Analysis: Australians still being overcharged for insurance | jcollett_money
Australians are still being subjected to significant breaches of the general insurance Code of Practice, including over-charging for common policies such as motor vehicle and home insurance.
Many were related to pricing errors, such as failing to apply discounts to premiums on motor vehicle and home insurance.iStock “Overcharging [of] premiums is harmful to consumers and insurers should be doing more to prevent this,” Ingram says. “The onus lies with the insurers because these types of errors are not easily identified by customers.”
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