Date:8 April 2009 I Comments: 1 I Views:10,824

I just saved myself £25. Some years ago a friend of mine had a motoring accident and was seriously injured. The other driver had been drinking and fled the scene but was eventually caught. My friend had legal cover with his motor insurance and subsequently paid no legal costs and was awarded substantial compensation. Since that day I have always taken out the optional legal cover with my car or motorbike insurance. Until today. I have a buildings & contents policy which I arranged for myself in my roll as a mortgage adviser (got a good price too! – drop me an email

.....read more >

Date:10 March 2009 I Comments: 4 I Views:9,554

While promoting a healthy society is a good thing, life insurance companies are making more money from people who don’t fit into ‘ideal’ parameters. Increasingly they are ‘loading’ customer’s monthly premiums on the basis of ‘Body Mass Index‘. Body Mass Index is a calculation which determines if a person is either underweight, ideal weight, overweight or obese. There is science to back this up as an indicator of health because it has been proven that overweight and obese people are more at risk of cardiovascular disease, diabetes and other serious illnesses. However according to the BBC website and Dr Rob Hicks ‘BMI alone

.....read more >

Date:6 February 2009 I Comments: 1 I Views:9,877

What’s this? Halifax undertaking a cost cutting exercise in a time when unemployment is on the rise? There’s a surprise! From 8pm tonight, Halifax General Insurance will no longer be offering Accident, Sickness & Unemployment insurance. I think it’s pretty obvious why they are doing this but surely some clever boffins calculate how many claims they’d get from how may policy holders to know how much they need to charge to make a profit? Unemployment may well be on the rise but don’t banks and insurers plan for these kinds of eventualities? Of course you will surmise, I have just made

.....read more >

Date:5 December 2008 I Comments: 1 I Views:7,958

As the global financial crisis continues to erode consumer confidence and the prospect of facing redundancy looms ever closer for many UK workers you could be forgiven for thinking sales of income protection would increase. Many factors however can curtail an immediate uptake of new protection policies. For instance if the threat of redundancy is already known about cover is not likely to be offered and many Accident, Sickness & Unemployment (ASU) insurance policies also have a clause preventing any claims during the first 90 days. This would indicate that unemployment cover is something people should consider having regardless of the state of the

.....read more >

Date:13 March 2008 I Comments: 3 I Views:12,660

It’s nearly impossible at the moment to get a quote for things like mortgages, loans and insurance without being telephoned almost the second you hit the ‘Get Quote’ button. Far too many sites that offer online quotes lead you to believe you WILL get a quote online when in fact they are just gathering your details to give you call. If the sites made it blatantly clear that someone was going to call it wouldn’t be quite so bad. I recently spent a bit of time trying to find a website that could give approximate quotes for life insurance but out of the

.....read more >

Date:12 November 2007 I Comments: 5 I Views:9,237

It’s been a while since I’ve written anything but this had to be said! A lot more information is being made available regarding loan payment protection and the cost to the borrower and the benefits of shopping around for prices. I recently looked at the figures and found some staggering results. One lender quoted for a £10,000 loan over 7 years, repayments of £158 without loan protection or £213 with protection. That’s £55 per month just for the protection. Whereas, loan repayment protection insurance from an independant provider can cost as little as £2.50 per month. Yes, it’s true. http://www.antinsurance.co.uk will cover

.....read more >

Date:9 July 2007 I Comments: 12 I Views:36,534

Because this blog post has gained ranking in Google for searches relating to the 14 day cooling of and cancellation period I have added the following:  For facts regarding 14 day cooling off periods, refer to the FSA handbook: http://fsahandbook.info/FSA/html/handbook/ICOB/6/2 Items marked with a capital ‘R’ are rules. If you need further advice the FSA can be contacted by phone: 0845 606 1234 It makes sense to fully read and understand the terms and conditions of your contract before committing to anything. What I have learned: The 14 Day Cooling off period for insurance is pointless because insurance companies are allowed to charge

.....read more >

Date:8 July 2007 I Comments: 4 I Views:8,250

Because this blog post has gained ranking in Google for searches relating to the 14 day cooling off and cancellation period I have added the following:  For facts regarding 14 day cooling off periods, refer to the FSA handbook: http://fsahandbook.info/FSA/html/handbook/ICOB/6/2 Items marked with a capital ‘R’ are rules. If you need further advice the FSA can be contacted by phone: 0845 606 1234 It makes sense to fully read and understand the terms and conditions of your contract before committing to anything. What I have learned: The 14 Day Cooling off period for insurance is pointless because insurance companies are allowed to charge

.....read more >

Date:2 July 2007 I Comments: 2 I Views:69,218

Because this blog post has gained ranking in Google for searches relating to the 14 day cooling off and cancellation period I have added the following:  For facts regarding 14 day cooling off periods, refer to the FSA handbook: http://fsahandbook.info/FSA/html/handbook/ICOB/6/2 Items marked with a capital ‘R’ are rules. If you need further advice the FSA can be contacted by phone: 0845 606 1234 It makes sense to fully read and understand the terms and conditions of your contract before committing to anything. What I have learned: The 14 Day Cooling off period for insurance is pointless because insurance companies are allowed to charge

.....read more >

Date:2 July 2007 I Comments: 2 I Views:12,084

Something to be aware of when choosing an insurance company is how they record details of no-claims discounts. When applying for car insurance we are required by law to put in the number of years no-claims discount that we can PROVE. Usually this means taking the information from your previous insurance policy. Some insurance companies only record up to 5 years no-claims. The big problem with this is if you know full well that you haven’t made a claim in over 10 years, you can’t prove it. The question I now need answered is: If I have an old certificate

.....read more >