An insurance expert has cautioned householders in the region against cutting corners on home insurance as a way of coping with the cost-of-living crisis.

John Murphy, of Lycetts insurance broker, has spoken out following a YouGov survey that revealed 11 per cent of Britons would cut back on premiums and policies if the crisis affected their family budget.

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He said: "At a time like this, you need all the protection you can get, and economising on vital cover could leave you shouldering a heavy financial burden."

Inflation currently stands at 9.4 per cent – the highest in 40 years – and the Bank of England predicts it could hit 12 per cent by the autumn.

Mr Murphy added: "In light of such rises, it is essential to check contents insurance policies. Items may have increased in value since purchase, and the sums they are insured for may not reflect their true value."