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Most people think of winter when it comes to weather-related home insurance claims, given the UK’s cold, wet conditions. But summer brings its own problems, like heatwaves, subsidence, thunderstorms, and fire risks.
Missing Home Insurance Features – Introduction You’ve got home insurance, so you’re covered for everything… right? Not always. Standard home …
In the UK, 93% of properties are insured for the wrong amount, with 7 in 10 homes underinsured – (RebuildCostAssessment).
These numbers highlight why homeowners should review their insurance policies consistently and understand exactly what their cover includes.
As a retiree, it’s likely you’ve paid off your mortgage or are close to doing so, with around 74% of retirees owning their homes outright in 2022-23.
Every insurer has its own limits on coverage for each item, and with Source’s product, Source Home, that limit is set at £15,000.

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