Watchdog cracks down on utilised-car insurance

Add-on insurance purchased by more than a million auto-consumers a yr has been branded really poor value by regulators who yesterday unveiled a crackdown on the vehicle salesmen who push it.

The Economic Conduct Authority announced programs for remedies across the whole include-on insurance coverage industry, which contains personal accident cover sold alongside residence insurance coverage and travel insurance coverage sold with holidays. All round shoppers were currently being overcharged by £200 million a yr, it estimated.

But it reserved its deepest worries for Assured Asset Protection cover – insurance sold on the forecourt to defend the purchaser ought to their regular motor cover be inadequate to

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