UK homeowners view burglary as a greater threat to their homes than being unable to meet their mortgage payments, according to research published by insurer LV=.
65% of those surveyed see burglary as the number one threat to their home, compared with 49% citing mortgage payment problems as a significant threat.
Similarly, almost half of UK homeowners believe they are likely to be burgled at some time (49%) while 38% worry that they may be made redundant. This is despite the latest official figures showing that currently we are more likely to become unemployed than to be burgled.
Around half of Britain’s homeowners take out insurance policies to protect their domestic appliances, plus we spend an average of £1,266 each on burglar alarms, security lights and other deterrents.
However, only just over a third of homeowners (37%) have taken out any form of insurance to cover their mortgage payments in case they should suffer a sudden loss of income.
Chris McFarlane, head of protection at LV=, said: “Owning and protecting a home is a prized part of British life