Written Question · S2W-20840 · Session 2
What action it is taking to encourage the provision of low-cost insurance products for people on low incomes.
The question
To ask the Scottish Executive what action it is taking to encourage the provision of low-cost insurance products for people on low incomes.
The answer
We have taken a number of actions. We have invested £2.1 million directly to grow the credit union movement in Scotland to equip them to increase membership and further develop their services to their members, including insurance services.
In 2003-04, the Executive made funding of £500,000 available to local authorities and the Scottish Federation of Housing Associations (SFHA) in order that they could run seminars and workshops and produce leaflets to encourage the uptake of home contents insurance among tenants.
The Executive’s aim is to increase the number of tenants who have home contents insurance cover and we are looking at how we can support schemes tied to rents paid to landlords in the socially rented sector.
We shall also continue working with the insurance industry to ensure that as many households as possible have access to low cost insurance, including in flood risk areas.
In 2003-04, the Executive made funding of £500,000 available to local authorities and the Scottish Federation of Housing Associations (SFHA) in order that they could run seminars and workshops and produce leaflets to encourage the uptake of home contents insurance among tenants.
The Executive’s aim is to increase the number of tenants who have home contents insurance cover and we are looking at how we can support schemes tied to rents paid to landlords in the socially rented sector.
We shall also continue working with the insurance industry to ensure that as many households as possible have access to low cost insurance, including in flood risk areas.
In the Official Report
No contribution in the Official Report cites S2W-20840 by reference.