Britons waste millions on insurance
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Insurers are duping customers into
wasting thousands of pounds on
'useless, expensive' policies,
campaigners warned last night.
Consumer group Which? said some
cover is vital, for buildings, house
contents, life and cars.
But it said other policies were
often unnecessary, were hard to
claim on and rarely paid out.
Although they offered 'peace of
mind', much of what they covered was
already protected in law or by other
policies.
Even though some policies offer
cover against identity theft, any
proven identity fraud losses would
be paid by people's banks.
Policies covering accidental death
and injury may be covered under
standard life insurance, while
mobile phones are often included in
home contents cover.
Tony Levene, of Which?, said: 'You
can buy insurance against almost any
risk, even alien abduction. People
should carry out a risk assessment
of their own to make an informed
choice.'
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