Those Renting at Risk

Those Renting at Risk

Aviva reports a “survey reveals just one in five renting households has life insurance, compared to three out of five (58%) households with a mortgage. This suggests almost 8 million renting households could be without life cover. Just 3% of renting households have critical illness cover or income protection, according to the study.

Without protection insurance, families risk being unable to maintain their family’s standard of living, including rental payments, in the event of an unexpected loss of income due to ill health. 

Figures from the Office of National Statistics show that the number of households in the private rented sector in the UK rose from 2.8 million in 2007 to 4.5 million in 2017, an increase of 1.7 million (63%) households.”  Read more 

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