Brits twice more likely to insure pets than themselves

clock • 2 min read

Brits are twice more likely to insure their pets or mobile phones than their income, according to research.

However a clear north-south divide exists with Scots faring far better than the rest of the UK when it comes to when it comes to protecting themselves and their families, the Scottish Widows Consumer Protection report revealed. It found that Scots are the most likely to have life or critical illness (CI) insurance than any other part of the UK, with over half (54%) owning life insurance, compared to the UK average of just 44%. However, the South and South East of the country has the lowest take-up of life insurance across the UK with just 41% of adults having taken out a product. N...

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