Insurance Info

This article is based on my research and does not constitute financial advice. I have included links to Halifax.co.uk as I feel they may be helpful to the reader for general information purposes only.

The value of your total possessions can go up as well as down over the course of your life, but it is most likely that as you acquire more electrical goods, jewellery and other valuables, you may need to take on board a good home contents insurance package that will protect your belongings.

While some people – such as those renting a property – will not need to shop for buildings insurance, everyone has certain things they own that are important to them. Whether this is your shiny new widescreen television, a computer that is essential to your day-to-day affairs or an expensive gold watch too expensive to replace, you might want to consider the benefits of obtaining a policy to protect them. Continue reading ‘Is it time to re-evaluate your home contents insurance?’ »

Auto insurance is a requirement of car ownership today. Also known as car insurance or vehicle insurance, auto insurance safeguards drivers not only from having to pay for extensive repairs to the vehicle itself, but also covers damage to other people’s property in the event of an accident.

Types of Auto Insurance

Auto insurance comes in many variations and with many different conditions. All policies can be classified into the following three types of insurance:

1.)  Collision Coverage: Pays for repairs or replacement of your vehicle if it is damaged by a collision.

2.)  Comprehensive Coverage: Pays for repairs or replacement of your car if it is damaged not only by a collision, but by any other circumstances. This includes fire, vandalism, theft, and so-called “acts of God” – lightning, a fallen tree, flood, and other natural disasters.

3.)  Liability Coverage: Covers the repair, replacement, or medical bills for any damages incurred to other people or property, including injuries or death of any third party.

Why Do I Need Auto Insurance?

In most states, auto insurance is required by law if you own or drive a car – not to protect you as the driver, or your passengers, or even the vehicle, but to protect other people if you happen to be involved in an accident in which someone is injured or killed, or property is destroyed. Continue reading ‘Auto Insurance – a Consumers Guide’ »