You are here: Home - Insurance - News -

One in 10 Brits have no home contents insurance

Written by:

Some 4.7 million UK adults do not have any home contents insurance, research from Sainsbury’s Home Insurance has revealed.

Those living in London are most at risk from not having contents cover, with 22% of the adult population in the capital opting to do without this. Worryingly, a further 5% of those in London were unsure whether or not their home contents were insured, meaning they too may not be protected.

Those in Yorkshire and Humberside are the best equipped for damage or theft to their belongings because 96% of people there have a home contents policy.

Neil Laird, manager of Sainsbury’s Home Insurance, said: “It’s remarkable given the value of people’s home contents that so many do not have cover. Home insurance does not have to be expensive. You can spread the cost over the course of a year and some insurers, including ourselves, will not charge for this. There are also some great discounts on cover available at the moment.”

The Sainsbury’s Finance research revealed that the main reason for not having home contents cover was people thinking it was not necessary, with 35% of people without it giving this response. As many as 14% of people said they could not afford it.


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Britannia returns £4m to football clubs

Account holders with Britannia Building Society have helped to return almost £4.21m to their favourite football clubs this year.