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    Spotlight now on home insurance

 
  Research firm Defaqto has highlighted two aspects of home insurance recently that consumers should be aware of. Firstly they indicated that remaining loyal to your home insurance provider could be costing you dearly as you miss out on discounts and offers made to new customers - claiming that cashback incentives have grown over recent years with some products offering up to £125 for new policies.

With internet sites now allowing people to shop around more easily, offers and incentives are built into products to make them stand out from the pack. The poor old loyal customers benefit from none of this and are effectively subsidising these offers.

Secondly, the research firm suggested that the recent spate of flood warnings should make people think about the quality of their home insurance policies. "It's not just about getting the cheapest deal" - especially where there is a real prospect that you could need your policy to payout fairly in the event of an emergency situation.

Defaqto have devised a ten point model to allow people to judge the quality of different insurance policies against each other.
 
 

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