Home insurance bamboozles Brits, says survey
www.moneynews.co.uk > Insurance > Home insurance bamboozles Brits, says survey
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Money News |
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Home insurance bamboozles Brits, says survey
Tue 17th Mar 2009
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The poll, conducted by Gocompare.com, showed that nearly one quarter of Brits simply read and file their home insurance renewal documents allowing the policy to renew automatically, because they are bamboozled by them.
However, Gocompare.com warned that those who do so are potentially missing out on "significant" savings.
Hayley Parsons, chief executive of Gocompare.com, said: "The language used and the technical nature of renewal documents make them a less than compelling read, but renewals contain important information which could affect your financial wealth."
She added that it is also essential to check that the policy is relevant to the homeowners' needs.
Recent research by Abbey revealed that the number of domestic break-ins is likely to rise because of the recession, meaning that home insurance could potentially become more important.
Click here for more insurance news
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