Why are there different limits for different types of products? Shouldn one limit apply across the board?
There is no automatic reason why compensation levels should be the same for different products. For example, consider if you have buildings insurance on your house, and the insurer defaults just before your house burns down. You would probably want more than £35,000 of compensation. Our review of limits will look at data around different types of products and put forward proposals that aim to set an appropriate balance between the cost to levy payers and the need for consumer protection.
