According to recent research, October is a costly month for insurance companies, both in terms of property and of motor claims. It seems that, for a minority of people, Halloween and Bonfire night prove a golden opportunity for anti-social and downright malicious behaviour.
The practice of trick or treating, which originated in America, has become more and more popular in the UK in the last twenty or so years but the jocular threats to cause mischief have become more and more serious and insurance companies have reported claims for broken windows, a wall being overturned and other damage to property caused by missiles such as broken eggs.
Police in various parts of the country have become involved in campaigning, along with schools and other bodies, to get the message across to youngsters that this is unacceptable and could lead to criminal charges.
A week later comes Bonfire night and sadly, this too is seen as a chance by some to wreak havoc, with resultant claims for damage caused by fireworks being put through letter boxes, and property such as fencing being used on bonfires.
According to statistics from AXA the most costly week of the year for insurers is Oct 30th to 5th Nov, with Halloween claims being over two and a half times as high as an average day and those for Bonfire night being three and a half times as high.
With the clocks going back this weekend many of us will be driving home from work in the dark and this is partly the reason why Oct is the costliest month for motor insurers too. As we adjust not only to the darker evenings but to the changing weather conditions too, claims made in Oct are one and a quarter times as high as an average month, according to Virgin Money.
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