Everything you need to know about insurance
Travel Agent cover warnings
Too many UK travellers waste millions of pounds on their travel insurance
buying hugely expensive premiums from travel agents. Consumers make
a considerable saving on their travel insurance if they purchase it
from an insurance company either over the phone or on the Internet.
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Women drivers are road-ragers too
Women have been statistically proven to be safer drivers and submit
few less expensive claims in comparison to men and are therefore benefiting
form lower premiums. Could this be about to change as new research shows
women are becoming as fast and aggressive as men?
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Women drivers Escape Insurance Hike
In 2004 the European Union proposed to harmonise car insurance for men
and women. The new directive stated that insurers were not to take gender
into consideration when providing a car insurance premium. Had the new
directive become legislation women drivers would have been forced to
pay significantly higher premiums.
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How do car insurers drive up premiums for Londoners?
A recent league table published by insurers shows that car owners in
London pay some of the highest premiums in the country. People who own
medium size cars, such as a Ford Focus and live in EC post codes, including
the city, can expect to pay on average over £700 a year for comprehensive
car insurance.
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Landlord’s Insurance
A landlord's insurance policy is not a legal requirement, although not
owning one would be very foolish! Any business faces risks on a daily
basis and owning a second house as an investment is no different.
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EU Drops Plans for unisex insurance premiums
This weekend the EU dropped its controversial plans to introduce unisex
insurance premiums as too many member states voted against the plans.
Ministers from 17 of the 25 member states called for insurance to be
excluded from the new EU gender directive. The new directive is to be
redrafted without the insurance clause.
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Breakdown Insurance
Each year thousands of motorists get stuck or break down on the road.
If you own a car that is more than 3 years old then it has more than
a 10% chance of breaking down each year. The winter months are particularly
well known for their ability to ensnare cars mid journey, but...
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Shock Threat to Uninsured Drivers
A drastic proposal has recently been put forward to the Government in
a bid to reduce the impact and menace of uninsured drivers. The Association
of British Insurers (ABI) decided to put forward the proposal to ensure
that victims are properly compensated for their loss.
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6 Insurance Rip Offs
As much as insurance is a vital requirement to everyday life, it is
also important to organise your finances so that you do not over pay
for the protection you receive. Below are 6 tips to help significantly
reduce your monthly costs while maintaining, or in some cases improving
the level of cover you actually receive
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7 Tips on Car Insurance
When it comes to purchasing your car insurance it is important to remember
there are legal obligations. In addition, car insurance will ensure
your health and your asset; (the car) remain financially covered. The
following 7 items provide tips on car insurance.
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Classic Car Insurance
Classic cars are commonly perceived as the transport of eccentrics and
TV detectives. Most people consider them to be glamorous, expensive,
and high maintenance status symbols. The reality is that many classic
cars simply do not fit this stereotype. A classic car is easy to rave
about but incredibly hard to define.
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More Flood Chaos
Two years ago, floods caused an estimated £1 billion of damage. This
led the Government to pledge an extra £51m to flood defences. The Association
of British Insurers (ABI) also agreed to leave existing policies in
place for higher-risk properties to allow the government time to install
new flood defences.
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Paws for Thought?
Many people will have been the lucky to receive a pet this Christmas.
Those that already own a pet may have been one of the many who spent
a total of £2 billion this Christmas on pet presents! How many pets
were lucky enough to receive pet insurance as a present this Christmas?
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Speed your way to higher insurance premiums!
If you are convicted of driving over the speed limit you should expect
more than just a speeding fine. Recent research by insurers has shown
that a speeding fine adds, on average a £196 to an insurance premium.
A second fine will increase your premium by a further 30% (£254) and
a third fine will sky rocket you r premium by a further 60%, (£406)!
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What is Life Insurance?
Many of us will at some stage in our lives have the need for life insurance.
Life insurance is an agreement between you and an insurer and under
the terms of a life insurance contract, the insurer promises to pay
a certain sum to a designated beneficiary when you die, in exchange
for your premium payments.
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Which Car Insurance Policy?
Buying a car insurance policy, particularly for the first time can mean
you need to make a number of decisions. As with most financial products,
it is important to understand the differences between the policies available,
how it can affect you, and how it can affect other road users.
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Congestion Charges
2003 introduced a significant change to Londoner's who travel through
the center of town each day. The initial success of the scheme has prompted
other town councils to look at the introduction of a congestion charge.
The effect on the motorist (most significantly to commuters) has been
to increase their cost of travel quite dramatically.
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Motor Break Down
Each year thousands of motorists get stuck or break down on the road.
The winter months are particularly well known for their ability to ensnare
cars mid journey. The result, a couple of hours being spent on the roadside
waiting for assistance!
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Cars: The Group Rating System
Insurance companies classify cars in order to provide the correct level
of insurance. To do this each car is assigned a group between 1 and
20. This means that each model of car can be accurately banded with
cars of similar characteristics. There can be a significant spread of
groups within a particular model range.
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Light Fingered Christmas
Christmas is a time when families have a lot of extra valuables in the
house. Insurance companies are well accustomed to the fact that Christmas
provides the perfect opportunity for a burglar to do his own Christmas
shopping at your expense! Home Office statistics highlight the months
of October to January as a period of increased burglary activity
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Top Travel Insurance Tips
58 million Britons a year head for sunnier overseas holidays, 1 in 7
of them without suitable insurance protection. While it may seem foolish
that people do not take out insurance, market surveys show that many
people believe that their credit card accident cover, home insurance,
or private health cover is sufficient. These products are unlikely to
give adequate cover.
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page are introduced by Insurancewide.com Services Ltd, which is authorised
and regulated by the Financial Services Authority. Insurancewide’s service
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