4.8 million without
home insurance

People who live in social housing are twice as likely to have their houses burgled, yet more than a third have no home insurance.

Launching a scheme to improve insurance provision to those on lower incomes, the Association of British Insurers (ABI) said the 4.8 million people living in council houses were 30 times more likely to be the victim of an arson attack and eight times more likely to be living in an area at risk of flooding.

The ABI added that its new scheme, which provides fire, flood, burglary and accidental damage insurance for as little £1 per week, could help people protect their goods at a low cost.

Nick Starling, the ABI's director of general insurance and health, said: "Many social landlords are missing a trick by not providing tenants insurance.

"As well as protecting the most vulnerable, those covered are less likely to fall into rent arrears as they will be financially protected should disaster strike.

"The ABI is committed to improving the take up of contents insurance among those in rented accommodation, and we will work with the Government and social landlords to ensure that the most vulnerable people in society are financially protected against the unexpected."

Copyright © Press Association 2009
All articles are copyright The Press Association 2009. News articles provided by The Press Association for Family Investments. Whilst every care it taken to ensure accuracy of editorial content, Family Investments takes no responsibility for any errors or omissions. The views expressed in these articles are not necessarily those of Family Investments.

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