Helter shelter
Many homeowners and tenants are ignoring the benefits of home-contents insurance, as they see it as expensive and unnecessary. Michelle Worvell questions whether the market needs to re-think the way this cover is priced and packaged, or if it could be promoted to the public more effectively
At the end of last year, research from the UK's largest insurer, Norwich Union (NU), found that more than two million people were leaving possessions worth more than £20,000 at risk by failing to buy home-contents insurance. The survey also revealed that fewer people living in rented properties had contents insurance than homeowners, and that of the nearly three million privately rented homes in the UK, 72% did not have cover, leaving over £50bn worth of items at risk.
The most common reason for
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