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A million and a half property owners in the UK are either not covered or ... Property Community

26.05.10

Almost 1.5 million property owners in the UK are putting their homes at risk by having no insurance with those in London and the South East of the country the least protected, research shows.

One in 16 UK property owners, some 6%, admit they are missing out on some form of insurance and only have either buildings or contents insurance, not both, the research from comparison site, moneysupermarket.com shows. This doubles to one in eight, 12%, of younger homeowners aged between 18 and 34.

Half a million homeowners admit to only covering contents, while 750,000 have buildings insurance only and a quarter of a million homeowners admit to having no cover at all.

The survey also reveals that 11% of property owners in London and the South East are putting themselves at risk of costly payouts despite the fact that buildings and contents insurance can cost less than £200 a year.

Source:

home contents insurance comparison - News

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