Reducing the risks: improving access to home contents and vehicle insurance for low-income Australians
Insurance is a vital tool for protecting assets and also serves to prevent financial hardship by providing a safety net in the event of a loss.
Unfortunately, those who are least able to replace their possessions are the least likely to be insured.
This Brotherhood of St. Laurence research points to a need for improved product design and payment methods for those on a low income, together with access to information and advice, and collaboration between the community sector, insurers and government.
Last updated on 16 June 2020