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%).
- B&C roundtable: BTL lender departures, hybrid products and utopian underwriters
- Annual buildings and contents reviews could be key to saving customers money
- Annual buildings and contents reviews could be key to saving customers money
“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.”
Leave a comment