Home Insurance Quote Searches Still Increasing Post-Recession - Prudential Insurance

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During 2009, the UK had the highest number of searches for home insurance in the world.

As we enter the spring building season, there is a cautious optimism about the signs of improvement in the sector," said Imtiaz Farookhi, chief executive of NHBC

During 2009 the UK had the highest number of searches for home insurance in the world.

While a percentage of all home insurance quotes being requested may indicate home insurance customers looking for better deals, the recovery of the UK property market is certainly a contributing factor. According to the National House Building Council (NHBC), new home registrations for February were up by 73%, which would largely explain why more home insurance quotes were being requested.

The number of new homes being built is a clear indication that the UK is recovering from the recession. The NHBC has reported that applications to build new homes between December 2009 and February 2010 rose by 66% compared to the same period last year. January’s harsh weather conditions stunted the numbers slightly, but as spring approached the numbers once again rose.

"As we enter the spring building season, there is a cautious optimism about the signs of improvement in the sector," said Imtiaz Farookhi, chief executive of NHBC.

As a consumer it is hard to know whether a home insurance policy will provide sufficient cover until it is needed, but conducting research is better than recording a financial loss after an incident. UK homeowners therefore deserve some credit for obtaining multiple online home insurance quotes to establish levels of cover and affordability.

The knock-on effect of the comparative shopping trend is that UK home insurance providers have to improve their benefits or risk losing business. Competition in the marketplace can therefore only bode well for homeowners as it keeps insurance premiums largely stable.

About Prudential Insurance

Prudential is a UK provider of affordable home insurance. Their home insurance policies offer up to £250 towards the cost of emergency repairs in the home – without affecting no-claims bonuses. Visit http://www.pru.co.uk for more information or a free home insurance quote.

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