Britons Underestimating Their 'Walking Wealth' Figures

By Mark Harris
Published on 18 Aug 2008
AddThis Social Bookmark Button
Britons Underestimating Their 'Walking Wealth' Figures

mp3 players and advanced mobile phones make Britons worth more as they walk down the street, an insurer points out today.

Many Britons are leaving themselves drastically under insured, with the value of items carried around on their persons hitting new highs.

According to Zurich, which released new figures on Britain's "walking wealth" today, the average person is carrying around £972 worth of items each time he or she walks down the street. This is up 14 percent on 2006's total, which came to £851.

In turn, this means that many people will now need to revise their home insurance policies due to the rise in value - especially as a Zurich poll, also released today, shows that 34 percent of people put themselves at high risk of being mugged by using their iPods or phones in public without concern.

Moreover, a total of 57 percent were found to be underestimating the value of the items they carry around with them - and 34 percent said that they were "shocked" when they were informed of their actual total worth.

Mike Quinton, managing director for Direct & Partnerships at Zurich said: "The majority of people in the UK are not aware of the real value of the belongings they carry on them.

"We all need to be vigilant and make sure we're discreet with these expensive items to avoid being targeted by muggers, especially during the summer when people often become complacent while relaxing in parks or on the beach with friends and family."

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

Affordable Flood Protection 'Depends on Government'
Affordable Flood Protection 'Depends on Government'

The insurance industry is calling on the government to do more on flood prevention.

Recession 'Could Bring Increase in Burglaries'
Recession 'Could Bring Increase in Burglaries'

Homeowners are being urged to make sure they have adequate home insurance cover ahead of an expected increase in break-ins.

Check Home Insurance Before Taking in Lodgers
Check Home Insurance Before Taking in Lodgers

Renting out rooms to lodgers could save money, but notifying home insurance providers is a must, it has been claimed.

Homeowners 'Doubling Up' on Contents Cover
Homeowners 'Doubling Up' on Contents Cover

Don't waste money on unnecessary insurance, consumers have been advised.

Home Insurance Small Print 'Should be Checked Ahead of Christmas'
Home Insurance Small Print 'Should be Checked Ahead of Christmas'

Burglars, burst water pipes, freezer breakdowns and festive accidents can all lead to a stressful Christmas.

Bonfire Night Revellers Given Personal Liability Warning
Bonfire Night Revellers Given Personal Liability Warning

Party hosts could find themselves in trouble if they fail to secure personal liability cover for their Bonfire Night celebrations.

Home Insurance Claims to Rocket over Hallowe'en
Home Insurance Claims to Rocket over Halloween

Homeowners should check their insurance policies as the spooky season approaches.

Rise in Home Insurance Claims Anticipated as Dark Evenings Arrive
Rise in Home Insurance Claims Anticipated as Dark Evenings Arrive

As the clocks go back, opportunist burglars are more likely to strike, according to one insurer.

Popular Related Articles

Affordable Flood Protection 'Depends on Government'
Affordable Flood Protection 'Depends on Government'The insurance industry is calling on the government to do more on flood prevention.

Latest Related Headlines

Affordable Flood Protection 'Depends on Government'
Affordable Flood Protection 'Depends on Government'The insurance industry is calling on the government to do more on flood prevention.
RSS FeedHome Insurance News
RSS FeedLatest Headlines
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 Home Insurance Guide 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 2002-2008. All rights reserved.
Home | Login | Sign Up