'Untapped' rental protection market worth £400m a year

There is a potential market of eight in 10 renters without cover, a new report entitled ‘Protecting Generation Rent' has revealed. The research, commissioned by Hymans Robertson, found that 18% of UK renters believe they have some form of income protection in place, leaving an annual protection gap of £30bn. According to the report, there is an untapped market of income protection premiums worth up to £400m a year from UK renters. The research found that a fifth of renters are concerned about not being able to pay the rent because of being ill and unable to work - the second highes...