Sainsbury's Home Insurance advises over wardrobe worth

www.moneynews.co.uk > Insurance > Sainsbury's Home Insurance advises over wardrobe worth

Sainsbury's Home Insurance advises over wardrobe worth

Wed 23rd Sep 2009

Sainsbury's Home Insurance has told customers to check their wardrobes to make sure they know how much its contents are worth in the event of them having to make a claim.

Ben Tyte, business manager at the organisation, pointed out that people might forget that their tennis racket or cricket bat might also be kept in there and can be worth a lot of money.

He noted that as well as sports equipment, policyholders sometimes might keep shoes and bags in their wardrobe and that these would need to be covered by their policy.

Mr Tyte told customers to "think about the items that would go in the wardrobe that they might not necessarily think would be covered under insurance".

His comments were made following the release of a study by Hiscox which indicated that 69 per cent of people in the UK do not know how much the contents of their wardrobes are worth.

While this is not necessarily a bad thing, it can lead to them being underinsured.

Click here for more insurance news

Related News : Insurance
	Under-insurance 'a costly mistake for Brits'
	Rodents and pests 'causing havoc for homeowners'
	Brits 'should be aware of home cover details'
	PPI scandal 'has helped tighten financial regulation'
	Location 'can impact home insurance costs for Brits'
	FSA and CC 'failed to tackle PPI issue head-on'
	Pet cover 'important for Brits to get right'
	UK homes are 'falling into disrepair'
	Brits advised on reducing home insurance cost
	UK insurance 'has become more complex'

Related News : Sainsbury
	Sainsbury's Finance announces loan rate reduction
	People pay out 7m per year due to 'cowboy' traders, claims Sainbury's
	Sainsbury's sees 43% increase in lost or stolen holiday possessions
	Sainsburys Finance highlights benefits of credit card shopping
	Sainsburys Finance encourages customers to read terms and conditions
	Watch out for frosting thefts, advises Sainsburys Finance
	Sainsburys Finance warns consumers over crucial checks
	Sainsburys Finance lauds 'savvy shoppers'
	Sainsburys Finance 'offers extra cash to travellers'
	Sainsburys Finance highlights affordability issues relating to pets