So good, they sold it twice?


The General Insurance Standards Council (Gisc) has in the past 12 months expressed concern over companies selling uninsured loss recovery (ULR) lines. A Gisc bulletin stated that it was getting "a number of calls" from customers regarding ULR products and services, particularly because these products are at times being sold as an add-on when they are already incorporated in the policy wording - and are therefore being purchased twice.

Some providers of ULR share the Gisc's concern. At Arc Leg

To continue reading...