RIP-OFF word firms will be probed by MPs over claims they assign 18 times too most for defective holiday policies.
Bosses will be hauled before a Commons Treasury Committee to explain a premiums they put on products such as one-click cover.
The pierce is partial of a wider exploration into either certain groups are released from a simple turn of use from financial providers, such as banks and word firms.
It also aims to find out if firms deliberately aim exposed consumers to maximize profits.
The exploration comes days after an review by Which? found airlines and other transport companies charity one-click appendage policies put outrageous mark-ups on bad cover.
Some policies were found to cover usually medical losses and not cancelled or condensed holidays, detriment of income or personal liability.
Treasury cabinet trainer Nicky Morgan pronounced it is apropos “increasingly formidable for exposed business to entrance certain financial services”.
And she reliable a exploration will “examine either a reward is placed on products such as transport word for exposed consumers”.
It will also demeanour during a impact of bank bend closures and fewer free-to-use ATMs.
Tom Selby, of financial services association AJ Bell, pronounced firms need to “build bargain of disadvantage into their cultures”.