Property News · January 16, 2016

Welcome to the great home insurance swindle


We have recently been highlighting how loyal insurance consumers are hit with outrageous premium rises – and your response has been huge. Here are just a few examples showing how insurers see unsuspecting older people as fair gameThere can be no argument that the home insurance industry is engaged in the cynical exploitation of elderly customers, writes Patrick Collinson.The evidence is overwhelming – just look at the letters below. As is the fact that every company – mutual, cooperative, shareholder, specialist – is in on the game. They have all been seduced by a business model which amounts to offering a teaser rate, then stitching up unsuspecting older customers for years afterwards with absurd premium increases. Continue reading…

Source : theguardian.com
Read more…Welcome to the great home insurance swindle

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