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!
Have you been shopping around for your motor insurance?
As we covered yesterday, the UK car insurance industry is set to hit customers with an average 14% increase in car insurance premiums. This comes at a time when UK motorists are being hit on all sides with increased road tax, increased petrol prices and now increased car insurance premiums. As we have mentioned on numerous occasions, it seems as though the UK motorists is, and always has been, "fa...Read More
1,200 bikes stolen every day, insurer claims
Around 16 per cent of cycle thefts take place in the home, Sainsbury's Bank said today.The home insurance provider made the eye-catching claim as it released new bike theft data, which was derived from claims histories dating back to 2004.According to Sainsbury's, an average of 1,208 bikes are stolen each day in the UK - with many people taking inadequate security measures to prevent the thefts.Fo...Read More
ZÃ¼rich Insurance hit by record £2.28 million fine
ZÃ¼rich Insurance, one of the more popular insurance companies in the UK, has today been hit by a £2.28 million fine from the FSA after admitting losing confidential details relating to 46,000 UK customers. This is the largest fine handed it a UK based insurance company and perfectly illustrates the seriousness of the charges which the company has admitted. It was found that confidential inf...Read More
UK insurance companies take a hit
Lloyd's of London has today confirmed that a number of natural disasters as well as the BP oil rig debacle in the Gulf of Mexico have resulted in significant losses for insurers around the world. UK insurance companies have taken their fair share of multimillion pound hits over the last 12 months although many believe that ultimately an increase in regulations and the need to tighten current insur...Read More
Everyone can be protected against gazumping
Internet service OneMove has announced that it is now to widely offer an insurance policy to protect homebuyers against gazumping across England and Wales.The Home Buyers Expense Insurance (HBEI), which costs £69.99, provides cover against common problems that befall people when purchasing property. Customers can expect up to £1,500 of cover for expenses should the worst occur and a seller accep...Read More