18% of Britons have no home insurance
Published Date: 26/07/2012 10:14:51
Some 18 per cent of Britons do not have any home insurance, newly-released research has found.
Figures from The Co-operative Insurance discovered almost one-in-five individuals are leaving themselves open to a financial burden should something go wrong in their house.
Indeed, 36 per cent of under-35s admitted they have not taken any provisions against furniture, clothes or family heirlooms being damaged or stolen.
Lee Mooney, head of home insurance at The Co-operative, stated too many people do not bother with home insurance because they do not think they will get caught out.
"[However], you could be leaving your worldly goods open to damage or burglary and are risking paying out hundreds of pounds from your own pocket if something does happen," he added.
The study found that 12 per cent of UK adults have had to fork out an average of £358 because they failed to take out cover and damage was caused to their property.
Latest NewsMore Articles
Pets are 'part of the family' say owners
04/12/2013: Some 90 per cent of people who own pets say they think of them as members of the family - suggesting it's likely that many pet personal insurance holders feel this way. Read More
New anti drink-driving campaign launched
04/12/2013: A new THINK! anti drink-driving campaign has been launched, highlighting the way being convicted of this offence can harm people's job prospects. Read More
Some people still not getting the right winter sports cover
03/12/2013: Some 15 per cent of people who head on winter sports breaks fail to get the right sort of insurance cover for snowy activities like skiing, it seems. Read More
Brits reading papers while holidaying overseas
02/12/2013: Some 51 per cent of holidaymakers either read their favoured national daily paper when on a break overseas or try and find it on sale locally, it has emerged in a poll. Read More