Weighing up the odds..badly

It seems the recession has started playing funny you know what’s with our heads!

News this week confirms people around the UK are more worried about getting burgled than they are about failing to meet their mortgage payments and consequently loosing their homes!

Now let me think…as awful as it would be to be burgled – surely in the current climate the chances of missing your mortgage payments is much higher?  Yes?  Well apparently…for some of you, the answer is…No!?!

Despite the fact that experts are predicting 75,000 families will have lost their homes by the end of this year, many homeowners are choosing to pay the insurance on their home contents rather than their mortgage cover!

LV insurance carried out this research which confirmed 65% of those homeowners questioned were more worried about having a burglary than loosing their home.  Thanks goodness 49% admitted the reality check was needed and knew loosing their home due to missed mortgage payments, must be, in this day and age a priority on anyone’s list.

Chelsea Building Society, confirmed some time ago that managing finances is still not a priority for many people and only 23% of those taking part in their research said they were now dealing with such tasks….it seems, even after these statistics were released, attitudes have not changed.

Share your thoughts here and let us know, if you had to make the choice, what you would choose to insure – your home contents, or your mortgage payments?  And if you’ve already made that choice – what was it? And do you believe it was the right one?

To enable use of cookies, you must agree to our cookie policy

We use necessary cookies to make our site work. We also would like to use analytics cookies which help to make improvements by measuring how you use the site. These will be set only if you consent and click agree.

Necessary Cookies: These cookies enable core functionality, such as security, network management and accessibility. You may disable these by changing your browser settings, this will effect how this website works and how you can use it.

Analytics Cookies: We’d like to set Google Analytics cookies to help us improve our website site by collecting and reporting information on how you use it. The cookies collect information in a way that does not directly identify anyone. For more information on how these work please read our Cookie Policy.