Is your life insured?
While the vast majority of people in the UK know fine well that life insurance could be something of a godsend for those left behind in the event of a tragedy it seems that many people still have inadequate life insurance cover in place. Those who have a mortgage in the UK will have some form of insurance attached to this mortgage which will see the outstanding balance paid off in the event that both or one of the holders was to die. However, should you have additional life insurance in place?
When you consider that the repayments on a mortgage on death will give remaining dependents a roof over their heads, additional cover would allow them to reduce their financial worries in the future. Many people also look to put in place provisions for the children in the event of their untimely death to ensure that they are "catered for" in the future. There are many different types of life insurance available and there will almost certainly be something to suit your budget and your requirements.
Don't be one of the thousands of people in the UK who put off reviewing their life insurance arrangements until it is too late!
Car insurance cost falls, and ministers target whiplash fraud
The cost of insuring your car has fallen at the fastest rate in the last 20 years, as an average of £80 was saved per policy over the last 12 months. The news comes as ministers announce plans to reduce the cost of motoring, focusing on bringing down the amount of fraudulent whiplash claims, which result in higher premiums for everyone. The fall in motor insurance, announced by the AA Brit...Read More
Cancer sufferers charged more for travel cover?
Macmillan Cancer Support has launched a campaign to highlight alleged discrimination in the travel insurance industry against people who have recovered from cancer.The charity claims that some travel insurers will not provide cover for people who have recovered from cancer or will charge inflated premiums if they do agree to insure the traveller.Speaking on BBC 2's Working Lunch programme, the hea...Read More
Insurance claims flood in
Up to 8,600 insurance claims are estimated to have flooded in from anxious policyholders following yesterday's wet weather.After torrential rain and flooding plagued a number of areas across the UK, Abbey Home Insurance warned that the damage wrought by the freak conditions had come as a "shock" to many people.The insurer estimates that some 3,200 claims for flood damage were made yesterday alone....Read More
Car vandalism survey reveals surprising results
A new study into car vandalism conducted by AA Personal Loans has yielded some surprising results for motorists. Traditionally, dimly lit multi-storey car parks are thought of as the places where cars are most likely to fall victim to vandals.However, in the poll of 2,000 drivers just ten per cent said that their car was damaged by vandals in this type of location. Conversely, and somewhat surpris...Read More
AA travel insurance backtracks on volcanic ash promise
AA travel insurance, an offshoot of the well-known motoring operation, has today reneged on a promise to cover the costs of travellers caught up in the volcanic ash saga. Initially the company had promised to cover additional travel and hotel expenses for customers with AA travel insurance but this promise has been withdrawn after the company's insurance underwriters refused to pay out. So desp...Read More