UK renters are putting themselves at risk of homelessness by failing to have a financial safety net in place, research from Scottish Widows has warned.
More than a third (38%) of private renters admit that they'd not be financially secure if their household lost its main income. And nearly four in 10 (39%) - amounting to 4.14 million people - said that if they fell seriously ill and were unable to pay their rent, "they would have no idea" where they would go or could be left homeless. Just 4% of private renters have critical illness cover and 22% have life insurance, leaving them at risk of eviction and financial hardship due to lack of a back-up plan if the unexpected were to happen. The research also revealed that more than...
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