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”
This was later backed up by Mike Powell, insight analyst for general insurance at Defaqto, who has also urged those joining university for the 2011/12 academic year to look into whether or not they are protected by their parent’s insurance policies. Read More »
The Office of Fair Trading (OFT) have said in a statement today (08 August) that it had called for evidence into how the car insurance sector operates to see if consumers are being treated fairly and if there can be more effective competition in the sector.
According to research conducted by the AA’s British Insurance Premium Index, the ‘shoparound average’ for annual comprehensive car insurance cover rose by over 40 per cent for the last 12 months ending in March.
A spokesperson for the OFT has said, “As part of its work, the OFT is interested in examining reports that car insurance premiums in Northern Ireland are significantly higher than they are in the rest of the UK, and understanding the reasons for any difference.” Read More »
Choosing the right car insurance policy can be both demanding and costly, but by following some simple steps, you could cut the cost of your cover and find new ways to make the most of your car insurance.
I will begin by stressing that you should never lie on your insurance application to any of the car insurance companies. This would cause your policy to be invalid and could leave you with a hefty bill if you are involved in an accident.
And think twice about the level of insurance you plan to take out. If you require car accident whiplash compensation you will need to make sure your policy covers this.
1. Choosing your car
All cars are assigned an insurance group from 1 to 50 which affects the cost of insuring them, with 50 being the most expensive group. These groups take a number of factors into consideration, including engine size, the value of the car , security etc.
Before you decide which car to buy, look into which insurance group it would fall into and get a quote. Your dream car may come with hidden costs, so consider all of your options.
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If you are a businessman, you need business insurance quotes, just as you need home insurance or personal auto insurance. The insurance protects you against many mishaps, especially if you as a businessman have to do with other people who are under your jurisdiction (employees). Personal liability issues can almost never be solved if you don’t protect yourself through proper business insurance.
But let’s see firstly what types of business insurance you can find out there:
- Business insurance for simple shops (smaller ones usually);
- Insurance for personally owned offices;
- Business insurance for hotel and / or restaurants;
- Even if you run a smaller home business, you can buy yourself insurance as a protective measure.
The criteria upon which these insurance types online differ are mainly given by their degree of risk. For example, if you own a home based business, that is much safer than owning a shop where you have to directly interfere with clients, thus you become more exposed to liability issues like customer complaints.
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As more of us are feeling the pinch from the credit crunch, many have tightened up on spending, becoming more aware of what they’re spending and taking a more savvy approach to their finances. But although people may be cutting back on luxuries, many have drawn the line at sacrificing their summer holidays – could it have anything to do with the weather I hear you cry!?
Where are the most cost-effective destinations in terms of currency? Is it cheaper to leave booking until the last minute? When is it worth paying with plastic abroad? These are some of the questions that you should consider when looking to get the best value from your holiday.
Many people will be making a change from the norm when looking on where to travel for their summer holiday this year. A recent poll found that almost half of those asked said they would be reassessing holiday plans for 2009, and close to a fifth said they would be seeking a cheaper holiday.
The following ‘money saving tips’ can be incorporated into anyone’s holiday:
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