Question to the HM Treasury:

To ask His Majesty's Government whether the pilot announced in the Financial Inclusion Strategy, which aims to increase uptake of contents insurance among social renters in England, will include residents on socially rented Gypsy and Traveller sites.

Opportunities for social landlords to participate in the contents insurance pilot will open later this year.

This is part of the Government’s Financial Inclusion Strategy which encompasses an ambitious package of measures to help people access the products they need and support household financial resilience. The Strategy recognises the important role that insurance products play in giving households the ability to weather financial shocks and identifies contents insurance as a product area with low take-up among those who may stand to benefit from it the most.

The Government’s key financial inclusion delivery partner, Fair4All Finance, is working with the insurance and social housing sectors to explore different methods of increasing contents insurance uptake for social renters. This will consider approaches to reduce friction in delivery methods, raise awareness, and increase uptake and choice.

Where a consumer has found it difficult to find cover, a broker can support them to identify and access a product which meets their needs.