Quarter of Britons cancel home insurance to save money

Nearly one in four people have cancelled their home insurance in a bid to save money during the recession research from the Association of British Insurers found. Around 22 per cent said they had either cancelled or not renewed their home contents cover in the past 12 months, and a further 17 per cent no longer have any cover. People living in Scotland are the most likely to cancel or not renew their cover.