An increasing number of home insurance providers are offering no-claims bonuses, according to the Association of British Insurers (ABI).
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“It is something that people may want to look out for when they are making their choice of home insurance provider,” said Jonathan French, assistant director of media relations at the ABI.
He recommended that anyone looking for home insurance – whether renewing or buying for the first time – should take a good look at what is available on the market.
The ABI advises all homeowners to try and protect their no-claims bonuses by ensuring their property is as secure as possible. Installing burglar alarms and locks on windows and doors can be an effective way of deterring thieves.
According to the ABI, the UK insurance industry paid out £64 million a day in claims during 2006.
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