Up to 5,000 of the homes affected by June’s floods have no contents insurance, estimates Abbey.
Government reports estimate that around 20,000 homes have been affected by the recent flooding and research from Abbey Home Insurance indicates that up to 25% of these – more than 5,000 homes – could be uninsured.
The ABI puts the figures even higher – they estimate 27,500 homes and 7,000 business have been affected, at a cost of around £1.5billion.
Abbey spokesman Prasad Shastri said: "For some people home insurance is considered an optional extra, when in fact good cover for your home is vitally important for protecting yourself against the unknown, such as the recent flooding.
“This demonstrates how important it is for people to ensure that they not only protect their property, but take out a policy that will comprehensively cover them.
“There will be some victims of the flooding who will believe they have been covered but when they come to claim for the damage caused to their home they will be turned down because their insurance company will not properly cover them.
“Our research shows that each year, an average of 257,000 of all home insurance claims are declined as a result of the policyholder not having the appropriate home insurance cover.”
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