Household assets worth up to £266bn ($370bn) are being left uninsured in the UK, according to new figures. He continued: "With a wide variety of policies available, including no-frills policies tailored to people on limited budgets, insuring your possessions can mean that if the worst happens you are not left counting the cost for years to come”. The number of people who have no insurance at all has risen by more than a third since 2010, with one million households now without cover. The organisation says the average home in the UK has contents worth £35,000, but many people underestimate what their possessions are worth. It points out the average cost of home contents insurance is just £141 a year.
Household assets worth up to £266bn ($370bn) are being left uninsured in the UK, according to new figures. The number of people who have no insurance at all has risen by more than a third since 2010, with one million households now without cover. The organisation says the average home in the UK has contents worth £35,000, but many people underestimate what their possessions are worth. It points out the average cost of home contents insurance is just £141 a year.