Possession insurance more common than life insurance
November 14, 2007 by admin
Filed under News, News-Insurance
More Britons insure their possessions than their own life, according to recent research from Legal & General.
A full 66 per cent of those surveyed said they had house insurance, but just 41 per cent said that they had taken out life insurance, the survey found.
Additionally, while 22 per cent of respondents reported having insurance for their mobile phones, 17 per cent had critical illness cover.
Bonnie Burns, Legal & General’s protection product marketing director said: “The nation’s priorities seem misguided, with people more worried about losing their mobile than about how they would cope financially if they had a critical illness.
“We all know that it is difficult to face up to our own mortality, but when insuring possessions is prioritised above insuring lives, then something has to be done.”
In 2005-06, a total of 212 workers were killed in accidents, according to the Royal Society for the Prevention of Accidents.
