Cardiff (PRWEB) March 28, 2008
This figure is particularly startling, given that most homes are veritable treasure troves full of valuables, such as flat screen televisions, personal computers, laptops, games consoles and jewellery, to name a few. Insuring home contents worth £40,000 can cost a mere £43.98 per year for a family of four, but the key is to shop around.
With many Brits heading away for the Easter Bank Holiday weekend, this worrying lack of cover is a timely reminder to Britons who are leaving themselves exposed to theft, or over-zealous DIY fanatics who inadvertently cause damage to their homes.
Debra Williams, managing director, Confused.com comments:
"Contents insurance is not a legal requirement, but should really be considered an absolute necessity. Many people decide against contents cover without considering the potential pit- falls involved. Even the most obvious precautions, such as remembering not to 'advertise' your new plasma screen TV by leaving the box outside your front door, or remembering to properly lock up when leaving the home, can sometimes fall by the wayside. It is for this reason that belongings need to be adequately covered.
"By failing to insure their home contents, Britons are potentially setting themselves up for a large bill, not to mention emotional turmoil, should they be unfortunate enough to suffer any loss or damage. By shopping around, consumers can end up saving a fortune on home insurance, but you can't put a price on peace of mind."
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Notes to editors
Statistics table: Annual contents insurance*
Post Office: £47.30
Bradford & Bingley: £62.84
Cover Direct: £66.39
*Based on a profile of a family of four living in the suburbs, with no previous claims.
Data provided by Confused.com. Correct as of March 2008.
Confused.com is one of the UK's biggest and most popular price comparison services. Launched in 2002, it dominates the car insurance aggregator market with a massive 70% market share and almost one million quotes per month. It has expanded its range of comparison products over the last couple of years to include home insurance, travel insurance, pet insurance, van insurance, motorbike insurance, breakdown cover and energy, as well as financial services products including credit cards, loans, mortgages and life insurance.
Confused.com is not a supplier, insurance company or broker. It provides its customers with a free, wholly objective comparison service to help with their decision making. Using cutting-edge technology, Confused.com has developed a series of intelligent web-based solutions that evaluate a number of risk factors to help customers search, buy and apply for whichever product or policy best matches their individual needs. Its service is based on the most up to date information provided by UK suppliers and industry regulators.
Confused.com is owned by the Admiral Group plc. Admiral listed on the London Stock Exchange in September 2004. Confused.com is regulated by the FSA.