Read Article ... Published on 23rd May, 2012
Londoners encouraged to grow their own fruit and veg
People in London are being encouraged to grow their own fruit and vegetables.
Read Article ... Published on 22nd May, 2012
Merton 'embraces green improvements'
Merton is now a cleaner, greener location to live in thanks to the implementation of the Wandle Valley Low Carbon Zone (LCZ).
Read Article ... Published on 22nd May, 2012
London house prices rise by 1,782% in past 35 years
London house prices have increased by 1,782 per cent in the last 35 years.
Read Article ... Published on 21st May, 2012
Poplar's Chrisp Street to get £100m regeneration
Some £100 million is to be spent regenerating the Chrisp Street area of Poplar in Tower Hamlets.
Read Article ... Published on 21st May, 2012
Putney community hall gets £150k refurb
Newlands Hall in Putney Vale, Wandsworth, has reopened after undergoing significant refurbishments.
Read Article ... Published on 18th May, 2012
Harrow cycling and walking routes improved
Extensive improvements have been be made to the cycling and walking routes in Harrow.
Read Article ... Published on 17th May, 2012
Norwood Park gets outdoors gym installed
An outdoor gym has been installed in Norwood Park in an effort to encourage more people to take up exercise.
Read Article ... Published on 16th May, 2012
Brixton to benefit from £75m regeneration
An estate in Brixton is to be improved thanks to a £75 million development project.
Read Article ... Published on 16th May, 2012
Olympic concerts to be held at Hyde Park
A series of Olympic-themed concerts are to be held at Hyde Park.
Read Article ... Published on 15th May, 2012
Damage caused by the recent cold weather may see the rates of home insurance go up, it has been claimed - but luckily people on the lookout for property to rent in London are unlikely to have to worry about this.