Aviva reveals underinsurance in particular group of UK households

Aviva | July 31, 2019

Aviva reveals underinsurance in particular group of UK households
If new research from Aviva is anything to go by, it looks like a good percentage of renting households in the UK are not protected against income loss resulting from serious illness, injury, or death. A survey conducted by YouGov on behalf of Aviva shows that just one in five households in rented accommodation has life insurance, compared to three out of five of their home-owning counterparts with a mortgage. Meanwhile the poll also found that only 3% of renting households have critical illness cover or income protection. In addition, a mere two out of five households in rental properties have home contents cover to protect their belongings. “More and more households are living in rented accommodation, as house prices continue to be out of reach for many,” noted Paul Brencher, UK health and protection director for Aviva. “There are a number of benefits to renting – it provides flexibility and can allow people to have their own space sooner than if they were saving to get on the property ladder.

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