Insurance Expert On Low Cost Policies

Legal DocumentsInsurance customers who buy policies based on the lowest price may not be receiving adequate cover, research by Defaqto has found. With the emergence of price comparison sites as a way of finding insurance deals, many people now buy their insurance on the basis of price rather than the quality of the cover, according to the report. And home insurers are increasingly offering some aspects of their policies as optional extras, rather than standard features, in order to reduce prices.
An insurance expert at Think Money commented: “Some people may assume that the cover provided by home insurance is similar for all policies, but this isn’t the case. Different policies will insure you for different amounts, with different voluntary excesses applied. One policy may cover you in a situation that another wouldn’t.

About Karen Olson

Information Professional with twenty years experience in legal, public record, and business research. Fifteen years law firm experience.

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