The Money Stop

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.

Related Posts

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

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

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

Consumers could accrue bank charges over the Christmas and New Year period

According to recent data released by the consumer group Which? a large percentage of consumers in the UK could be at risk of accruing hefty bank charges by using their overdraft facilities to fund the

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. 

Am I Insured To Drive Anyone’s Car?

Confusion Whether you have got fully comprehensive insurance and want to drive somebody else’s car or whether you have only third party insurance and want to do so, it’s a confusing mess – the simple question