New research from Sainsbury's Home Insurance has revealed that 1.78 million homeowners are without buildings insurance and a further 656,000 people claim not to know whether they have this cover.
The research has found that female homeowners are far more likely to be without this cover than men. Among women, 1.05 million admitted to not having buildings cover compared with 722,000 male homeowners.
On an age basis, 8% of homeowners aged 65 and over and a further 8% of those aged between 25 and 34 admitted to not having buildings insurance, the highest percentage for any age group.
Neil Laird, manager of home insurance business at Sainsbury’s, said: Thousands of homes could be at risk from storms this week so it’s alarming to see so many without buildings insurance. The growing number of weather-related instances really highlights the importance of having adequate cover in this area and unlimited buildings cover ensures peace of mind that you won’t be left underinsured should the unthinkable happen.