As Brits substitute the cinema for movie downloads and tiny MP3 players take the place of racks of CDs, digital content in the home is becoming increasingly more valuable and consumers may wish to consider a specialist cover provider such as Hiscox, says moneysupermarket.com.
Research by the comparison site found that on average individuals in the UK have around £1,200 of digital downloads in the home, but 70 per cent of contents insurance policies do not cover it.
Julie Owens, the website’s head of home insurance, urged people to check whether they are covered against this type of loss and warned of the dangers of being underinsured.
Ms Owens said: “I recommend checking the small print of your policy to find out what you are covered for and to what value. For Brits with an especially high value of digital content, it may be worth considering cover from a specialist provider; Hiscox for example will insure up to £2,500 worth of downloaded material.”