Nowadays, every time you apply for a loan you will most likely be offered payment protection insurance. If you are taking out a particularly large loan, the idea may seem very attractive.
Do I need Gap Protection for my Car Loan?
Do you realize how much you are at risk financially if you wreck your car or it gets stolen? Your auto insurance policy might not provide all the financial protection you need, if the value of your car is less than the balance of your auto loan. Gap coverage is designed to cover the difference between the value of your car when it was lost and the balance of your car loan.
Travel Insurance rates
Probably the biggest factors when calculating travel insurance premiums is the length of the cover required. If you are taking a two-week vacation, there is a much lower risk than if you are making a yearlong voyage around the world.
Life Insurance Why Does The UK Have A £2.3 Trillion Protection Gap?
According to Swiss Re, one of the world’s largest re-insurance companies, less than half of the UK population has any form of life insurance protection. They then go on to put a figure on the value of this protection gap. Using an average income of £20,000 and assuming that the value of protection needed ranges between 5 and 10 times income, they put a value on the protection gap at £2.3 trillion.
But in all probability, whilst the gap is huge, £2.3 trillion is likely to …
Memo to myself I need Keyman Insurance
Keyman Insurance is the most overlooked of all business insurances especially for small businesses where the need is greatest. This article argues that businessmen should insure the risks.
Mortgage Protection Insurance The Essentials
It’s tempting to sit back and relax once you’ve moved into your new home but hang on, have you made sure that you’re insured against all the risks that could stop you from paying your mortgage? Many things could go wrong and make it impossible for you to work, and in this article we go through each risk, and assess how important it is that you take that into account. If you are responsible for a family, then it is particularly important that you take heed of the following f…
Mortgage Protection easing your biggest concerns.
Most homeowners have life insurance to repay their mortgage if they were to die. But death is only one of many risks. What other risks threaten your mortgage and how can they be offset? This article investigates and offers some solutions.
Payment Protection Insurance Is It Worthwhile?
The Financial Services Authority (FSA) has been looking into the issue of Payment Protection Insurance (PPI) and the way that it is sold to people taking out loans in the UK. The list includes many of the UK’s biggest banks and building societies, and it is single-handedly earning lenders over £1 billion a year.
The point of PPI is that if a loan borrower becomes unemployed or unable to work though accident or illness, the loan provider will cover their payments until the…
Keyman Insurance Protect yourself against some of your biggest businesses risks.
Keyman insurance is one of the most overlooked insurances for business but also one of the most important. This article looks at the risks it can cover for Directors, Shareholders, partners and employees alike.
Home Insurance and Hurricane Preparations
The violent winds, rains and storm damage from hurricanes can devastate communities and cause billions of dollars worth of destruction. The losses from hurricanes this year alone have surpassed that from almost any other natural disaster in years.
Car Insurance Pricing Plans
The law requires liability insurance for all drivers and vehicles. This means that if you are involved in a serious accident, and it turns out that it was your fault
Criticism of Insurance
Insurance policies work by taking premiums from customers in exchange for baring the risk of certain costly events occurring. For example, if there is one fire in your town each month, everyone could just sit tight and hope their house doesnt burn down next