Letter - Insurance risk in retirement

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I CHANGED my car recently and contacted my insurers to advise them of this.

The new car was a lower insurance group so I thought it was a simple matter.

The adviser took details and asked if I was still employed doing the same job. I explained that I had retired at the end of September.

The adviser then came back and advised me that my current insurance company would no longer insure me and I would therefore have to start a new policy. Since I still had five months to run I thought this was just a scam for the advisor to gain a new sale.

When I later contacted the company to check on this they confirmed that once you retire you will most likely be using your car more during the day and as such become a higher risk.

I wonder how many people are aware that they must contact their insurance company on retirement.

Geoff Gill

Meadow Walk