Millions of households in the UK have been warned they are underinsured for their contents insurance.
New research found that 5.6 million homes do not have the right level of cover, while 9.3 million households do not have any contents insurance, leaving them completely unprotected.home insurance, looked at the number of residential properties in the UK and ABI statistics on the percentage of underinsured homes., said: “It’s shocking to see that so many might not have the coverage they need to keep their possessions safe.
“A good way of getting into the habit of updating your insurance is to revalue your possessions whenever your policy renews. You should also consider updating it after you’ve made any big purchases, such as jewellery or tech, or after big occasions like Christmas and birthdays where you might have an influx of new possessions.