Insurance

Home insurance is an important aspect for managing the finances if ever something goes wrong with the house. The sad part is that many home owners are busy paying premiums for policies that may do no good to them. They would be invalidated at any point of time. The reason behind this is the small yet significant mistakes done on the part of the home owner. Negligence of any kind is not tolerated by UK home insurance providers and they can instantly call off the policy under specific circumstances. One must read the small print carefully to avoid any tussle with the home insurance provider who can invalidate the policy based on the conditions mentioned in the small print. This could be disturbing especially when you are paying higher home insurance premiums. Yes, as per Consumer Intelligence, there is a 7 percent increase in the cost of household insurance. It […]

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Who doesn’t want cheap car insurance that protects the vehicle against financial damages and yet not disturb our household budget. There are various methods to save on car insurance cost UK including shopping around but an interesting way to reduce car insurance premiums is to change your job title. You can actually save around 25% off your UK motor insurance cost by simply changing a job title that is considered less risky for the insurers. UK motor insurance providers offer cheap car insurance by judging the customer and his/her driving habits against various factors. Job title is one of the deciding factors in calculating car insurance cost in UK. Logically, it is fair, as a racing driver has far more risk of facing accidents, vehicle damage and may even bang other vehicles more often than a nurse or a dancer. Therefore, car insurance providers in UK charge higher premiums from […]

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First of all, you need a pat on the back if you already have a home insurance policy as there are a considerable percentage of Britons who do not worry about insuring their home against adversities. Next thing that needs some serious thought is whether your home insurance gets auto renewed every year or not. If yes then you may be at a big loss as switching home insurance provider would have saved you a good deal of money then sticking to your age-old, favourite insurer. According to reports by the Financial Conduct Authority, UK customers can actually save somewhere between £64-103 million per year if they choose to switch home insurance providers instead of auto renewing their policy. Owners should compare the home insurance market at the time of renewal to get the best discount deals on home insurance. Either your current home insurer would offer discounts to keep […]

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Life insurance is a necessity for one and all but two third of Britons are surviving without a life insurance policy. Most of them are having health concerns but they are still not choosing to invest in a whole of life insurance policy. According to a report by Lifesearch, UK’s leading life insurance provider, 57% of the adult population is without life insurance while 11% are not even aware about it. The surprising fact is that having a life insurance policy helps one to pay mortgage and records suggested that 63% of Britons have owner occupied homes in 2015-16. We find a very small percentage investing in life insurance even when 29% of people agree that poor health is their biggest cause of worry. 24% of the survey takers admitted to worrying about the health and death of their family members. If figures are to be believed then 27% of […]

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Home insurance is an important part of one’s investment for the property and is considered as a safety measure against all odds including natural calamities. However, a huge mass of Britons do not think so and simply avoid investing in home insurance just to skip the additional cost of buying a home insurance policy. There are also many who have tried their hand at this and burnt their fingers. As per statistics, one in ten home insurance policy holders have made claims which were rejected due to an insufficient policy. The UK insurance providers and experts suggest that such failures are due to the fact that most of them could not find a policy that matches the requirements of their property. Prominent UK home insurance providers coverbuilder.co.uk performed research on 2,256 participants that were 18 and above to check the status of their home insurance in UK. They discovered that […]

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Motor insurance seem to be a scary phrase mostly because the annual premiums are increasing by leaps and bounds. Many Britons show a grumpy face when asked about car insurance costs and share how they face the constant pressure of ever increasing car insurance premiums. Well, everything has a solution and so does the matter of the ever increasing car insurance cost. One of the easiest ways to get lower car insurance premiums is to choose a telematics or black box insurance policy. For this, a black box is fitted into your car to monitor your driving method. The device records your driving speed, frequency of applying brakes, acceleration on bumpy roads etc. As the tiny gadget passes all the records to your telematics car insurance provider, it has a strong correlation with the increase or decrease of motor insurance premiums. If you are rash driver, your telematics record will […]

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