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| Tougher line on online insurance |
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Source: FT.com
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Tuesday, 29 December 2009
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The policy excess – the amount of any claim that must be met by the policyholder – should also be broken down into voluntary and compulsory components, so consumers are clear about the true cost of their policy. |
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Millions of consumers who buy insurance online can look forward to more realistic quotes and clearer information about policy excess levels and new guidelines for the industry.