Floods push home-insurance costs

The cost of household insurance is continuing to rise as insurers hike premiums following last summer's floods. Average premiums for home buildings cover rose by 1.4% during the final three months of 2007 to £218.60 a year, the AA said. The latest rise follows a 3% hike during the third-quarter of 2007, the largest increase since the group first began monitoring premiums.

Via PA

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