Defaqto reveals low protection in home contents insurance
Defaqto, the financial research firm, has uncovered a huge degree of variance in the levels of protection afforded for “contents in the open” under home insurance coverage.
Less than £1,000 of coverage is provided by more than four out of 10 (42%) of policies, with an almost identical proportion (43%) offering coverage of between £1,000 and £2,000.
Only 15% of policies offered more than £2,000 of coverage for objects left outside in the garden or within the boundary of the home.
Mike Powell, Insight Analyst for General Insurance at Defaqto, has said that the garden is easy to forget about when considering home insurance, but added that many items, such as plants, barbecues and garden furniture can be expensive to replace.
Homeowners are advised to check policies carefully, to ensure they know the detail of policy wording, what is covered and what is excluded, and what area is covered.
Category: Home Insurance News, Insurance News
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