UK Money News
18th August 2008
Millions of Brits' possessions are underinsured
Millions of Britons are significantly underinsured when out walking on the nation's high streets, it has been revealed.
Research conducted by Zurich Insurance shows that each Briton carries an average of £972 of goods on their person when they leave their home.
This represents a 14 per cent rise from two years ago when the figure was just £851.
However, the majority of the sample were found underestimate the value of their goods – potentially leaving them underinsured if they fall victim to crime or accidental loss or damage.
Mike Quinton, managing director for Direct & Partnerships at Zurich said, "The majority of people in the UK are not aware of the real value of the belongings they carry on them.
"We all need to be vigilant and make sure we're discreet with these expensive items to avoid being targeted by muggers, especially during the summer when people often become complacent while relaxing in parks or on the beach with friends and family."
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