Could switching insurers mean better deal?
While Britons who rent their home may find any buildings insurance is covered by their landlord, they could still wish to secure contents protection, to ensure their own belongings are covered in the event of them being damaged or stolen.
But as the recession rumbles on, more people may feel they cannot afford such cover, while those who do have an insurance policy may be considering cancelling it.
However, Neil Munroe, external affairs director for Equifax, said rather than ditching home insurance, consumers should instead consider switching providers to get a better deal.
He explained: "Insurance is very important, but obviously it is difficult for people to realise this until they come to make a claim.
"Just like all insurance, [home cover] never seems of value until you need it."
Mr Munroe advised Britons struggling with their insurance premium to shop around for a better deal to allow them to reduce their monthly payments.
People who choose flats to rent in Kensington or another part of London, rather than buying a home in the same area where prices are likely to be high, could find they save enough money to put towards contents insurance.
Written by Chris Price
Published 21st January, 2010
© 2010 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Enfield £1.3bn masterplan unveiled
A masterplan has been unveiled that will see a 200-acre site in Enfield regenerated as part of a £1.3 billion plan.
Read Article ... Published on 23rd May, 2012
Londoners encouraged to grow their own fruit and veg
People in London are being encouraged to grow their own fruit and vegetables.
Read Article ... Published on 22nd May, 2012
Merton 'embraces green improvements'
Merton is now a cleaner, greener location to live in thanks to the implementation of the Wandle Valley Low Carbon Zone (LCZ).
Read Article ... Published on 22nd May, 2012
London house prices rise by 1,782% in past 35 years
London house prices have increased by 1,782 per cent in the last 35 years.
Read Article ... Published on 21st May, 2012
Poplar's Chrisp Street to get £100m regeneration
Some £100 million is to be spent regenerating the Chrisp Street area of Poplar in Tower Hamlets.
Read Article ... Published on 21st May, 2012
Putney community hall gets £150k refurb
Newlands Hall in Putney Vale, Wandsworth, has reopened after undergoing significant refurbishments.
Read Article ... Published on 18th May, 2012
Harrow cycling and walking routes improved
Extensive improvements have been be made to the cycling and walking routes in Harrow.
Read Article ... Published on 17th May, 2012
Norwood Park gets outdoors gym installed
An outdoor gym has been installed in Norwood Park in an effort to encourage more people to take up exercise.
Read Article ... Published on 16th May, 2012
Brixton to benefit from £75m regeneration
An estate in Brixton is to be improved thanks to a £75 million development project.
Read Article ... Published on 16th May, 2012
Olympic concerts to be held at Hyde Park
A series of Olympic-themed concerts are to be held at Hyde Park.
Read Article ... Published on 15th May, 2012
Rather than abandoning their contents insurance payments, tenants may instead wish to consider switching providers to take advantage of a better deal, it has been suggested.