Tesco and Sainsbury's cut home insurance costs as contents value hits £45,000

11 May 2009 / by Rebecca Sargent
Both Tesco and Sainsbury's have cut the cost of their home insurance as it emerges that the cost of replacing the average persons contents is almost £45,000.

The research from Sainsbury's home insurance shows just how much someone who has cut back on home insurance could be forced to shell out in the event of an unexpected problem like fire or theft.

Commenting, Neil Lard, Sainsbury's home insurance manager, said: "It's staggering when you tot up all the contents in your home, just how much it would cost to replace them all should the unthinkable happen."

"Quality contents cover doesn't have to be expensive and significant savings can be made if householders shop around."

In response to the current economic climate, Sainsbury's currently offers a 25 per cent discount on home insurance, with a further five per cent off for buying both contents and buildings cover online.

Meanwhile, Tesco home insurance has launched a 45 per cent online discount on home insurance for a limited time. Commenting, Jim Bruce, head of Tesco home insurance said:

"We are aware of the strain on people's finances at the moment. This offer could help reduce one of the necessary living costs."

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