Gus Park, Managing Director for AA Insurance Services, comments on the number of renters that do not have any home insurance cover.

A quarter of private and social renters do not have any form of home insurance, according to a poll by AA Insurance Services.

In a survey of 798 private tenants, 26% said that they did not have any form of insurance in place, but 55% said they had cover for their contents, while around one in 10 said they had buildings and contents cover (9%).

In comparison, the survey of 669 tenants of housing association and local authorities found that 23% did not have any form of home insurance. Three fifths (62%) have contents cover, and 6% have home insurance covering them for both building and contents cover.

Gus Park, Managing Director for AA Insurance Services:

During a cost of living crisis, people look for ways to reduce their outgoings. Worryingly, some may choose to drop their home insurance in an effort to save money.

While there is a strong take up of contents cover for renters, the reality is that some tenants are running an unnecessary risk. Contents insurance is very affordable and provides piece of mind that their belongings are protected should the worst happen.

Rather than discover at the point of claim that something isn’t covered, we urge everyone to check their insurance documents so they can be certain that they can make a claim if they need to. Cover for accidental damages, precious valuables and bikes are often additional, so if you want them included in the policy they need to be added on.

Full release: Quarter of renters shun home insurance

✉️ AA Public Affairs, 01256 493493