Lower cost, lower cover

By Richard Denniss
Updated April 18 2018 - 12:36pm, first published July 20 2012 - 5:00pm

There aren't many people who, after 12 months of incident-free driving, focus on the money they wasted insuring their car against an accident that never happened. Similarly, on returning safely from an overseas holiday, there aren't many travellers who wish they had got better ''value for money'' from their travel insurance policy. Insurance is one of the few products people buy in the hope they won't need it.