Accessible insurance: How can disabled people get a better deal from the insurance market?

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Pricing techniques are one of the reasons why general insurance is able to distribute risk across society, usually by encouraging behaviour that reduces claim likelihood. However many find themselves on the wrong side of the pricing equation, and sadly one group that finds itself constantly paying over the odds owing to circumstances beyond their control are people with disabilities.

As Teresa Perchard summarises from a recent report from the Scope independent Extra Costs Commission, the cost of insurance for such basic things as motor and travel can actually border on the prohibitive. She suggests what the profession could do to address this, and also considers other measures and if necessary, interventions that could help to make insurance more accessible.