Household assets worth up to £ 266bn ( $ 370bn ) are being left uninsured in the UK , according to new figures . Mr Shepherd said people should ensure that when their policy is due for renewal they review the value of their possessions to make sure they are adequately covered. The Association of Home Insurance ( ABI ) estimates the total value of possessions in UK homes is around £ 950bn , but more than a quarter of households have no contents insurance . The Association 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 Association of Home Insurance ( ABI ) estimates the total value of possessions in UK homes is around £ 950bn , but more than a quarter of households have no contents insurance . The Association 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 .