Urgent action is needed from the financial watchdog to prevent vulnerable people from being overcharged for insurance products. Charity the Money and Mental Health Policy Institute (MMHPI), which was set-up by MoneySavingExpert.com founder Martin Lewis, has issued the calls after finding people with mental health problems are being charged 27 times more for insurance than non-sufferers...
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Urgent action needed to stop people with mental health problems paying 'sky high' insurance prices, says charity
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Urgent action needed to stop people with mental health problems paying 'sky high' insurance prices
in Insurance & life assurance
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You are presumably taking about Travel Insurance? Maybe Life?
I would love to see your evidence that anyone with mental health issues are being charged more for Home or Pet insurance let alone the claimed 27 times as much.
It's worth noting though, this would only happen were there is a background and probably a relatively recent background of things like suicidal ideation or severe mental health conditions such as psychosis, multiple personality disorder etc with a lack of stability to the condition.
This article is basically a bit of clickbait to make the situation look far worse than it is. I've covered hundreds of clients with ongoing treatment for depression/stress/anxiety with either the standard premium or a small loading being applied.
I was in effect agreeing with you though.