Up to 1.78m homeowners without insurance
March 13, 2008 by admin
Filed under News, News-Insurance
Up to 1.78 million homeowners do not have buildings insurance while a further 656,000 consumers are not aware whether they possess it, one financial expert has claimed. 
The research from Sainsbury’s Bank shows that female homeowners are more likely to be without cover than their male counterparts with 1.055 million women admitting to not having it in place.
A further eight per cent of homeowners aged 65 and over and another eight per cent of those aged between 25 and 34 said that they do not have buildings insurance.
Neil Laird, home insurance manager with Sainsbury’s said that thousands of homes could be at risk from storms this week, so it’s alarming to see so many without the insurance.
“The growing number of weather-related instances really highlights the importance of having adequate cover in this area and unlimited buildings cover ensures peace of mind that you won’t be left underinsured should the unthinkable happen,” he stated.
Meanwhile, the firm said that the earthquake from last week could result in 3,250 home insurance claims.
