Jun/090
Items used outside of the home also needs to be covered by Contents Insurance
Now that the hot weather is nearing, many people are starting to have BBQ’s and outdoor parties. However, items left outside are not always covered by your contents insurance. This is something people need to look into before leaving valuable items or garden furniture in the garden overnight. By not double checking what your home and contents insurance covers people can feel disappointed when if something is stolen they are not adequately compensated.
Having the right contents insurance ensures that in the unfortunate event you are burgled you are not left unable to replace the items because the insurance company has declined your claim.
Jun/090
Drivers Are Now Choosing to Cut Corners on Car Insurance!
Since the recession has set in and people are trying to spend less, research shows that one of the main areas people are doing this is car insurance.
Research done by the car insurer Uswitch has discovered that ‘6% of 3rd party insurance holders have downgraded’. This ultimately means that the policy holder feels they are saving money they could use elsewhere, but in the event of an accident the amount of costs to repair the vehicle will by far out price the cost of fully comprehensive cover.
Motorists are urged to keep on paying for fully comprehensive cover as this will be the real economy saver in the future.
Jun/090
Under 25’s Cant Get Car Insurance!
Drivers who have only just passed their test are more likely to have a crash in the first year of having a licence compared with experienced drivers.
This is often assumed to be people under the age of 25, and research shows many insurers refuse to cover people in this age group.
The AA has issued a warning that this sort of attitude to under 25’s will only encourage more fraudulent drivers on the road, and are encouraging the insurance companies to realise that this age group are now doing more to improve their driving skills.
There is now a scheme that is being run by the AA and the police called ‘DRIVE SMART’ that is giving young drivers who have been caught breaking the law the chance of free driver safety training to reduce the amount of speeders, drink drivers and drivers using their mobile phones.
This effort is in a bid to help young drivers get reasonable car insurance, and reduce the amount of fraud on the road.
Jun/090
AXA To provide travel insurance for Ryanair
From September 2009 AXA will be providing insurance for Ryanair. This includes single-trip, multi-trip and annual travel insurance. Ryanair is pleased with the deal as it offers their consumers cost-efficient insurance that meets their needs.
Jun/090
Insurance - A Summary
Insurance is defined as a form of risk management and is taken out to protect a person/entity from the risk of loss. There are a number of types of insurance that can be taken out, I.e. Home insurance, Car insurance, Pet insurance etc. and are designed to be a good way of reducing the risk of a substantial loss to the person who buys the insurance. The amount charged for a certain type of insurance is called the premium. This varies with the type and level of insurance cover, and is considered a small loss to prevent a great loss for the policy holder.
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