Insurance Cares: Report warns older people overpaying on home cover


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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