Insurance Cover For Any Eventuality
The UK was yesterday hit by the largest earthquake for 25 years. Luckily the 5.2 Richter tremor caused no fatalities.
Emergency services across the UK had to deal with a flod of calls and hundreds of homeowners reported damage - but there was only one confirmed injury. Student David Bates, 19, suffered a suspected broken pelvis when a chunk of masonry from a chimney stack crashed into his bedroom.
It does, however, make you think about covering yourself for any eventuality. The very fact that you could be hit with a crippling financial loss should you suffer this sort of calamity should really incentivise most people to take out some sort of cover for flood damage, fire or subsidence. Many of us think that none of these things will happen to them, but events this week must have made people look up and consider their insurance cover.
Loss assessors have estimated the damage caused by the earthquake to be in the region of tens of millions of pounds.
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