Only 24% of home policies cover iTunes downloads
Only 24% of home insurance policies would cover the estimated £1.3bn of download music, Sainsbury's Home Insurance (which covers up to £2,000 of downloaded tunes) warns.
- 36% of adults owns downloaded music
- Average value now at £85
- 1 million people have more than £250 downloads
- Just 5% of people downloading digital music know for certain that their digital music is covered.
- 23% are either pretty certain or expect that they wouldn't be covered
- 55% have no idea what the details of their insurance policy are
Ben Tyte, Sainsbury's Home Insurance Manager, said: "Downloading music has taken off in recent years, but many home insurance policies are lagging behind in terms of covering people for their purchases.
"There may be an assumption from consumers that once they've made a purchase any loss could be recovered from the retailer but most outlets only allow for a single download.
The likes of Amazon and iTunes do offer receipts via online accounts so even if a computer was totally destroyed the customer would be able to retrieve these and claim for their loss on their home insurance policy.
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