Add-on insurance to be put under the microscope

car-insurance-costThe Financial Conduct Authority (FCA) is to take a closer look at so-called ‘add-on insurance’, to check if it is being sold in a fair manner.

Add-on insurance is insurance that is offered at the point of sale of for example holidays, or a car – and they can often be marketed quite aggressively.

Some of the things the FCA will be investigating is whether customers are made aware that they have a choice and can shop around; whether the insurance represents good value for money; and if the consumer is clear on what the insurance does (and doesn’t) cover.

Read the full story on BBC News.