17 - Are you overpaying for inflation-linked insurance?

Consumers could be paying thousands of pounds more for index-linked insurance products due to companies adding charges to premiums beyond the level of inflation.Research by personal finance podcast In For A Penny, has revealed insurance companies could be charging more than £11,000 extra in some cases.The findings are discussed in the latest In For A Penny podcast, featuring insurance industry veteran Roger Edwards.What is index/inflation linked insurance?Why do you need it?How much extra could you be charged?See some of the startling figures in the table below that shows the difference in premiums with extra charges.About usThe In For A Penny podcast is produced and presented by freelance personal finance journalist Marc Shoffman and The Orchard Practice financial planner Joshua Gerstler.Each episode aims to address the confusing concepts and challenges from the world of business, finance and wider society.How to leave a reviewApple devices:Launch the Apple Podcast app on your smartphoneSearch for the In For A Penny PodcastClick on the artwork and tap the reviews tab to leave feedbackTap on the stars to leave a ratingClick sendYou may need to sign in to iTunes to do thisAndroid devices:Download the Podbean appSearch for the In For A Penny podcastLeave a review via the comments tabYou can also comment directly on our Podbean profile on a desktop computer@marcshoffman@joshgerstler@inforapennypod1Support this show http://supporter.acast.com/inforapennypodcast. Hosted on Acast. See acast.com/privacy for more information.