Drivers and homeowners are being duped into renewing pricey insurance policies — and then are clobbered with financial penalties when they threaten to cancel. In their latest tactic to boost profits, insurers are misleading tens of thousands of customers into taking out expensive cover for another year. Following the end of the ‘days of grace’ on motor insurance around five years ago and the introduction of continuous insurance enforcement last summer, it has become more important to ensure there are no gaps in cover. And with so many people using monthly direct debits to pay, it is no surprise insurers are increasingly renewing automatically...Read more here--: Congratulations! Your insurer has just ripped you off: Tens of thousands of customers are being duped into renewing expensive policies