Despite the effects of the ongoing recession, Britons have been warned of the dangers of reducing their level of cover - be it car, home or travel insurance - to provide a short-term financial boost.
Steve Foulsham, technical services manager at the British Insurance Brokers' Association, said that while it could be tempting for many to reduce their level of insurance cover, doing so could leave them open to a financial shock in the future should they need to make a claim.
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