Candace finance
Insurance
Never before has the cost and value of insurance been so important, to that end we have complied the following vital information for consideration.
Extra cover
always think carefully about taking out extra accidential damage cover, insurers will usually ask you if you want extra cover but rember saying yes will normally mean inscreasing your premium by at least 25%, when your normal cover is more than surfficent for your needs.
Holidays
if you holiday abroad more than twice a year taking an annual policy is more cost efective than buying single trip policies each time.
Estimating your assets
most people misscalculate the cost of buying new items, d'ont underestimate your contents and possesions, even old things like furniture etc are expensive to replace.
remeber the market value of your home is not the same as rebuiding costs which is usualy less than half the value. getting this wrong can cause you to overpay however if you underestimate you will also have problems. ask your insurer for help on this if you are in doubt.
if you are looking for car insurance it is wise to make sure to find out if you will receive a courtesy car or not. some companies provide one free others charge a small fee, and some do not offer any at all.
the higher your car insurance premium the more quotes you should get if you are paying over £1000 a year it is well worth your while getting more quotes we recommend at least six to ten quotes.
it is a good idea to protect your no claims bonus, it is well worth paying a little extra to protect it especially if you have more than 3 years or more no claims.
The regulator
FSA-Financial Services Authority
The FSA is an independent non goverment body organisation that regulates the financial service industry in the UK, it is financed by the financial service industry and has the board members appionted by her majesty's treasury.
Insurance Organisations
ABI
Association of British Insurers
0207 600 3333
BIBA
British Insurance Brokers Associaation
0207 623 9043
IIB
Institute of Insurance Brokers
01933 410003
