Quake claims to run into millions
SAINSBURY'S Finance believes the insurance industry could receive more than home insurance claims as a result of the recent earthquake, which reached 5.2 on the Richter Scale.
It estimates these could run into tens of millions of pounds.
However, with one in 20 households without buildings insurance, the bank warned that there will be a number of homeowners who will find themselves having to foot significant repair bills themselves.
Neil Laird, Sainsbury's home insurance manager, commented: "The recent earthquake just shows that you can never tell when exceptional circumstances may occur and you might need to make a claim. Unlimited buildings cover ensures peace of mind that you won't be left under-insured should the unthinkable happen."
4:01pm Thursday 13th March 2008
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