According to the findings of Nationwide Building Society, an alarming number of people do not have a sufficient level of insurance for their homes.
Nearly four out of every ten people (39 per cent) do not have buildings insurance so would not be covered in the event of a flood, storm or house fire and a quarter (25 per cent) do not have cover for their home's contents.
A further third (30 per cent) of those with insurance policies are not even aware of what is covered.
"It is astounding that so many people are prepared to take such a gamble on their homes and personal belongings when you consider how much time and money we all invest in our homes," said Robin Bailey, Nationwide's insurance director.
"You never know what is around the corner and for that reason it is vital that people are prepared by having adequate insurance."
The majority of those without cover estimate the total value of their home contents to be between £10,000 and £40,000, meaning a significant number of items are not insured.To read more about insurance, click here.
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