So good, they sold it twice?

pic5_gif

Uninsured loss recovery products are now so widely available as add-ons or opt-outs that some customers have inadvertently purchased more than one - and complaints are growing about mis-selling, reports Ewan Campbell

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 Legal

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: