Insurance

One of the major clauses in content insurance is the single item limit, which we will discuss in detail today. Most of us live in an impression that our content insurance cover will manage the losses of all belongings and contents in case of a robbery or loss of item. However, the catch is that most home insurance providers apply the criterion of single item limit on the cover. The idea is to offer you a part of the actual cost of the expensive item and is limited to a set amount. What is a single item limit in content insurance cover? When you think about a regular content insurance cover , you can claim for the entire amount of the cover. The catch is that in the policy there would be single item limit which would be an assured amount of the range of between £1,500 and £2,500. So, […]

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With Christmas around the corner, most of us are busy planning a good vacation with friends and family. If you are one of them then do not forget to buy travel insurance for your trip. Make it a priority as it is a proactive measure to manage financial losses if anything goes wrong during and before the trip. The best way is to insure the entire trip and buy content insurance for all the valuables that you carry with you. Today, we will discuss the common mistakes travelers make when they insure expensive items while travelling and how to avoid them. Common travel insurance mistakes and ways to avoid them If statistics are to be believed, the percentage of Brits choosing travel insurance has reduced compared to last year. It is mostly due to reluctance towards paying expensive travel insurance premiums but continuing with this behaviour is certainly not advisable. […]

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Car insurance cost has been scaling new heights with each passing year and no one can deny this fact. Young drivers can still work their way to minimal damage methods by choosing best technology that gets them cheaper car insurance. Currently, black box insurance policy is quite popular amongst young drivers as it provides details of driving habits to the UK car insurance provider. If you are a good driver then this policy would actually give an insight on your driving finesse and compel the motor insurance provider to charge cheap car insurance premiums. This kind of insurance policy provides details of acceleration, frequent braking, driving speed and cornering etc. However, there are certain drawbacks of telematics car insurance as some of them are daytime-only policies while others charge a penalty if you driver after 11 pm. Although, telematics car insurance policies is efficient in getting you cheap car insurance […]

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Statistics reveal that around 16 million Britons have no home content insurance and the primary reason is the expensive home insurance premiums. However, that would not be the biggest road block if you know the methods to get lower content insurance premiums. Today, we focus on methods to minimize premiums so that home insurance becomes an affordable bet for one and all. Tips to reduce home content insurance premiums: Focus on the safety measures! Many home insurance providers in UK offer low premiums on a comprehensive cover only if the home is secured with BSI-approved locks. It is also the best way to safeguard your home so, equip the building’s windows and doors with the best quality locking system. To save on home insurance premiums, join Neighbourhood Watch Schemes to get essential security lights in your home. This will prevent chances of robbery compelling the UK insurance providers to offer […]

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UK’s leading financial services provider Thomas Cook announces pay-as-you-go travel insurance and a multiple currency card to facilitate the travelers. This is a wonderful opportunity for frequent travelers that need travel insurance at very short notice. Christened Roam, the holiday insurance cover can be activated through a smart phone app. The company named the prepaid travel card, Lyk, which will be in partnership with MasterCard. The best part is that the currency card would allow traveler to switch between ten different currencies without paying commission or transaction charges. It will come in the market during the New Year and would be initially advertised online. The global financial company plans to refurbish its existing plans and make it available through a smart phone app. They are in plans to apply the same method for credit cards and saving accounts. The revamped financial products would fall into a new division called Thomas […]

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UK motorists need to check road transport rules and regulations before heading on the streets with their pets in the car. They need to be extra careful as the accident may not only harm them and their pets but result in invalidation of their car insurance cover. If they are found guilty of causing an accident due to distraction from the pets, then the car insurance provider may cancel coverage. As per the rule, the pet should be restrained with a harness, pet carrier, cage or guard in a moving vehicle. As per Rule 57 of the Highway Code, “When in a vehicle make sure dogs or other animals are suitably restrained so they cannot distract you while you are driving. A seat belt harness, pet carrier, dog cage or dog guard are ways of restraining animals in cars.” Failing to assure safety could lead to a £100 on-the-spot fine […]

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As per motor insurance experts, young drivers could end up in big trouble if they choose fronting, which is an illegal practice of naming an experienced driver as the primary driver in their car insurance policy. They would end up facing a fine of £7,000, which is a sum total of legal fine of £5,000 and up to £2000 pay-out if they crash into another vehicle. As the practice is considered a fraudulent activity by UK car insurance providers, it is subjected to severe fines. Basically, young drivers use this kind of fraudulent activity to get cheap car insurance premiums in UK. The primary reason behind it is that young drivers are considered a risk by most motor insurance companies and therefore, they offer car insurance with heavy premium costs. On the contrary experienced drivers with good driving behaviour are charged lower car insurance premiums. Young drivers leverage this habit […]

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