Bailiffs have swarmed Katie Price’s Mucky Mansion this morning amid her bankruptcy.
Over 10 officials have turned up to the £2million property as the former glamour model, 46, is to be officially evicted today.
This morning, five vehicles entered the property at 10am.
Bailiffs, accompanied by security personnel believed to be on standby to secure the site after a mortgage lender repossesses the keys, have arrived at the property.
This follows an eviction notice served to the reality star earlier this year amidst her ongoing bankruptcy struggle.
A letter, previously spotted by The Sun, was reportedly attached to a fence outside the property,
instructing Katie – who is believed to be having her 17th boob job this week – to vacate the premises. It stated: “The court has issued a warrant or writ for the possession of the above property (land) at the request of the claimant.” A warrant gives a county court bailiff the authority to evict you and hand over possession to the claimant.
As bailiffs and bank officials arrived at the 3.5 acre property today, the home could be seen strewn with rubbish, including a huge 5ft rusted sign of her daughter’s name Princess, which is tossed in the muck heap by the stable block. An unwanted pink satin sofa, smashed up wardrobes, white goods and electrical appliances also lay abandoned throughout the Mucky Mansion.
There is also a murky film of unsavoury-looking green algae covering the swimming pool, which looks like it should be condemned immediately.
Since the mum-of-five received the order to leave the mansion – which had been extended by a month – the mansion has remained vacant. This comes after the former Loose Women star shared her moving preparations and “yard sale” with fans on social media.
She posted a video on her Instagram stories showing her kitchen filled with household items packed and ready for removal. Three large removal trucks were seen arriving at the property at the end of May for clearance.
An insider previously revealed: “Katie has been dreading this day for so long but now it is here, she can’t wait to leave. The house has caused her so much grief and was too much to handle on her own. With work and the kids, it all became too much in recent years. She’s convinced it’s haunted”.
Katie has since warned off future owners of her infamous Mucky Mansion. Despite the eviction notice issued to her, Katie has insisted it was her choice to leave her sprawling home and embark on a fresh start elsewhere.
In a new interview, she said: “I’ve been wanting to get out of my old house for absolute years. It’s been nothing but hell in there. I’ve not had any luck in that house, ever!” Katie told the MailOnline that she “hates” the Mucky Mansion and issued a warning to potential buyers.
“it is absolute cursed. My anxiety got worse with that house. There was a point when I couldn’t even walk up the driveway without having a panic attack,” she added. “I had therapy about the house. I should never have gone back there. Now I’m out of it it’s the best thing I’ve ever done.”
Katie’s Mucky Mansion has hit the headlines on numerous occasions over the years and was the subject of a Channel 4 documentary as the glamour model attempted to renovate her property one last time. The TV star posted worrying doorbell footage on Instagram of a mystery intruder approaching the front door of her Mucky Mansion before walking away.
She subsequently shared a picture of him and a second man as well as a white Ford that had been parked on her driveway. She wrote: “Anybody know who this is? Attempting to break into my house.”
Sussex police informed The Sun: “We received a report of suspicious behaviour involving a possible break-in at 9pm on June 4. Officers attended the scene and two men were searched. No items were found. The men were given words of advice and released. Officers have made contact with the property owner and kept them informed of both incidents. Any suspicious activity can be reported to Sussex Police on 101 or online, in an emergency call 999.”
Meanwhile, it’s been reported Katie’s new neighbours have threatened to sell their house after discovering the reality TV star has moved into their “quiet area”. The TV personality is paying almost £5,000 a month for her new four-bedroom property, but not all of her new neighbours are happy with Katie’s choice of new abode.
A woman, who asked not to be identified, told The Sun: “One of my neighbours was on the phone to me as soon as they heard saying, “Have you heard the dreadful news?”
“The reaction from most of the neighbours has not been very positive. There’s nothing we can do about it other than put our house up for sale but that is a bit drastic.”
The bailiffs today arrived as Katie teased this morning that she was “first on the list” at a clinic abroad for an undisclosed procedure. The ex-glamour model, who is believed to have had 16 boob jobs, suggested that she’s having a procedure on Wednesday. She posted about being abroad on her Instagram Story, telling told her followers that she’s travelled to Belgium for an operation, which is believed to be increasing her boobs – again.
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Source: USA Today
Understanding Deductibles in Insurance
What is a Deductible?
A deductible is the amount of money a policyholder must pay out-of-pocket before an insurance company begins to cover the remaining costs. Deductibles are a fundamental component of most insurance policies, including health, auto, home, and business insurance.
How Do Deductibles Work?
When you file a claim, you are responsible for paying the deductible amount. Only after this amount is paid will the insurance company pay for the covered expenses exceeding the deductible. For example, if you have a $1,000 deductible on your car insurance and incur $3,000 in damages from an accident, you would pay the first $1,000, and the insurance company would cover the remaining $2,000.
Types of Deductibles
- Fixed Dollar Deductible: This is a specific amount you must pay each time you file a claim. It’s common in health and auto insurance policies.
- Percentage Deductible: In some cases, particularly with homeowners insurance, the deductible might be a percentage of the insured value. For instance, if your home is insured for $200,000 and you have a 2% deductible, your out-of-pocket cost would be $4,000 before insurance covers the rest.
- Per-Claim vs. Annual Deductible:
- Per-Claim Deductible: You pay the deductible every time you file a claim.
- Annual Deductible: Common in health insurance, this deductible resets each year. You pay out-of-pocket until your total expenses reach the deductible amount for the year.
Why Do Deductibles Exist?
- Cost Control: Deductibles help keep insurance premiums more affordable. Higher deductibles typically result in lower premiums because the policyholder assumes more initial risk.
- Reduced Claims Frequency: Deductibles discourage policyholders from filing small or frivolous claims, reducing the number of claims an insurer must process and pay out.
- Shared Responsibility: Deductibles ensure that policyholders share in the financial responsibility of their care or damages, promoting cautious behavior and maintenance of insured assets.
Choosing the Right Deductible
When selecting an insurance policy, choosing the right deductible is crucial. Here are some considerations:
- Financial Ability: Assess your ability to pay the deductible in case of a claim. A higher deductible can lower your premium but may be challenging to pay if an incident occurs.
- Risk Tolerance: Determine how much risk you are comfortable assuming. If you prefer lower out-of-pocket costs during an emergency, a lower deductible might be preferable, albeit with a higher premium.
- Frequency of Claims: Consider how often you might need to file a claim. If you anticipate frequent claims, a lower deductible might be more cost-effective over time.
Impact on Premiums
The relationship between deductibles and premiums is inverse. Generally, the higher the deductible, the lower the premium, and vice versa. This trade-off allows policyholders to customize their insurance based on their financial situation and risk appetite.
Conclusion
Deductibles are a key feature of insurance policies that influence both the cost of premiums and the financial burden on policyholders when filing claims. Understanding how deductibles work and carefully selecting an appropriate deductible can help balance cost savings with financial protection, ensuring optimal insurance coverage tailored to individual needs and circumstances.
