It may astonish you to know that 20 per cent of households in the UK are under-insured. Serious flooding in 2007 showed many households just do not have enough insurance to protect them. One in five do not know how much their contents are worth: it has been reported that the average amount of ‘stuff’.
Report dated February 2018 27 million households in the UK – THE AVERAGE amount of ‘stuff’ in a UK household is £35,000 which is more than the average annual UK salary of £27,000 THE VALUE of possessions owned by all UK households at almost £1 trillion(£1,000,000,000,000!!) is more than the government spent in.
ABI news. April 2019 25/07/2019 BEFORE LETTING OUT YOUR PROPERTY whether via Airbnb or any other Bed and Breakfast arrangement. INFORM YOUR INSURANCE COMPANY. Failing to do this, could invalidate your Policy and the insurance company could be entitled to refuse any claim you make, on the grounds of non-disclosure, even if the claim.