Analysis

Briefing: Home insurance showing cracks

By 2023-09-20T09:36:00

Geobear Subsidence Repairs

Whatever the outcome, the data points to a looming crisis when it comes to subsidence

By Jon Guy 

The ABI has released its latest data on the UK home insurance sector and the news is not pretty.

The headlines figures are stark, with the cost of an average claim rising by 24% in the period between 1 April and 30 June 2023. The association said claims payments are running at £8.6m per day, at present.

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