Consumers are at risk of losing hundreds of pounds worth of digital music because their household insurers may not protect downloaded material.
According to research from Which?, a third of leading home insurers’ standard policies don’t offer any form of digital cover, despite over 100 million tracks being downloaded by UK music lovers each year.
Which? found only four providers (HMV Digital, Play.com, 7digital and Tesco Entertainment) that allow customers to re-download lost tracks, and in the case of iTunes, products can definitely only be downloaded once.
The consumer group’s chief executive, Peter Vicary Smith, comments: “It’s surprising that, at a time when the popularity of digital downloads is soaring, insurers aren’t offering music lovers the protection they need.”
In other home insurance news, Legal & General’s latest FraudStoppers report reveals that many brokers believe home insurance fraud is on the increase, with little is being done to deter the fraudsters.