Will you regret cutting your insurance cover? | Money

AAbout one in five people have either canceled or cut their insurance coverage to cope with the cost of living. Personal finance website Smart Money People said its research suggests households are spending less on insurance, and it expects it to become more widespread.

Pet and travel insurance were the most likely to be cancelled, according to a separate survey by consumer group Which? Home contents is another form of insurance that is likely to be sacrificed as families try to make ends meet.

Jacqueline Dewey, chief executive of Smart Money People, said: “The rising cost of almost everything is clearly causing people to review which insurance products they can switch to or do without, so they have a

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