What is income protection insurance ?
Also known as permanent health insurance (PHI). It replaces part of your income if you are unable to work for a long time because of illness or disability. It continues to pay out until you return to work, die, or the policy term expires, whichever happens first. These products usually offer a choice of waiting periods before they will start to pay out (usually 4, 13, 26 or 52 weeks). The longer the waiting period you agree to, the lower your premiums will be, so it is important you find out what income you would get from your employer and other... Lire la suite
What you need to know when buying insurance
Generally, firms selling insurance and those providing insurance cover have to be regulated by us, or be the agent of a regulated firm. There are some exceptions, for example the sale of extended warranties on non-motor goods (such as on electrical goods) where the person selling the insurance is also providing the goods. You can buy insurance directly from insurers over the phone, internet or by mail, and also from banks, building societies, insurance or mortgage brokers, financial advisers, or supermarkets. Comparison websites will ask you several... Lire la suite
Defrosting motorists given car insurance warning
The Association of British Insurers (ABI) has warned motorists not to risk leaving their cars unattended with the engine running to defrost during the freezing weather. A number of motorists have attempted to stave off the cold by leaving their engines running, only to have their vehicles stolen. The ABI warned drivers that such actions could invalidate car insurance policies. Director of General Insurance and Health Nick Starling has strongly urged motorists not to leave their cars unattended with the keys in the ignition for even a short period... Lire la suite
Advice to motorists during ‘big freeze’
Steve Sweeney, head of motor insurance at moneysupermarket.com, said: “Motorists should ready themselves and their vehicles for ice and snow before taking to the roads. Abandoning your car “In the unfortunate event that motorists do need to abandon their vehicle, insurers will still look into a claim if one is made – as long as the car is visible, it doesn’t matter where it is parked. If motorists are at all unsure it’s worth speaking to the insurer ahead of any journey to clarify their stance on insurance for abandoned... Lire la suite
How to survive the cold this winter ?
Snow and ice has hit Britain, with more expected. The insurer MORE TH>N offer the following advice on surviving the cold. At home: Leave your central heating running, not on a timer, but at a constant temperature (the coldest time is between 1am and 3am). If possible, leave it running in all rooms. If you know you’re going to be away, either leave the heating on, or drain off your water and heating systems. If you have a property that is unoccupied, drain the system. To do this, turn off the stopcock, shut down the boiler and open all taps.... Lire la suite
