Out of reach?
Those on low income have often shunned insurance, and insurers and brokers have done little to discourage them. Simon Threadgold says more imaginative schemes mean this sector is now going places, proving beneficial for all concerned
According to the Association of British Insurers, a quarter of UK homes do not have household contents cover and 1.25million motorists are uninsured. Similarly, a significant minority of people do not have banking facilities, still using cash for all their purchases.
Though the insurance industry may view the underprivileged as undesirable customers, many believe it has a moral duty to offer them cover. Ensuring everyone has insurance could also help the industry too. For example, if every driver
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