Insurance

We have been fancying about self-driving cars that can manage the stressful traffic and all the atrocities of driving by itself. Owning such a vehicle is not only a matter of comfort, but is often considered a matter of pride. However, everything comes with its pros and cons and autonomous vehicles are no exception. The main hiccup was how to define the car insurance rules for such vehicles so that it does justice to both parties involved in an accident. The UK government has solved this puzzle and has finally come up with car insurance laws for driverless cars. The government has made it clear that to be fair to both parties; the insurance companies           should offer two types of protection for autonomous vehicles. This would be based on the two situations – when the autonomous vehicle is driven by a person and when it’s in the self-driving mode. […]

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We all know about life threatening effects of cancer and the irony is that more and more people are being diagnosed by different kinds of cancers. According to official figures, the number of cancer patients in England has reached a record high. The year 2015 recorded 299,923 new cases of cancer as confirmed by the Office of National Statistic (ONS). The figures point to the fact that 822 people are being added every day on the list of cancer patients. It was discovered that the disease was more widespread in men than in women. The number of men suffering from cancer was 153,061 (51%) more than the 146,862 cases observed in females. Therefore, it is important to buy a comprehensive health insurance policy at an early stage in life so that you remain covered for all kinds of illnesses that may occur in later parts of life. If you already have […]

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We are all fond of high tech and expensive cars as the zooming machines make way for an excellent sight on the roads. Again, most of the gizmo freaks love to explore the technicalities of the cars and have an obsession for trendy cars. However, such cars can make a big hole in your pocket due to the expensive repair charges and high insurance costs. Naturally, the repair cost of any high tech car would be more due to the complexities of the technical aspects of the machine. As the number of such technically optimised cars increases year after year, the UK motor insurance industry also increases their premium costs accordingly. In fact, UK car insurance premiums have marked a record increase in 2016 when compared to the previous years. The companies suggest expensive repairs as the main reason for the increasing premiums. As per the reports from the Association […]

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One needs to agree to the fact that insurance jargons are difficult to understand and most of the times people lack the clarity about their insurance policy. For this, we normally prefer brokers as they can explain the actual cover behind the complicated words of the policy. The brokers can explain the cover, the exclusions and sort out all kinds of confusions. Insurance giant Aviva has researched on this and has come up with some interesting findings. Conducted on 1,000 customers, the research brought many things to the forefront. According to them, around 34% people are frustrated as they cannot find the policies transparent and are often stuck in the jargon. Most of them are just happy with the right level of cover and have little idea about the exact rules and guidelines of the policy. Talking specifically about home owners, it was found that nearly one third (30%) of […]

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Young drivers, especially, between the age group of 17 and 25 pay the highest car insurance costs in the United Kingdom. As they are twice more likely of making claims, the insurers charge much higher premiums for the risk taken to insure the young drivers. To combat such eye watering costs, drivers tend to take shortcuts and choose illicit measures to reduce the insurance costs. One of the most common method used for cutting insurance costs is called fronting where in the young drivers name their parents as the main driver of the insurance policy although this is not the case in reality. Experienced drivers can easily get a policy at low premiums when compared to the young inexperienced drivers. For the purpose of stretching those extra pennies, the young drivers opt for fronting which is legally not allowed. There are many who do not know that fronting is an […]

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Electric vehicles are encouraged due to their contribution to reducing the carbon footprint of an area. The Office for Low Emission Vehicles (OLEV) announces £2.5 million as a fund for the On-Street Residential Chargepoint Scheme so that having electric vehicles is not a burden for the normal people. The step was taken to facilitate local authorities for making EV ownership much easier for the average person. The money allotted would suffice 75% of the required capital costs so that multiple installations could be achieved easily. The amount is capped at a maximum of £7,500 for twin charging stations in the residential areas. To distribute the funds adequately, the OLEV has invited councils, which would apply for their areas current and future demands. They would be facilitated on a first come, first serve basis to maintain transparency. Poppy Welch, Head of Go Ultra Low, said: “The growing demand for EVs justifies greater […]

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