This means that in a worst-case scenario of loss or damage, millions will not receive the funds they’d need to repair or replace their possessions - even if they claim. 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. The calculations, by Go.Compare home insurance, looked at the number of residential properties in the UK (based on the 2021 census) and ABI statistics on the percentage of underinsured homes.
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