BCIS study reveals nearly a third of UK home insurance policies are incorrect
Among others, a study from Confused.com recently revealed that 30% of people insure their homes for current market value.
The BCIS research has shown that, if this practice was conducted across the UK, 58% of properties would be over-insured, with homeowners paying an average of £140 more premium than necessary while 21% would be under-insured with an average shortfall in cover of £40,000.
The BCIS has highlighted London as the area at highest risk of over-insurance with homeowners on average
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