Brits underestimating home contents insurance, says Legal & General

Although Legal & General has calculated that the average value of the contents of a house is estimated to be over £40,000, the survey highlighted that the majority of the British public, 59% estimate that the cost to replace the contents of their whole home would be below £40,000.

The survey also found that over a quarter, 27% valued their contents at less than £20,000, so possibly 100% less than their cover should be. This would suggest that Brits could be seriously undervaluing the content