How IP is poised to protect the rental market

New lease of life?

Adam Saville
clock • 7 min read

Adam Saville explores how advisers, with help of providers, are approaching the rental market

Last year, a survey from Sainsbury's Bank revealed that only a quarter of renters (26%) are likely to have life insurance or critical illness cover (CI), compared to almost half of homeowners. Bearing in mind that income protection (IP) sales still make up less than 50% of CI sales, we expect the figure for renters covered by IP to be significantly less than a quarter. In fact, recent research by Hymans Robertson suggested that only 18% of UK renters believed they had some form of IP in place - even that figure, to us, feels a tad optimistic. The lack of financial protection on risk for renters...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

Insurance broker platform launched amid Ascend Broking sale

Insurance broker platform launched amid Ascend Broking sale

Focus on the regional insurance broking market

Jaskeet Briah
clock 14 January 2026 • 1 min read
Insurance an appealing market for graduate careers: FREE

Insurance an appealing market for graduate careers: FREE

38% thinking of leaving due to poor public perception

Cameron Roberts
clock 13 January 2026 • 1 min read
2026 adviser predictions: Underwriting and pricing

2026 adviser predictions: Underwriting and pricing

"Let's get back to a market where we have outliers and that is seen as a good thing"

Jaskeet Briah
clock 13 January 2026 • 5 min read