One in Five UK Households Underestimate Home Contents Marketwire (press release)
MANCHESTER, UNITED KINGDOM--(Marketwire - May 3, 2010) - Twenty per cent of households in the UK are underestimating the real value of their home contents, according to figures released today by Swinton.
A survey of 1,500 customers by the UK's leading high street insurance retailer revealed one in five UK home owners have failed to update their contents insurance in the last two years despite making numerous purchases.
A further 15% confessed to not knowing whether valuable items such as jewellery, watches, artwork and antiques were covered within their policy.
With the average British home contents worth over £40,000, thousands of homeowners across the UK are insured for much less.
Less than half of UK homeowners said they kept hold of receipts and guarantees for expensive purchases or made a note of model names or numbers – something which can be a huge help in the event of a home insurance claim.
Only 12% of customers surveyed said they took the time to list their contents in a logical order by going from room by room.
