Half Of UK Renters Have No Home Insurance, Study Finds

Law360, London (March 23, 2021, 2:01 PM GMT) -- Approximately half of Britain's privately rented households have no home insurance policy, the country's largest building society has said, amid concerns that many people are unaware that their landlord requires cover and are placing their tenancy at risk.

According to a study published on Monday by Nationwide Building Society, the contents of an average property are worth just over £25,000 ($34,500), but 22% of households across the country do not have home insurance. Just over a quarter — 26% — do not know whether they have cover, making a total of 48% of renters, or 2.13 million households.

Little more than half, 52%,...

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