insurance industry news
A law firm and the general has found that Britons think it's more important to protect your mobile phone loss or theft of what is for sure against serious illness, accident or death.
The most surprising result of the survey highlights the fact that possessions are more likely to be insured that the person owning them. The majority of respondents, over 54%, did not have any protection policies, while 22% had their phone insured against 17% who had severe illness and life insurance. Income protection was considered important by only 14% of respondents.
Moreover, The study reveals that significantly more people have secured their top-of-life content, with over two thirds of respondents saying they have secured their home to 41% who say they have insured their lives. Again and again the insurance industry reports that there is a difference between the amount of coverage the citizens of the United Kingdom have taken and estimates of how much really needs to be taken out to cover everyone, and this survey suggests that the difference is not in danger of closing.
Legal and General sector Protection Marketing Director Bonnie Burn think it is a worrying trend. She said:
"The priorities of the nation seem misguided, with more people concerned about losing their mobile phone the way they would cope financially if they could not work due to illness or accident. Everyone hate to deal with our mortality, but when insuring your life is considered less important than ensuring our possessions, then perhaps it is time something was done. "
The fact that people are willing to pay for insurance news relatively expensive phone, but not for life or critical illness cover is particularly depressing for the life insurance industry in the UK. By comparing the life insurance coverage pound for pound against the mobile phone insurance figures make sobering reading. For example, paying an average premium of £ 4.99 monthly payment would result in nearly £ 60 a year for a phone worth around £ 150 – more than a third of its value in one year. Many people take this insurance do not know who may also be covered for lost or stolen mobile phone on your home contents policy. Moreover, a 30-year – age who want £ 200,000 life cover will pay on average only £ 13 per month, far more coverage for your money! It seems that even through most of us ahead of any other protection insurance cover mobile phone, it definitely works for the benefit of the insurer.
This news comes at the top of the news released by the government estimates that nearly seven million Britons who work are not doing enough for their pension provision. This combination of inadequate income, critical illness and life cover and pension suggests that many Britons are financially ill-equipped to cope the future, and could face real difficulties if the worst happens.
About the Author:
Andrew Regan is an online, freelance author from Scotland. He is a keen rugby player and enjoys travelling.
Article Source: ArticlesBase.com – Mobile Phone Insurance More Important to Britons Than Life Insurance
BREAKING NEWS: Republicans Introduce Insurance Industry Protection Act
