MBL: Personal Insurance

Money Box

BBC

Business

4.2 • 804 Ratings

🗓️ 30 September 2020

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Financial Conduct Authority (FCA) say that 6 million policy holders are paying too much for their insurance premiums and that radical reforms could save consumers £3.7bn over 10 years.

So how do you get the right policy at a fair price? Joining Paul Lewis to answer your questions and offer advice are:

Louise O'Shea, Confused.com Graeme Trudgill, British Insurance Brokers' Association (BIBA)

We'd love to hear your questions and ideas about personal insurance, e-mail [email protected] now and tweet @moneybox we'll include as many as we can in the programme.

Presenter: Paul Lewis Producer: Diane Richardson Editor: Emma Rippon

Transcript

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0:00.0	In Northern Ireland, from the late 70s to the early 90s, the IRA killed over 40 alleged informers.
0:08.0	But the man who often found, tortured and sometimes killed these people on behalf of the IRA
0:12.0	was himself an informer, a secret British army agent with the codename Stakeknife.
0:18.0	Who gets to play God? And why me? Why my family?
0:21.4	When lies are still being told to this day, who do you believe?
0:25.1	I wouldn't even know where to start, and I'm with the IRA.
0:28.5	Steakknife.
0:29.7	Listen first on BBC Sounds.
0:33.8	BBC Sounds, music, radio, podcasts.
0:37.5	Welcome to this podcast of Moneybox Live.
0:40.1	I'm Paul Lewis.
0:41.2	As ever, this program is about your money.
0:43.4	And today, we're talking about general insurance.
0:46.5	Insurance for homes and cars alone is worth £18 billion a year
0:51.2	and touches just about every one of us.
0:55.8	And then, of course, there are the baffling rules. It can change if we move house. We make a claim and find the one thing we need it for isn't
1:02.2	covered. Will it pay out in the COVID era? And as for the cost, well, that always seems to go one way,
1:09.0	doesn't it? Up. How do they set that price anyway?
1:12.3	Let's hear first from Kylie.
1:13.8	Kylie, hello, what's your question?
1:15.4	Hello, so recently I've had to renew my insurance.
1:20.0	What I'm wondering is if having notified my insurer of an incident I didn't claim for caused my insurance premium to go up?
	...

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