Price freeze promise made by home insurance supplier

A household insurance provider has announced that it is fixing insurance premiums for the next two years as part of a limited-term offer.

From now until July 31st 2007, financial services supplier RIAS is freezing the price of all of its home insurance policies for the over-50s.

However, home insurance customers may like to know that this two-year offer only extends to homeowners who do not make a claim on their insurance deal during the first 12 months.

Janet Connor, managing director of the financial services company, has commented on the insurance package.

We wanted our customers to enjoy the reassurance and peace of mind that goes with knowing that their insurance premiums will not rise for the next two years, she said.

Recently, financial services provider Halifax Home Insurance issued a warning that many homeowners may be unwittingly underinsuring their contents because of a tendency to lie to partners about the true value of new purchases.

According to its research, the most popular products for men to tell fibs about were the prices of electronic items, while women preferred to distort the cost of clothes.