A survey has found that younger generations are more likely to under insure their home contents.
A survey has found that younger generations are more likely to under insure their home contents.
The study identified the three main pitfalls when it comes to contents insurance:
• Being unaware that some policies have a single-item limit
• Not knowing how to accurately calculate the value of possessions
• Not having an up-to-date contents valuation.
68% of respondents aged under 25 were likely to be caught out by all three of these mistakes, while the same only applied to 17% of over 55s. So, many young adults have not sufficiently protected their possessions and, should they need to make a claim, they risk not receiving the full pay-out.
Contact us to make sure your possessions are covered correctly. Its really important that you have the right insurance in place for your specific needs and circumstances.
As with all insurance policies, conditions and exclusions will apply.
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