Quantcast

More than half of Brits unknowingly void insurance

0

More than half of Brits have committed offences that void their car or home insurance, according to new data from leading price comparison website MoneySuperMarket, despite knowing it could leave them unprotected in the event of an incident or burglary.

From letting others drive your car to leaving windows open in the house, the report from MoneySuperMarket reveals the list of seemingly minor misdemeanours that Brits knowingly commit.

Over a tenth (13 per cent) of Brits admit to moving jobs without telling their car insurer of the change, despite half of those surveyed (46 per cent) being aware that it could void their insurance. Updating this information is important as it can affect the way car insurance premiums are calculated, with some occupations being deemed more of a risk. MoneySuperMarket research from earlier this year found that ‘students’ without jobs who list themselves as ‘unemployed’ can add 51 per cent to their premium – costing them a huge £6772.

A further five per cent of Brits have also started a home business without informing their home insurer, despite more than half (55 per cent) being aware that it could void their insurance. From storing stock and selling clothes on eBay, to hosting beauty business parties at home, these set-ups could invalidate insurance policies.

While more than half (56 per cent) are aware that leaving their windows open will void home insurance, a third (34 per cent) still knowingly put themselves at risk by doing so. Half of those surveyed (50 per cent) are aware that letting someone else drive their car is a violation of car insurance, yet a third (31 per cent) are still willing to take the risk.

As Brits prepare to host family and friends for the Christmas festivities, the research reveals that one in 10 (nine per cent) have renovated their homes and not informed their insurers, despite a quarter (26 per cent) of those surveyed knowing that it could void their insurance.




Share.