I think that's an important take-away." Expecting full coverage is "not logical," Kundell said, and no insurance policy covers everything. But Breyault objects to what he calls "aggressive marketing language" of the policies ("No, I choose not to protect my trip," one site says), which leads consumers to believe that such a policy will solve all their problems. "Consumers don't read those policies," Breyault said. "They don't realize what's excluded." That's the second point on which Kundell and Breyault agree. This isn't news to anyone, and I apologize to the scribes who write these policies, but insurance policies don't make the Top 10 list for scintillating reading, unless you enjoy being in a state of incredulity.
Private equity houses Permira, CVC Capital and Charterhouse have started a consultation to appoint financial advisers for the IPO, the FT quoted people with knowledge of the matter as saying. Saga could not immediately be reached for comment. The Financial Times said the flotation would mark the end of Acromas, which had been formed six years ago after the merger of Saga and road side assistance firm AA in a 6.2 billion pound deal.