Protect yourself against floods

It’s that time of year again when certain pockets of the country are suddenly gripped by devastating flash floods. One year ago exactly this weekend, residents of Cockermouth in Cumbria fell victim to the elements. Today, it’s the opposite end of the country that’s been hit, with residents of Lostwithiel and St Austell in Cornwall especially, finding themselves chest-deep in water. 

Time for reflection

While it’s difficult to imagine the devastation that flooding can cause until you fall victim to it yourself, the news should at least prompt homeowners into action.

Julie Owens, head of home insurance at moneysupermarket.com, said:  “With flood warnings still in place for much of the West of England, I would urge anyone who has been, or stands to be affected by this severe weather, to act now. 

“People in ‘at risk’ households should check the details of their buildings and contents cover, especially the limits and excesses on both. It

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Divorce and Insurance Business Idea

or far in 2010 the divorce rate has increased considerably compared to previous years.

One reason, experts say, is that the global economic crisis not only affects the pocket, but also the heart.

Debts and financial problems are one of the most common causes of divorce.

Insurance protect us from car accidents, fires or natural disasters, but before he died being hit by a car is a greater risk of divorce.

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Extra Christmas cover provided by 90 per cent of home insurance policies

Many home insurance policies provide additional cover over the Christmas season in order to protect the added value of items within houses at this time of year. According to recent research carried out by Defaqto, nine out of ten providers give temporary increases on contents and buildings insurance products to allow for such special events. As a consequence, any customers with policies from firms in the ten per cent that do not offer extra cover may want to think about comparing savings and switch provider as the festive period approaches.

Mike Powell, general insurance analyst at the independent financial research organisation, said: “This caters for the increase in the overall value of the property’s contents in the form of potentially expensive presents or gifts and helps protect people from the possibility of being underinsured”.

In other news, NFU Mutual warned rural home insurance customers to be conscious of fire risks in the property . Read more…

A ‘Get Out of Jail Free’ Card for the Insurance Industry

The following op-ed by Harvey Rosenfield, the founder of Consumer Watchdog and the author of Proposition 103, was published in The Daily Journal of Los Angeles on Monday, November 15, 2010.
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Can the California Insurance Commissioner or one of his staff authorize an insurance company to break the law, so that the company is immune from a civil suit for illegal surcharges?

According to Division Three of the 2nd District Court of Appeal, the answer to this question is yes. Its decision last month in MacKay v. Superior Court (21st Century Ins. Co.) 188 Cal.App.4th 1427 is the latest in a decades-long campaign by the insurance industry to win from the judicial branch what it lost at the ballot box when California voters passed insurance reform Proposition 103. Read more…

Commercial liability insurance for your business

When you’re looking for liability insurance for your commercial business are many things you have to consider if in order to make sure that you’re getting the best price and the right coverage for your business. Depending on the type of coverage you have will also determine what type of policy you need and how much you’ll be paying on that policy. You have to be precise when you’re talking with the insurance agent in order to make sure that you’re getting the exact coverage that you need to make sure that your commercial general liability policy insurance is going to cover everything that your business does. Read more…

10 ways to beat soaring bills

With money tight and household bills on the up, it has never been more important to shop around for the best deals on everything from gas and electricity to family days out. We have come up with the 10 top ways you can save money this winter, and beyond, without making any lifestyle changes or going without.

By putting them all into practice, you could save more than a massive £2,600 over the course of the next 12 months.

1.

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Ski enthusiasts should ensure they have adequate travel insurance

Those who are looking to hit the slopes this winter are advised to have adequate travel insurance cover in place for themselves and their families and this cover should include winter sports cover, warns moneysupermarket.com.

According to research from the comparison website, while there are competitive deals available, policies covering winter sports vary a great deal from provider to provider, with exclusions and caveats commonplace as well as coverage levels. It is therefore essential to check the small print.

Bob Atkinson, travel expert at moneysupermarket.com, said: ” Travel insurance should be an essential item when planning any holiday, especially for a trip involving adrenaline-fuelled winter sports like skiing and snowboarding . Read more…