Specialist protection insurance provider Bright Grey, have commissioned research that reveal a lack of understanding in what people are protected by with regard to mortgages, life insurance, health insurance and what their employers offer.
As a result, many people are under insured and could leave either themselves or their families in financial difficulty should something unfortunate happen.
Our view
If we gave you a 'magic lamp' that every month you rubbed it and it churned out £1,000, £2,000 or £3,000, how much would you insure it for in case you broke it or lost it? Probably hundreds of thousands of pounds.
That is exactly what you or your partner are - a 'magic lamp' that every month churns out £1,000, £2,000 or £3,000. What are you insured for?
We all spend hundreds of pounds every month on car insurance, household insurance, holidays, gym membership and more.
However, the one thing that drives all this is generally not insured enough.