30 January 2019
Congratulations! You’ve left home, rented a place and granted, you are not on the property ladder just yet BUT it is a start.
Affectionately known as ‘generation rent’, those aged between 20-39 years of age are increasingly finding that they can’t afford the cost of the average house here. Buying is all but a dream, especially as Ulster University’s House Price Index now reports that the average cost of a house in Northern Ireland is £153,448 and that’s a lot!
So, until becoming a homeowner turns into reality, it’s recommended that the renters out there start taking content’s insurance a little more seriously to avoid terrible losses should something happen to their stuff.
Money worries are a reality and we know that insurance is probably not up there on your list of priorities, but it is worth having.
You might think that it’s ok, the likelihood of something happening is slim and nothing really has a lot of value anyway. But content’s insurance actually cover’s a lot of different stuff.
Picture this, your friend has split red wine all over your lovely cream sofa, or worse still, your phone falls down the toilet. You may laugh, but it’s reported that 1 in 5 people have dropped their phones down the toilet - that’s a lot of phones! It’s times like these, that content insurance is a must.
It’s therefore a pretty cost-effective measure which in the long run, could help towards growing that savings account to finally get onto the property ladder.
If you’re thinking content’s insurance might be handy to have, or if your policy is up soon, give our team a call for a quick chat.