Barratt Lures Buyers with Free Insurance

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ONE of Britain's biggest house builders is offering new buyers a way to "recession-proof" their property in a bid to encourage sales.

Barratt Homes is giving away a year of the insurance on new developments in London so the owner is covered for up to three years if he or she is made redundant. The deal -- thought to be worth about Pounds 1,000 -- is the latest example of a developer offering sweeteners to potential buyers.

A spokeswoman for Barratt London said that the insurance would be offered with every new home bought, and would "insure buyers against being unable to make their mortgage re-payments through no fault of their own".

It applies to 500 …