Brits warned over being underinsured

Switch for the chance to WIN a pair of amazing Apple AirPods

Switch energy supplier to save up to £447* a year and the chance to win a pair of amazing Apple AirPods (T&Cs apply)

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jul 2018 and 31 Dec 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £447 or more.

A new report by Abbey has warned Britons to ensure that valuables such as jewellery are not underinsured.

Research by the firm has found that 42 per cent of engagement rings are not sufficiently covered by policies, while 16 per cent of ring owners are also unsure if they have insurance at all.

The company has warned that the rising price of precious metal may mean that households should consider taking out a higher amount of cover for their expensive possessions.

Lloyd Wilson, head of Abbey Insurance, said: "With the average engagement ring costing around £1,200, it’s important to arrange insurance immediately if you're one of the 1.8 million planning to propose this year."

"Rising precious metals prices could also result in lack of full cover, so we would recommend that people review their home contents insurance at least every six months to ensure that all their valued items and heirlooms are fully covered."

LV= also recently urged consumers to ensure any expensive sports equipment they own is covered under their home contents policy.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.

Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more