Are your belongings protected against life’s unwelcome events? Home insurance is an effective shock-absorber that protects millions of families each year and provides them with valuable peace of mind.
Having a home contents insurance policy in place means that if the unexpected were to happen, such as a burglary, leaking pipe or a devastating fire, then there would be a payout to help put things right. However, recent figures from the Financial Inclusion Commission (FIC) show that an alarming number of adults don’t have any insurance in place to protect their personal possessions.
Families need protection
With the average value of contents in a three-bedroom family home estimated at £55,000, it’s important to be fully insured at all times. The November 2017 FIC report shows that 1.2 million successful claims were made on household buildings and contents cover in 2016, with an average payment of just over £2,500 being made. For many households without cover, having to find this amount of cash to replace lost, damaged or stolen items to this value would be beyond the limit of their savings.