BIBA responds to moneysupermarket.com insurance auto-renewal statement

Money News

www.moneynews.co.uk > Insurance > BIBA responds to moneysupermarket.com insurance auto-renewal statement

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

BIBA responds to moneysupermarket.com insurance auto-renewal statement

A representative from the British Insurance Brokers Association (BIBA) has claimed that people do not have to change insurers every year, despite moneysupermarket.com insurance research suggesting it would benefit them.

Technical and corporate affairs executive at the industry body Graeme Trudgill explained that there can often be good reasons why people will not change their insurance provider.

For instance, he noted that some may offer more appropriate cover for the property in question, despite being more expensive.

"At the end of the day, it is not just about price. It is actually about having the right cover and suitable protection for you," remarked Mr Trudgill.

His comments were made in response to a moneysupermarket.com insurance report, which indicated that homeowners may be losing up to £937 million per year by staying with their existing insurers.

While Mr Trudgill stressed there are reasons to stay with certain providers, he accepted that shopping around for the best deal is also important.

Click here for more insurance newsADNFCR-323-ID-19877459-ADNFCR

Related News : Insurance

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet