June 25, 2009

Brits are cutting back on their insurance spending in an attempt to save money. Or so say Sainsbury’s Finance.

Their latest press statement suggests that nearly 950,000 UK residents have either given up or cut their home contents insurance, whilst another 700,000 have reduced or stopped payments for their buildings protection.

Nearly 600,000 have reduced their car insurance, and over half a million have dropped their life insurance policies to pay “more important bills.”

Sainsbury’s home insurance manager, Neil Laird, warned (a little late for some) that reducing or axing insurance cover could have “serious financial consequences – were anything to go wrong.”

To see how the situation has moved on since we last “covered” this story in April, click here.


ShareShare


What our clients say about us

Jo was friendly while still professional. She answered any questions and was patient and happy to help. Next steps and cover confirmation could have been a bit clearer. I've had calls from credit hire that I was expecting for replacement bike but they were pushing to do repairs. I was told this would be done by an approved repair. I called just after 9am to notify a claim and was told I would receive a call back within 10 to 15mins. I had to call back an hour later as no one had called back. The lady who answered, Jo, did deal with things straight away and was very helpful
Mrs. L - North Shields