Switching home insurance providers can save money

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by Tiffany Parker March 03, 2011 in Insurance News

A report by insurance comparison website Confused.com has revealed that homeowners in the UK are losing out on hundreds of pounds by not exploring possible savings from switching their home insurance provider .

It was found that people owning their own homes could save in total up to GBP1.7 million each year if they shopped around for improved deals on home insurance and moving to a new provider if they offered better terms that currently being received.

The findings show that homeowners are losing out on an average saving of GBP96.43 a year if they found improved terms on buildings and contents insurance policies .

Homeowners admitted that the main reason they did not investigate switching insurance provider was they believed the hassle of doing so would outweigh the cost savings achieved, with 19 per cent of people taking part in the survey responding that this was why they did not switch. Read more…

Secure Your Home While You Travel

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by Tiffany Parker February 28, 2011 in Insurance News

With all the excitement of a vacation or trip, it’s easy to forget what you leave behind until it’s too late. There’s nothing worse than remembering to lock the garage when you’re on a beach 1,000 miles away. Plan to protect your property and pick up the correct travel insurance so you have complete peace of mind on your travels.

Make it look like you’re still at home – get a friend to collect mail, purchase timers for inside and outside lights, and arrange for someone to mow the lawn or shovel snow in winter.

Turn off the ringer on your telephone or unplug the phone if you don’t have an answering machine. Check with your security provider about leaving the house alarm on for an extended period of time – some systems are negatively affected by power cuts.

Make sure your home and travel insurance is up to date and that you have enough coverage. Tell close friends and relatives your departure and return dates but don’t spread the news wider – posting your vacation plans on facebook could be an open invitation to opportunist thieves.

Motorists turn to more fuel efficient cars as car insurance costs rise

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by Tiffany Parker February 23, 2011 in Insurance News

Motorists are being hard hit with rises in car insurance and petrol and many are thinking of choosing a more fuel efficient car when they next buy one.

According to research carried out by moneysupermarket.com, almost 50 per cent of those questioned believe that they will purchase a more fuel efficient model next time as they try to save money on motoring costs. Around 10 per cent said the price of car insurance will have a direct bearing on which model they buy and some people said that they will be using public transport instead as driving has become too expensive.

Pete Harrison, car insurance expert at moneysupermarket.com commented: “With prices on the up it is more important than ever drivers ensure they are shopping around for the best deals on insurance, those who do will reap rewards and make their hard earned cash go further.”

The comparison site also warns drivers not to get involved in fronting’ for their children which is illegal.

Essential Preparations for Your Trip

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by Tiffany Parker February 20, 2011 in Insurance News

The better prepared you are, the smoother your travel. A bit of time spent in preparation for a trip abroad – from booking travel insurance to mapping your route – can pay dividends in stress reduction and time saved for enjoying yourself.

Check your insurance needs and purchase international travel insurance for your trip. Remember Medicare and Medicaid, and private insurers, do not usually cover you for trips abroad. Choose a plan including emergency assistance, prescription drugs and repatriation coverage.

Leave copies of your passport, insurance documents, credit cards and itinerary at home or with a trusted friend or relative. If something goes wrong it’s easier for them to help you out. Take all the phone numbers you need to cancel cards and claim on insurance from abroad.

Check your route and itinerary and plan where you will be at certain times. It can be a good idea to register your travel plans with the State Department , especially if you are travelling long-haul. This

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