Something that often pops up in the insurance industry and media, but what does it really mean for you.
Over insurance is where you are carrying more protection than you need and under insurance is when you have less than you need.
This is not about you having insurance or not, it is about you having the right type of insurance, at the right level for your situation.
Looking at the numbers, most households will have some form of insurance. It might be House, Contents or Car cover, it may also be Life or Medical Insurance.
What the numbers do tell us though, about 80% of households, possibly higher, will have exposure if someone was to be disabled and 75% of you would have to use the public system for medical treatment, or pay your own way for private medical treatment.