Britons putting homes at risk, report shows

Residential landlords could be among those putting their properties at risk by not taking out adequate insurance.

A recently-published survey from moneysupermarket.com has revealed that almost 1.5 million homeowners are inadequately insured.

According to the report, one in 16 homeowners has either building or contents insurance, but not both.

This could inspire a number of landlords to get a cheap buy-to-let property insurance quote to make sure they are covered.

Julie Owens, head of home insurance at moneysupermarket.com, said: "Inadequate cover is a serious problem for many homeowners and is a very dangerous position to be in.

"Homeowners seem to be taking the 'either-or' approach by foregoing some part of their home insurance, but having both buildings and contents cover is important and not as costly as many may think."

According to the research, 12 per cent of homeowners aged between 18 and 34 years admit to having inadequate cover.

Posted by Royston Hunter

Get a cheap landlords insurance quote today from Simple Landlords Insurance.