Music downloads 'may be uninsured'

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Music downloads 'may be uninsured'

Music which has been downloaded off the internet may not be covered by some insurance policies, Sainsbury's Finance has warned.

The firm estimates that as many as three quarters of companies will not insure the music collections their customers have amassed digitally.

It is thought that around 36 per cent of British adults now own some music that they have downloaded, with the average shopper estimating their collection to be worth £85.

For others music is a much more serious investment, with nearly a million people estimating the value of their downloads to be £250 or more.

Yet, according to Ben Tyte, Sainsbury's home insurance manager, many insurers are "lagging behind" the new technology as only 24 per cent of insurance policies cover the cost of digital music.

With a Sainsbury's home insurance policy, music to the value of £2,000 is covered.

Holidaymakers are also risking travelling without insurance, Sainsbury's has stated, with 13 per cent of people who have already booked their summer holidays having no plans to take out travel insurance.

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