UK insurers paying out £77m daily, says ABI
Trade body's research shows insurers pay out more on claims daily than ever before.
UK insurers paid out the equivalent of £77m in claims every day, according to statistics from the Association of British Insurers (ABI).
The figures, published in the ABI's 'Key Facts 2015', showed that insurers pay out almost £8.2m in domestic claims daily to repair homes and replace contents.
However the trade body noted that despite an average combined buildings and contents policy costing just £24 a month, 1 in 5 of UK households do not have contents insurance.
In addition it said that the
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