Insurance news

• RAC accused of hiding 37% rise in cost of breakdown cover

  19-01-2019 11:16
  Policy renewal letter did not mention annual premium increase, says one customer, despite it being mandatoryThe RAC has been accused of sending out breakdown cover renewal letters with an undisclosed 37% increase in premiums, despite new rules that force insurers to display annual price rises.Since 2017, insurers have been required to tell consumers in renewal letters how much they paid the previous year to encourage them to shop around. At the time the measure was introduced, the Financial Cond
  
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• RAC accused of hiding 37% rise in breakdown cover

  19-01-2019 08:00
  Policy renewal letter did not mention annual premium increase, says one customer, despite it being mandatoryThe RAC has been accused of sending out breakdown cover renewal letters with an undisclosed 37% increase in premiums, despite new rules that force insurers to display annual price rises.Since 2017, insurers have been required to tell consumers in renewal letters how much they paid the previous year to encourage them to shop around. At the time the measure was introduced, the Financial Cond
  
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• Could renting without huge deposits become the norm?

  19-01-2019 08:00
  Tenants are being offered schemes that do away with the need for large amounts upfrontScraping together a deposit on a new flat is always tough for tenants, with the average amount demanded now more than £1,400 in England and Wales. Would you rather pay an insurance fee of about £300 – which you won’t get back – or find the money for the deposit? That’s the deal being dangled in front of tenants by some of Britain’s biggest letting agents.Rental deposits
  
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