THE CO-OPERATIVE INSURANCE: Not Got Home Insurance? Don’t Take the Risk
>> Friday, June 17, 2011
MANCHESTER, England--(BUSINESS WIRE)--This statistic may surprise you but only a quarter of UK households are protected by any form of home insurance*.
With companies like The Co-Operative Insurance providing cheap home insurance, it needn’t cost the earth to protect your home and your personal possessions.
The three quarters of UK households that aren’t protected by home insurance have perhaps not carefully considered the consequences below.
- Financial loss
If your home is not protected by any buildings or contents insurance you’re taking a huge gamble. With the British weather more unpredictable than ever before, you could be facing an astronomical repair bill for flooding or structural damage sooner rather than later.
It doesn’t make financial sense to gamble your home and possibly entire financial future for the sake of the cost of a cheap home insurance policy.
It’s impossible to tell when something catastrophic might happen to your home so make sure you don’t let your renewal date pass without taking action if you do currently have a policy.
- Emotional loss
Without any home insurance you run the risk of emotional loss as well as financial. For example, having your home burgled and losing valuable contents will hit you in the pocket if you need to buy your own replacements but also have an emotional impact by perhaps not being able to recreate your previous lifestyle.
How would you feel if the roof of your house was blown off and you had no home insurance and no money to fix it? It’s not just finding the money that would be hard, it’s also the fact you’ll be kicking yourself for not paying for a cheap home insurance policy in the first place.
- A question of priorities
Financial difficulties have an impact on many people across the UK, but when it comes to home insurance you should try to prioritise this.
There are few things more important than having a safe roof over your head with your personal possessions inside. Spreading the payment for your cheap home insurance can lessen the financial impact and save you from worrying about the day that something unexpected may happen to your home.
While it’s not illegal to have no home insurance, it’s something that could really come back to haunt you.
Statistically, the chances of a natural disaster like flooding or wind damage happening to your home are slim but is it a risk worth taking? And what about your possessions; can you be 100% sure that nobody is ever going to attempt to break into your home?
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