Browsing "Insurance"

Not so Fast and Furious; Safety First for Savings

Mar 11, 2013   //   by Daniel Morris   //   Home and Living, Insurance  //  Comments Off on Not so Fast and Furious; Safety First for Savings

Okay so Vin Diesel doesn’t count as a young driver so he probably won’t be looking at this article and thinking “Wow, I’m going to save me some cash” (or however he would say it), but if he was 17 or 18 and had just got out onto the road we’re sure he’d find this a good read.

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Booking Your Summer Holiday Safely

Feb 14, 2013   //   by Keith McDonald   //   Insurance, Money Saving Tips  //  Comments Off on Booking Your Summer Holiday Safely

Cuba, Cayo Coco

Hark – the snow has returned this week! As is customary with the notorious cold-snaps of February, we have a good whinge, and then start to cheer ourselves up by thinking ahead to our summer holiday plans. The thing is – booking holidays has started to become a bit of a minefield.

Firstly, we question whether package holidays still represent the same value for money, with the internet encouraging us to customise our approach to holiday bookings.

We then begin to wonder whether we can trust the flattering pictures and reassuring text of the glossy brochures, which all too often mis-represent hotels that more closely resemble building sites.

And what if airlines or tour operators go out of business in advance of the holiday? Package holiday firms XL and Goldtrail have folded since the onset of the financial crisis, while numerous airlines including Flyglobespan, Spanair and Cirrus Airlines have bit the dust too.

The number one tip is to look out for the Air Travel Organisers’ Licensing certificate (ATOL) when booking. This is a scheme to ensure that the Civil Aviation Authority (CAA) will look after you if there is a problem with your holiday.

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The Long Term Financial Benefits of Home Insurance

Oct 28, 2011   //   by Daniel Morris   //   Insurance  //  Comments Off on The Long Term Financial Benefits of Home Insurance

Owning a home is a responsibility that requires more than just fixing problems as they occur. It also requires taking preventive measures against the problems before they happen. In many cases, that means purchasing home insurance and protecting the home against problems like floods, fires and natural disasters that might damage or completely destroy a home. The only problem is that it often seems expensive. Fortunately, some long term benefits of home insurance exist that make the initial investment worth the cost.

Fixing Damage:

In the event damage occurs to a home, it might end up costing a large sum of money. In fact, sometimes the amount of money save from having insurance cover the damage and pay for repairs might even exceed the amount paid to home insurance over the years.

Fixing damage from fires, floods, hail storms or other situations that might occur is in the vast majority of insurance policies. Repairs are often expensive and might even become complicated, depending on the form of the damage, the amount and the location. The savings from the insurance company fixing the damage often pay for the cost of putting money into the policy.

Rebuilding:

On a similar note, if a house is completely destroyed from any problem that might occur, such as a fire or natural disaster, it will need to start over from scratch. That often means completely rebuilding the house. Building a house is an extremely expensive project and will always exceed the amount of money put into the insurance policy over the years. In some cases, rebuilding might even cost almost as much as initially buying the house. That amounts to a large cost saving by having insurance cover most of the price.

Protecting Valuables:

Home insurance might also include content insurance or might have the option to add this type of insurance. As a result, it protects the valuables within the home in case of damage or theft to the item.

For those who have ever had items stolen or damaged, even if it was an accident, the cost of replacing the item or losing the item might be worth the amount paid extra to the insurance company. Items like valuable jewellery are hard to lose and having a company insure against problems helps prevent the loss of the monetary value or the cost of fixing damage to valuables.

Better Health:

Having appropriate insurance gives homeowners peace of mind as it relates to their home. In many cases, releasing the worries about what will happen in the worst case scenario results in lower stress levels. Stress is very damaging to the human body and causes numerous health problems. That lower stress means better health in the long run, which saves money on hospital and doctor bills.

Money paid out monthly are only one consideration when it comes to the insurance of a home. The long term financial benefits that might occur and the peace of mind ultimately make it worth paying for coverage each month.

Protect your contents, such as precious jewellery with a jewellery insurance plan. There are many to choose from with many great offers that will protect them from being lost or stolen.

Students Urged to Go Through Insurance Policies with a Fine Tooth Comb

Oct 5, 2011   //   by Daniel Morris   //   Insurance  //  1 Comment

Those who have decided to move on to further education by going to university have been warned that their personal possessions may not actually be automatically covered by general annual insurance at their halls of residence.

This is the opinion of the head of consumer finance at Love Money, Ed Bowsher.

Mr Bowsher has urged future scholars to take the time to find out if they are protected before moving into their home-from-home, so as to avoid any potential confusion or unexpected high costs whilst studying.

The expert went on to say that “students should also check their parents’ home insurance policies,” adding that “some policies will cover students even if they’re living away from home” Read More »

What relevance does the Defaqto 5 star rating guides have?

Oct 5, 2011   //   by Daniel Morris   //   Insurance  //  Comments Off on What relevance does the Defaqto 5 star rating guides have?

Stressed womanMany people are unaware that there is a company called Defaqto that specifically deals with researching and comparison in the financial industry. This is not necessarily just on critical illness insurance but on other aspects of the financial market such as general insurance, mortgages, bank accounts, credit cards, savings, investments, pensions and life and protection cover. Read More »

What Is The Best Way to Take Out Critical Illness Insurance?

Sep 27, 2011   //   by Daniel Morris   //   Insurance  //  Comments Off on What Is The Best Way to Take Out Critical Illness Insurance?

This type of insurance is suitable for individuals or couples that have financial commitments. It doesn’t matter how small or how big they are, it is essential that should you be unable to work due to an illness that you had some form of cover in place and that you would be covered to pay for all of your debts.

This is called insurance. As with anything it can have its downfalls, however if you do exactly as requested by you then there should be no cause for concern when it comes to an insurance payout.

The list of debts and financial commitments could include an individual’s mortgage, a car loan, and a car on hire purchase, a personal loan, and credit cards and really and substantial amount of money that is owing. Even if you do not have any financial commitments it can be beneficial to take out a form of critical illness insurance.

You never know when something is going to happen so all we can actually do is prepare and plan ahead against the eventuality of something occurring. Read More »

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