British homeowners are failing to get the right level of home insurance, new figures have shown.
Research carried out by Swinton revealed that 61 per cent of homeowners in the UK have little or no idea regarding the true value of their home’s contents.
The study showed that some of the most common items which individuals forget to declare on their home insurance policy are floorings, gym equipment and expensive drinks, such as bottles of wine or whiskey.
As a result, the insurer warned that individuals could not get the full value of their belongings restored to them should they be the victim of a burglary or accident around the home.
At present, just 13 per cent of homeowners are planning some form of renovation project for their property over the next 12 months.
