Apparently over a quarter of UK households – that’s a staggering 7.5 million of us – have no home contents insurance, leaving prized possessions worth over £266 billion unprotected and at risk.
A recent report from the Association of British Insurers (ABI) reveals that the value of possessions owned by all UK households now totals nearly £1 trillion. That’s huge and more than HM government spent last year.
Averaged out, this suggests we own some £35,000 of possessions per household – which is more than the average annual UK salary of £27,000.
The point of this information is that even if some of your possessions are looking a little long in the tooth and probably not worth all that much, they would be if you needed to replace them. Which is what you’d need to do in the event of a fire, floods, accidental damage or theft.
How to check your home insurance
We recommend you get your home insurance policy out, before renewal time and read it. Do you have all you need? And if you haven’t got contents cover be sure to ask FOXY Lady Insurance for a quote.
Club members register with us for a quote well ahead of their renewal date when our insurance broker, Cornmarket Insurance Services in Belfast, calls them to compete with their best quote.
Whilst insurance sounds expensive* we know we need it and that we should be more pro-active in checking that the price and the cover we have (or not) will be there for us at times of stress.
If you go looking for insurance cover and find yours has lapsed and/or you’ve never had any, we strongly recommend you get covered as soon as possible. No-one can afford to self-insure £35,000 of home contents in the event of a disaster, whereas an annual premium is considerably more affordable* than you’d think and priceless when it come to your future peace of mind.
*the average cost of home contents insurance, at £141 a year, works out at less than £3 a week, with the weekly cost of a combined buildings and contents policy coming in at less than £6 a week.
Here’s where to register with FOXY Lady Insurance for a home insurance quote.
NB: Whilst the offer remains at FOXYLadyInsurance.com, all eligible non members of FOXY Lady Drivers Club who register for a home insurance quote will be offered a gift membership of the Club with our compliments.