Results from a recent Sainsburys Bank survey show around 4.7 million adults in the UK are without home contents insurance cover.
The most insured area in the UK is Yorkshire and Humberside, where 96 percent of people have contents insurance. This contrasts with London, the least insured place in the country, where only 78 percent of people have cover. Sainsburys Bank urge people without home insurance to get cover as it offers peace of mind and financial cover for what can end up as a significant sum.
With regard to the reasons for not having contents insurance the main reason given was that it simply was not required. This was followed by it being too costly. A Sainsburys Bank spokesman suggested these people should firstly tot up the value of their possessions and then check online to see how inexpensive home contents insurance can be.
Liverpool Victoria has just announced a removal of what are considered unfair admin charges for all its LV= insurance customers.
Moving forwards Liverpool Victoria insurance policyholders will not face charges for cover level amendments, address changes or cancellations that have been out of the policyholders control. The MD of LV= insurance supported the move, saying that customers sometimes have to make small changes and it is unfair to charge them to do this.
He went on to say that providing good quality insurance at a competitive price is what Liverpool Victoria is about. LV= do not want to hit customers with hidden costs, instead wanting to treat their customers fairly.
Learn more about Liverpool Victoria home insurance through Moneygossip.co.uk.
As costs rise so the amount needed to replace household items increases also. The need for home insurance is therefore greater than ever say Direct Line.
Having surveyed a selection of UK adults the insurer found that the typical cost of replacing or repairing damaged household items was around GBP200. The most common incidents were red wine spills, broken vases and damaged furniture. Each of these is covered with Direct Line home insurance and the peace of mind that cover brings, as well as the money it can save, is of real benefit to customers.
At the moment Direct Line have a special offer on their contents insurance, with free accidental damage cover provided to all new customers. In addition, when the time for renewal comes these same customers will also be eligible for a 10 percent discount as long as they have not made a claim.