New research from Confused.com has identified an increase of 115% in the value of Britain’s home contents over the past 15 years.
Its research shows the value of home contents has grown from less than £5,000 to over £10,700 in 15 years. However, it claims that the true average of contents in a home is around £50,000, meaning homeowners are underinsured by 79%.
Confused.com has created an iPhone application called ‘Home Calc’ which is designed to help with content calculations. iPhone owners will now be able to log their contents on a centralised portal which will provide a true picture of the valuables they own – thus enabling them to gain adequate home insurance.
Darren Black, head of home insurance at Confused.com said: “What fills our home changes every year with continuous new must-have gadgets. As the British public buy more and more of these items