Social media users might find it more difficult to get cheap home insurance if recent trends reported by the British financial services company Legal & General hold true. Their experts report that users of sites such as Twitter, Facebook and MySpace are putting themselves at risk by sharing too much personal information online.
This includes making it public when they are going to be out of the house, either for a few hours or on a long holiday. This means that burglars would be able to know the best times to break into their homes, creating a major risk. In the future, insurance companies might consider this as a factor when determining rates for home owner insurance.
For now, this isn’t the case and in fact social media sites can be used to share information about how to search for a home insurance online quote and get the best deal on a policy.