With the number of claims taking place in the winter months rising by almost £400 the insurer is now calling on homeowners to take stock of their cover before it’s too late.
Sue Green, head of home insurance at Saga, said: “Our research has highlighted that there is a real lack of understanding about home insurance. People could be underinsured for years and only realise when it’s too late.
“The key is to look at the contents cover you have in place and to assess whether it meets your needs and your situation. Doing so is a simple and effective way of making sure you can claim for any damaged of lost items that your policy covers, giving you peace of mind.”
The Association of British Insurers estimates the average contents value in a three-bedroom home as £55,000.