IPT to blame for increase in building and contents premiums
The cost of buildings-only and contents-only insurance rose 3.5% in the most recent quarter, which can be largely attributed to the Insurance Premium Tax hike, according to the Association of British Insurers.
The ABI published its latest Home Insurance Premium Tracker today (10 February) which concluded that without the IPT increase the average price paid for a combined building and contents policy in the
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