Insurance Cares: Report warns older people overpaying on home cover

elderly

Charity Citizens Advice has suggested that insurance companies could be charging up to 13m UK households too much for their insurance cover.

A poll conducted for the charity found that older people are particularly vulnerable to these costs.

According to the research 40% of people over 65 have had their home insurance policy for over five years, which the report stated means they could be paying 70% more than a new customer would for the same policy.

It continued that for someone with the

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