Home insurance costs continue to rise following ‘worst year on record’
Analysis by Ernst & Young has revealed that home insurance suffered its worst year on record in 2022, and fortunes aren’t about to change.
EY previously predicted home insurance was set for its “biggest loss in over a decade” in 2023 and 2024.
The consultancy firm now says premiums are set to rise 17% this year, at an average of £43 per
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