2009 is just around the next corner and what a year 2008 has been. The year has seen major changes in the economies of countries worldwide.
Many countries have gone into recession or are going into it and economists predict a "rough" time ahead for a few years.
At a time like this many people have to cut costs and unlike earlier recessions there are more "essentials" that they want to retain, for example mobile phones, satellite/cable TV and broadband internet access.
One "essential" that can be overlooked is their insurance policies.
Some insurance cover is mandatory under the law of the country for example motor vehicle insurance. If someone has a mortgage the mortgage company will usually insit as part of the mortgage deed that Building Insurance has to be taken.
Other types of insurance are also compulsory, however if you are renting or letting a property, going on holiday, are a home owner, in business you need to keep up the insurance payments. If you're not insured you could be risking losing your belongings. You might decide to stop your household insurance contents. What happens if there is burglary at your propert? No insurance no insurance pay out.
Many tenants forget their insurance. They sppend a small fortune on personal items like clothing, computers and bikes and then don't insure them. Companies like Endsleigh and HomeLet offer competitive policies.
Many companies have monthly payment schemes; however always read the "small print" if you stop paying the premium, the cover usually stops. and therefore no insurance payout.
If you are the owner of a holiday home in Spain, France Portugal and have difficulty with the language, did you know that you can get the policy written in English. jml-insurance.co.uk are introduction agents for two providers. Intasure and Andrew Copeland Insurance Consultants who offer such policies. Insurance policy wording can be rather complicated in your natural language, but even more so in a language you are not too familiar with.
Don't forget your pets either. The ABI issued a press release just before Christmas entitled "Insurance for your pet could be the best present you buy this Christmas"
They carried out some reasearch on the subject of giving pets at Christmas and the results said that nearly a third of people would consider giving a pet as a Christmas present. Yet worryingly, many pet owners may not realise how expensive vets' bills can be should their pet have an accident or become ill.
Responsible pet ownership means looking after your animals in every way, and that includes having insurance in place. Anyone giving or receiving a pet this Christmas should look at taking out pet insurance in case the worst happens and their pet need veterinary care
Don't cut back on insurance. You never know when you might have to make a claim
1 comment:
Agreed. In this era no one an survive without having an insurance policy. Even now buying it is not a difficult task too as one can easily shop for it online. Not only one can get the details of any kind of insurance policy online. So go ahead and plan to buy it as soon as possible.
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