24 May

Yorkshire property owners issued insurance warning

Yorkshire property owners issued insurance warning

People with luxury homes in Yorkshire, as well as those who own typical houses, have been issued a warning concerning insurance.

According to new figures from Yorkshire Bank, around one-in-four consumers residing in the county do not have contents cover for their possessions.

In addition, a third have not got buildings insurance, the firm claimed.

Because of this, around 500,000 households face potentially footing the cost of a break-in, which could be expensive.

Responding to the findings, head of retail at Yorkshire Bank Steve Fletcher said: "Adequate home contents insurance can't stop the crime from happening but it can ease the burden should the worst happen."

He added that security measures are not sufficient to deter thieves in all cases, meaning it is crucial to have cover in place.

Meanwhile, statistics produced by Clydesdale Bank show that uninsured victims of burglary across the UK as a whole face a combined bill of £200 million per year.

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