The insurance industry is bracing itself fro as many as 3,250 home insurance claims as a result of last week’s earthquake, which reached 5.2 on the Richter Scale.
It estimates that collectively these could run into tens of millions of pounds. However, with one in 20 households without buildings insurance, the bank warns that there will be a number of homeowners who will find themselves having to foot significant repair bills themselves.
Those who think that earthquakes are rare and that it won't happen to them should consider this.
There are more earthquakes in the UK than in any other European country – so there!
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