25 per cent of Homeowners cancel house insurance cover says ABI

A recent study by the Association of British Insurers has just revealed that around 25 per cent of UK homeowners have cancelled their house insurance to try and save money in the current recession.

Many British homeowners have revealed that they have cancelled their household insurance or not renewed it during the past 12 months. A staggering 17 per cent did not have buildings insurance any more.

These statistics show that homeowners are now starting to cut back, but now run the risk of security and protection on their home and possessions. Getting rid of home insurance especially buildings protection should only be a last resort.

For more details on home insurance quotes click here.