Booth, KI and Lucas, C, Insurance is unaffordable for some, but it's middle Australia that is underinsured, The Conversation, The Conversation Media Group Ltd, Australia, 20 November 2018 (2018) [Newspaper Article]
Official URL: https://theconversation.com/insurance-is-unafforda...
House and contents underinsurance looks like a problem in need of a solution. It is estimated around half of Australians donít have an insurance policy that fully covers their assets. Without insurance, households are unable to "bounce back" after a disaster or emergency event.
A lack of insurance has been associated with issues of affordability. It has been assumed that households suffering financial hardship and disadvantage are at risk of being underinsured. If their property is lost or damaged, underinsurance would lead to hardship and disadvantage becoming more entrenched.
But emerging research in Australian cities shows that rental status rather than socio-economic disadvantage is a driver of underinsurance. The prevalence of "middle Australian" renters who donít have contents insurance is challenging the idea that affordability is the real issue.
|Item Type:||Newspaper Article|
|Keywords:||insurance, urban, housing, environment, underinsurance|
|Research Division:||Studies in Human Society|
|Research Group:||Human Geography|
|Research Field:||Social and Cultural Geography|
|Objective Division:||Expanding Knowledge|
|Objective Group:||Expanding Knowledge|
|Objective Field:||Expanding Knowledge through Studies of Human Society|
|UTAS Author:||Booth, KI (Dr Kate Booth)|
|UTAS Author:||Lucas, C (Dr Chloe Lucas)|
|Funding Support:||Australian Research Council (DP170100096)|
|Deposited By:||Geography and Spatial Science|
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