Having taken a look at the attitudes of their home insurance customers Legal and General found that many prefer to throw broken items away rather than repair them.
Asked about electrical items like MP3 players and DVDs, 46 percent of those surveyed said they would throw it away if it stopped working. Slightly more worrying was the fact that 12 percent of people in the Legal and General study said they would throw an electrical item away if the fuse had blown.
On the one hand these results suggest we are throwing away perfectly serviceable items, though many small electrical items are very difficult to repair now, with manufacturers themselves recommending replacement rather than repair. Legal and General will usually replace electrical items that are claimed for on a home insurance policy since they follow the manufacturers guidelines.
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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.
A study commissioned by Barclays Insurance has looked at the most popular small businesses across the UK,a key element for home insurance since a number of these businesses carry out repair work or provide new products.
For those suffering a plumbing related incident that needs attention, whether on the home insurance policy or not, Norwich is the place to be since there are more plumbers there than anywhere else in the UK. Barclays Insurance also found that Essex is the best place to find an electrician.
As a spokesman from Barclays Insurance explained, it can sometimes be difficult to find a tradesman for an insurance quote or repair, though in some places it is more difficult than others. The key point is that tradesmen are a vital part of the UK infrastructure.
