Many homeowners may be inadequately insured...
Many homeowners may be inadequately insured for possessions which are left outside, according to a new report, Home Insurance in the UK, published by Defaqto.
The report revealed that 20% of policies had cover up to only £300 for items such as garden furniture, heaters, barbecues and children's bicycles.
Almost half (48%) of home contents policies provide cover up to £500 for possessions left in the open and 22% provide cover of £1,000 or more. But Defaqto warned homeowners to check the small print as many policies exclude storm damage and some do not include bicycles.
