Don't Go Without Home Insurance

We have seen a number of polls and surveys which show that some people aged 18 to 24, plan to cancel home contents insurance to save money during the current cost-of-living crisis. 

 

It’s not good news that people are looking to ‘opt out’ of their home contents policy. This highlights the extent of the current financial difficulties and while many people have cut-out luxury expenses, vital expenses are also being chopped. 

 

If you have a mortgage there is a requirement to have buildings insurance. Whereas, contents insurance is optional. But insuring your possessions is generally a sensible idea, whether you're a tenant or the property owner. 

 

 

When your home insurance is due for renewal, contact our insurance advisers so that we can shop around on your behalf, to save time and money. 

 

 

Whilst it’s not a legal requirement to have a contents policy in place, the value that it offers makes a sound financial investment, particularly in a cost-of-living crisis. 

 

A home contents policy provides cover for possessions such as: furniture, electrical items, jewellery and clothes. These would be a huge cost if you had to replace them, and the concern is that many people could risk going without this cover to save money in the short-term. 

 

If something should happen and you need to replace your contents, it would cost a lot more than the average price of a contents policy which could be as little as £1.50 a week.