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Rise in burglaries makes cutting back on insurance criminal says the ABI

With today's Government figures showing a 4% rise in home burglaries in the last quarter of 2008, the ABI warns that families who are tempted to save money by cutting back on their home insurance should think again.

Nick Starling, the ABI's Director of General Insurance and Health, said:

"Many families will be looking to trim their budgets as the recession bites, but cutting back on home insurance is a false economy. Last year, insurers paid over 6,000 claims, paying out some £7 million, every week, to burglary victims. Without insurance, becoming another crime statistic could plunge you deeper into financial trouble, from which it may take years to recover".

Last updated 01/07/2016