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.
- Top 100 Insurtech: Quarter four update
- Charles Taylor bolsters liability team by hiring senior sextet from Vericlaim
- Gallagher Bassett acquires claims management firm
- Roundtable: Is a single customer view taking off in insurance?
- Finch and ICB owner on acquisition trail with sight set on €500m revenue by 2022
- Insurtech diary: Getting stuck into insurance
- Analysis: The mystery of the missing Insurance Fraud Taskforce report