In December, the Chartered Insurance Institute (CII) released a guide for insurers on closing the ‘protection expectation gap’ – the gap between what an insurance policy covers, and what consumers expect.
The guide urges insurers to ensure customers know exactly what their policy will and won’t cover.
Sam Fisher, Chief Executive Officer of the CII, commented: “Far too often there is an expectation gap between what customers thought that promise was and what the provider intended.”
The guide recommends using jargon-free language and that reading material should be clear and easy to understand.
If you’re unsure on any conditions of your policy, you can rely on us to provide clarity and transparency.
As with all insurance policies, conditions and exclusions will apply
Catch up on our other blog posts:
Engaging with your home insurance requirements can be challenging but running the risk of not tuning in and getting the most suitable cover - and the right level of cover - could be financially devastating if an unwelcome event were to occur. Although home insurance...
Many people find that the language of protection insurance isn’t particularly user-friendly, with confusing terminology often becoming a barrier to finding the right insurance. We believe that nobody should be prevented from protecting themselves and their loved ones...
Income protection insurance refers to a group of insurance products that help you out financially, if you lose your income due to injury or illness. The COVID-19 pandemic has greatly increased awareness of the importance of having a safety net to fall back on in times...
(Your home may be repossessed if you do not keep up repayments on your mortgage)
We charge a fee for arranging and advising you on the mortgage. The fee will be dependent on your circumstances but will not exceed £499. (Our typical fee is £299.)
For Lifetime Mortgages/Equity Release the fee will be £799.
Our mission is to provide honest mortgage advice, whilst helping you save money.
Get in contact
Or call —02380224925