Subscribe to The Money StopNews Feed

Browse > Home / News, News-Insurance / Important documents ‘left languishing in drawers’

Important documents ‘left languishing in drawers’

June 13, 2007 by admin  
Filed under News, News-Insurance

Leave a Comment


Brits are leaving their home insurance documents unread and have no idea of what they are covered for or the terms of their contract, according to new research.

Tesco Home Insurance has found that a third of homeowners in the UK leave their insurance documents languishing in a drawer with 41 per cent of them saying they have no idea of their content cover limit, despite this having massive repercussions in the case of a theft.

You should always make sure that any precious articles in your home are specified in your contract if they are above your insurer’s individual article limit. And always tot up how much all your possessions are worth so you do not become underinsured.

“We would urge all homeowners to read through their documents to familiarise themselves with the terms and conditions of the policy they have purchased. If they are unsure of any points, they should contact their insurer for clarification,” said Allan Burns, from Tesco Home Insurance.

He said another thing Brits may want to consider is family legal protection cover and accidental damage cover for any accident-prone people.

Tags:

Related Entries

  • ID theft avoidance guide
    • Millions of Britons are leaving themselves open to identity theft because they are failing to face up to the reality of the problem.That is according to the Information Commissioner's Office (ICO), which says that all
  • ID theft warnings ignored
    • Too many Britons are still bypassing advice on how to protect themselves against identity theft, credit reference agency Callcredit has warned.A third of Britons continue to throw away documents such as bank statements and receipts,
  • Consumers having problems finding online savings accounts
    • For some time industry experts have been urging consumers in the UK to shop around when it comes to finding a suitable savings account and not to stick with a savings account that they may
  • Recreated paperwork could cause problems for borrowers
    • According to a recent report many lenders tend to misplace or lose loan and credit agreements, and in some cases this paperwork is even disposed of, which means that if and when the banks need
  • Pet insurance could save you a fortune
    • According to a major UK pet insurance company having some form of pet insurance in place could help some pet owners to save a fortune on the cost of caring for their beloved pets over
  • Are You Paying For Your Cash Back Credit Card?
    • The offer seems to be too good to be true.  Spend money on your credit card and your provider will give you cash back on the card as part of your credit card loyalty program. 
  • Brits hiding their cash around the house
    • A recent report has revealed that an alarming number of Brits like to hide money around their homes in order to have ready cash when they need it rather than having to go to a
  • Highest number of insurance calls since 2007 floods
    • The recent storms and bad weather have generated the highest number of calls since the floods of last summer, according to one insurer. Abbey stated that call volume doubled by half with people enquiring about

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!