Warning Given on Second Homes Contents

By Mark Harris
Published on 8 Jul 2008
AddThis Social Bookmark Button

British people are leaving possessions unattended in holiday homes, according to a new study

Wealthy British people are leaving over £6billion worth of possessions unattended in their holiday homes, according to a top insurer.

Zurich Private Clients say that an average of £15,200 worth of contents sits in second homes across the UK and abroad.

These holiday homeowners confess that they don't visit their other properties very often, with two thirds visiting no more than once every three months.

Despite this, just half (48 per cent) have window locks and only one in five (22 per cent) have an alarm fitted. Some second homeowners (six per cent) admit that they have no security measures in place at all.

The 'high net worth' insurer noticed a trend of wealthy clients being targeted by burglars, especially those with large jewellery collections.

Surprisingly, one in ten second homeowners have no home contents insurance. While over ten percent are unsure whether their cover is adequate.

Nick Brabham, head of Zurich Private Clients, says under-insurance is common and warns people to properly secure and insure their holiday homes.

He said: "We often let our guard down as we relax and unwind, but we need to ensure that we don't compromise on security or cover, leaving our property vulnerable and thousands of pounds of our possessions at risk."

The Zurich poll is echoed by the Association of British Insurers who found that the British are leaving themselves vulnerable to unnecessary risk by failing to insure their second homes.
 

Compare home insurance via money.co.uk

Money Saving Newsletter

Already registered? Login Here

Email:

We will NOT pass your details on to any third party.

See some of the recent tips you could have benefited from.

Your privacy:

Read our privacy policy.
We are registered with the Data Protection Act (1998): No. Z6245956
details
We are regulated by the Financial Services Authority: No. 415689
details



Add Your Comment

Name: 
Comment: 
You have 1000 characters left.

Latest Home Insurance Articles & News

Home Insurance Articles

TipDirect Line Offer 50% Off Contents Insurance & up to 25% Online Discount

For a limited time Direct Line are offering 50% off contents cover plus an additional discount of up to 25% on home insurance when you buy online.

Safety 'Top Priority' for Home Choice
Safety 'Top Priority' for Home Choice

A new Halifax Home Insurance survey has found that a feeling of safety plays a large role when people choose where to live.

Home Insurance Warning for Half-term Holidays
Home Insurance Warning for Half-term Holidays

New data from Swinton reveals a spike in home insurance claims during half-term breaks.

Homeowners 'Failing to Protect Collectibles'
Homeowners 'Failing to Protect Collectibles'

New research shows the extent of Britons' valuable collections - but also reveals that many are not protected by home insurance.

DIY 'Needs Accidental Damage Cover'
DIY 'Needs Accidental Damage Cover'

Homeowners planning some DIY for the bank holiday weekend should make sure accidental damage cover is included in their home insurance policies, according to AA Insurance.

Campers 'Can Protect Belongings on Home Insurance'
Campers 'Can Protect Belongings on Home Insurance'

People taking camping trips in the UK this year can extend their home insurance policies to cover possessions.

Entertaining At Home 'Costs £1.5bn a Year'
Entertaining At Home 'Costs £1.5bn a Year'

New research has suggested that Britons who entertain at home to save money could be losing £1.5 billion a year through 'mishaps'.

Average Home Contents 'Cost £45,000 to Replace'
Average Home Contents 'Cost £45,000 to Replace'

New research from Sainsbury's Home Insurance reveals the cost of replacing items lost after a fire or other disaster.

Popular Related Articles

What is the European Health Insurance Card?
What is the European Health Insurance Card?We look into what is covered by the European Health Insurance Card (EHIC) and how you can go about getting one.

Latest Related Headlines

Safety 'Top Priority' for Home Choice
Safety 'Top Priority' for Home ChoiceA new Halifax Home Insurance survey has found that a feeling of safety plays a large role when people choose where to live.
RSS FeedLatest Guides
Free Services Money Saving Newsletter
The best money saving deals, freebies, rate alerts and advice emailed to you every week.
Enter your email:
Find Companies Related Guides RSS Feeds - Subscribe!
The "advice" given in our money saving tips is for information purposes only and should not be construed as "financial advice".
money.co.uk recommends you seek professional advice before proceeding with any investment or financial decision.
Site Map | Privacy Policy | About Us | Contact Us
money.co.uk is a trading name of Dot Zinc Limited, who are authorised and regulated by the Financial Services Authority. FSA Registration Number: 415689.
Copyright © www.money.co.uk / Dot Zinc Limited 2002-2009. All rights reserved.
Home | Login | Sign Up