Released on: August 4, 2008, 1:43 am

Press Release Author: Propeller Communications

Industry: Consumer Services

Press Release Summary: 36 per cent state that they do not have, or do not believe
they have, enough contents insurance cover for their homes.

Press Release Body: More than a third of the UK population may knowingly be
under-insured. In new research commissioned by digital document storage provider
MyGlobalSafe.com 36 per cent stated that they did not have, or did not believe they
have, enough contents insurance cover for their homes.

Other key finding were that although 77 per cent said they kept receipts of valuable
items, 74 per cent did not know whether they would be able to find their receipts. A
massive 98 per cent revealed that they failed to keep a full inventory of their
possessions and that, in the event of a disaster, 81 per cent would have to work
from memory alone.

Nick Charles, Managing Director at MyGlobalSafe,com, said, "The shocking figures
from this research show that despite the increasing risk to homes in the UK,
particularly from flooding, people are simply not taking the need to have adequate
contents insurance seriously enough. The insurance industry needs to do more to
highlight the financial risk people are taking by not having enough cover."

The research also showed that less than 2 per cent of people make copies of their
receipts and file them separately in a secure location away from home, while 59 per
cent said they never kept copies of other important documents such as passports,
which are at risk in the home.

"Having enough cover for your insurance is obviously a good first step but what
happens if you need to make a claim? It seems that even many of those who do have
enough contents cover would struggle to find the receipts or know what possessions
had been lost in the event of a flood or fire," concluded Charles.

-ENDS-

For further information please contact:
Conway Wigg
Propeller Communications
T: 0870 066 4608
E: conway.wigg@propellercom.com

About My Global Safe

My Global Safe Ltd. (www.myglobalsafe.com) is a provider of highly secure, off-site
and backed up data storage services to the Insurance and Travel markets.

MyGlobalSafe.com offers its software via subscription to deliver a personalised
on-line electronic filing cabinet that makes the off-site back-up of individual
documents and possessions easy.

MyGlobalSafe.com is a service that employs sophisticated encryption so that the data
is stored securely in a high availability environment so that wherever the user is,
at any time, total access is achievable.

The business priority is to deliver exceptional customer service through quality
systems and superior technical support.

My Global Safe Ltd is a registered company (5849705) in England and can be contacted
on 01444 240 273.

- ENDS -


Web Site: http://www.myglobalsafe.com

Contact Details: My Global Safe Ltd
The Forum
277 London Road
Burgess Hill
W. Sussex
RH15 9QU
T: +44 (0)1444 240 273