39% are lacking buildings insurance

Over one-third of UK householders do not have buildings insurance, according to a survey by Nationwi...

Over one-third of UK householders do not have buildings insurance, according to a survey by Nationwide Building Society.

The study, which questioned over 1400 householders, also found 25% have not taken out contents cover, despite admitting the value of their home contents lies between £10,000 and £40,000.

Nationwide insurance director Robin Bailey said: "It is astounding so many people are prepared to take such a gamble on their homes and personal belongings when you consider how much time and money we all invest in our homes."

The research also revealed those aged 16 to 34 are least likely to know what is covered under their buildings insurance or whether they are covered at all. However, those aged 45 and over have both buildings and contents insurance and claimed to know exactly what is covered.

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