Insurers Promise a Fast Rebuild after Riots

12 August 2011 - Which Way to Pay

    



Insurers Promise a Fast Rebuild after Riots

The damage done during the recent riots has been devastating for some, who saw their homes and businesses destroyed. Insurers have however pledged to start rebuilding the damaged communities as soon as the affected areas are cleared as crime scenes. The insurance companies will send specialists to the area that saw rioting in order to assess the extent of the damage, builders have already been contracted to start the rebuild.

Those with home insurance will be covered for fire damage as well as the cost of anything looted, said the Association of British Insurers, as well as those who have been forced to leave their homes provided with accommodation. Those without insurance could be able to claim for compensation for any damage from police authorities. Some business insurance policies could also cover for the interruption in trade.

Although those with insurance should be covered by their policies, the terms and conditions of each policy will differ, affecting how much excess must be paid. Whether or not those whose car was damaged throughout the riots are covered depends on individual insurance policies. Insurers have estimated the losses from the riots will amount to more the 200 million.

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