Making Cents: Rental protection vital as illness can strike anytime
No longer the preserve of students and young workers in their 20s, many people are now settling down and raising families in rented homes. One area of concern this raises is the level of protection these households have in case of anything happening to the breadwinner(s).
“Some families may well have adequate protection in place,” Amelia Walshe of life assurance company Royal London said. “But in the absence of any rent control laws in Ireland, families who are in less financially stable situations will largely have no choice but to accept the costs of renting. They must meet monthly payments regardless of any financial difficulties which they may find themselves in.”
