Insurance Age

Cover sacrificed to save money

Almost a quarter of people have ad- mitted to cancelling or not renewing their contents insurance in order to save money, according to research by the Association of British Insurers (ABI).

Rather worryingly other insurances are also being ditched, despite customers' inability 'to cope with the unexpected' being the biggest single concern for families in the recession.

These are the findings from a national survey of over 2,000 adults conducted by YouGov, on behalf of the association.

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