Biba urges FCA to clarify add-on wording
The language around accidental damage in regulator's policy document needs to be clearer says Biba CEO Steve White.
A Financial Conduct Authority (FCA) policy document outlining proposals for customers to choose add-ons rather than them being added automatically to policies could create confusion with regard to accidental damage cover according to some brokers.
They point out it gives the impression that accidental damage has to be treated as an add-on.
Accidental damage cover cannot be bought separately they add, although the FCA has told Insurance Age that is not what is intended.
The issue was raised
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