Insurance

There have been many accidents in the UK where the victims has been badly injured and the family members are not happy with the compensation received from the insurance providers. The families said that the matter that hurts the most is the method used for calculating the compensation and suggested that it left very little for the victim. Most of them said that compensation was not at par with the family’s expectations and much lower when compared with the treatment expenses and medical bills. To combat this issue, Liz Truss, the Lord Chancellor, would be announcing the result of her review on the applied compensation rates. Experts suggest that the changes in the current rate suggested by Ogden would have a direct effect on the insurance premiums. The change in rates would affect payments made by motor insurance providers and medical bodies like the NHS and the insurers fear an […]

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One of the best things for occasional drivers is that a pay-as-you-go insurance policy will save drivers hundreds of pounds as they don’t have to buy a standard insurance policy. The pay-as-you-go policy is suitable for all those who drive the car on rare occasions and allows them to buy a monthly subscription which can be topped up as and when you drive the extra hours. The UK’s first pay-as-you-go policy was launched by a fresh car insurance app offered by pay-as-you-drive service provider Cuvva. The company says that it keeps the drivers in control of their insurance by charging monthly subscription of £10-£30 and a nominal fee starting with £1.20 an hour as top up charges. The plan also guards the vehicle when it’s not on the roads i.e. when parked in a garage or public parking. The Edinburgh-based insurer said that the insurance is most suitable for young […]

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Courts of England and Wales register more than one million cases of speeding every year. To stop this insane driving behaviour, a new and severe penalty would be introduced from the month of April this year. Precisely speaking, drivers in England and Wales should be ready for much higher penalties from the 24th April 2017. According to the new rules, motorists caught speeding would be penalised with a fine of 150% of their weekly income unlike the existing rule of 100%. The changes made by the district judges and magistrates are due to the consultation in 2016 which discussed that the former guidelines were not enough as far as the speeding rules are concerned. Also, if this kind of behaviour is allowed then it would be a potential risk to the general public and would make way for more accidents. Furthermore, the drivers would be subjected to points or disqualification […]

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Storms and snow are a part and parcel of life in the United Kingdom. Every year we face some kind of natural calamity and storms are the most frequent occurrence. However, many home owners are unaware of using their home insurance policy for getting the maximum payouts for storm hit homes. Recently, the UK was hit by the storm Doris and many homes have been flooded with icy waters. This would not just cost you huge heating bills as an aftermath but, also cost thousands of pounds for repairing the damage caused to the building and its contents. Experts suggest that the normal cost of storm damage would be around £905 and at least one in ten Britons would make a claim due to the vast damage Doris has made in some areas of the UK. The damage could be anything starting from the outer wall damage to bursting water […]

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Insurance giant Royal London has published a study that suggests that the reason for the lower number of people buying Protection Insurance is due to their perception and lack of awareness about the plethora of benefits that the cover offers. They conducted a study on 2,000 people and brought forth many facts that suggest that while 25% of UK adults have a life insurance policy, only a fraction of the people (6%) have critical illness cover. Moreover, income protection insurance is the least chosen cover with only 4% of the crowd going for it. The main reason behind the low number of policyholders is the ‘price’ as many UK citizens feel that the insurance cover is quite expensive. 29% of participants said that they do not have life insurance cover, 32% kept themselves away from buying critical illness cover and 31% did not choose income protection policy as they found […]

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One of the best quotes about travelling is that “Travelling first leaves you speechless and then turns you into a storyteller”. It is a one liner that describes the depth of wisdom you get on becoming a traveller. Again, it’s rightly said that travel teaches you more than anything else in life and travellers have experienced the truth behind these sayings. However, there are a couple of myths about travel that keeps people away from globetrotting. Today, let us learn a bit more about what stops people from travelling and check whether these fears are actually founded. There are many travellers and bloggers who have busted the myths surrounding travels. If some of these myths exist in your mind and you too are postponing your travels due to any of these reasons then it’s time for a revelation. Talking about best travellers in the world, one of the names that […]

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