Insurance Cares: 16m without contents insurance

Row of houses and parked cars

A report by the Financial Inclusion Commission (FIC) has highlighted huge gaps in insurance coverage across the UK.

The body, which is a cross-party campaigning organisation made up of experts, MPs, Peers and social-policy leaders, found that 16m (35%) people in the UK do not have contents insurance.

The report, entitled Access to Insurance, also found that 60% of those earning £15,000 or less per annum have no contents cover and few of these people could afford to replace lost belongings.

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