Carl Stacey

UK residential properties are 'woefully underinsured'




Assurant Intermediary has claimed that the UK’s residential properties are woefully underinsured.

According to ABI data, a quarter of UK homes have no home contents insurance.

Northern Ireland (18%) and the South East (19%) have the lowest percentage of homes without cover, while areas without cover included London (45%), the North East (32%), the West Midlands (28%) and Scotland (26%).

“Any customer who says either they can’t afford [home insurance], or it will never happen to them is not only unrealistic, but taking a considerable financial risk,” said Carl Stacey, head of distribution at Assurant Intermediary (pictured above).

“With these statistics it is very clear that it is not a risk worth taking.

“I would urge every mortgage or financial adviser to make sure that all of their customers are properly covered.”

Sign up to our newsletter to receive more news like this story

I accept that by joining the B&C mailing list, I will receive relevant news and promotional material via B&C on behalf of its partners and advertisers. Your data will not be passed on to any third party.
No, thanks, just the news please.

Leave a comment