Closing the protection gap for social renters
Despite falling premiums and targeted schemes, two thirds of renters still go without contents insurance. Tom Luckham explores the industry's efforts to close that gap whether the real barrier to greater take-up of contents insurance among renters is price, product or trust.
According to the Financial Conduct Authority’s Financial Lives Survey, 67% of renters did not have a contents insurance policy in 2024, compared to just 11% of homeowners.
Lacking contents cover can
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