Britons 'worth most' at 46
Related Articles |
| China is 'an attractive investment' People looking to move abroad should consider China as its booming economy makes it an attractive investment, according to a property website. 20th November 2008 |
| Egypt is 'easy to move to' People may want to consider becoming an expatriate in Egypt as the African country has many advantages for foreign investors, claims a property website. 20th November 2008 |
| Investment increases in Mexico People looking to move abroad may be interested to know that there is great potential for investment in Mexico, claims a property company. 19th November 2008 |
| UAE expatriate community 'on the rise' The United Arab Emirates (UAE) is expecting to witness a dramatic growth of expatriates in the coming years. 19th November 2008 |
| Expats starting 'to discover' Brazil People looking to move abroad may be keen to know that Brazil has only recently become a popular place to buy property, according to the Embassy of Brazil in London. 19th November 2008 |
| News archive |
A report from More Than Insurance has concluded 46-year-olds are worth the most when it comes to the total value of personal possessions kept in the home - £40,919 to be exact.
According to the survey, under 40 it is the 28-year-olds who have the second-highest value of possessions with £33,166.
However, the report has also found 56 per cent of Brits have no idea as to the total value of their possessions, while half believe their current level of home insurance will cover them for the rest of their lives.
The insurer said many may be underestimating the true worth of their home, as the average 40 year old thinks the total value of their personal possessions is £28,917 – it is actually £40,125, over £11,000 more, according to More Than.
More Than product director Dowshan Humzah said: "It's interesting that the magic Lifesworth age falls within the fifth decade - it adds weight to the old adage that 'life begins at 40'.
"What's concerning however is how little thought people seem to be giving to the total value of their possessions.
"The report shows that on average, people spend £13,000 every five years on things they keep in their home so home contents policies need to be checked and updated regularly as a result."
More Than have helpfully supplied a calculator to help householders work out the true value of their possessions, so they can get the right level of insurance.
2008-06-25
