Renters are risking £50bn worth of belongings

The research by Norwich Union (NU) revealed that tenants are much less likely than homeowners to have home contents insurance with 72% of the 2.9 million privately rented properties in the UK without a policy.

This represents more than £50bn worth of belongings at constant risk from theft and accidental damage. The research highlights the top three reasons why renters do not take out home contents insurance as being:

High costs (30%) Not enough possessions to make it worth while (16%) It's n