People who own a holiday home could be at risk of losing their possessions if they do not take out a home insurance policy covering the property, warns a representative from Saga insurance .
Andrew Goodsell, Executive Chairman, Saga Group Ltd, commented: ” Holiday homes are often left vacant for periods of time which leaves them especially vulnerable to robbers. It is therefore important that people regularly check their level of insurance to ensure that they are protected for the full value of their property and possessions.”
These remarks were made after research conducted by Saga insurance revealed that one in ten holiday home owners have no insurance for their properties overseas, while six per cent of those who do have a policy have not checked their valuations.
The average owner spends only one month a year in their holiday home, which means that for much of the year the properties can lay vacant and vulnerable to burglary and vandalism. Read more…
Sam Traveler (say) is a legendary international traveler. While he has traveled all over the world, he never leaves home without two things: his toothbrush, and travel insurance. For all those Doubting Thomases who wonder whether international travel insurance is even worth it, he always has a story to tell.
And because he’s traveled since he was a little kid, he has perspective on all kinds of travel and insurance: student travel insurance, trip cancellation insurance, missionary insurance, and in an unbelievable story, marine crew insurance.
The one thing that Sam lives by is this: It never hurts to be prepared. W Read more…
Washington, D.C. — In advance of an expected final vote on financial reform legislation, Consumer Watchdog urged the U.S. Senate to fix provisions that would deregulate insurance oversight by giving the Treasury Department the ability to override state protections on behalf of foreign insurance firms, including laws requiring insurers to hold enough money to pay all claims.
“Insurance consumers shouldn’t be collateral damage in the fight to reform Wall Street. We urge the Senate not to make insurance deregulation the unforseen legacy of the financial re-regulation bill,” said Carmen Balber, Washington Director for Consumer Watchdog.
Read more…
One of California’s largest insurers has sunk upward of $10 million into ads and efforts supporting Proposition 17, the auto insurance measure on the June 8 ballot, in what consumer advocates are calling a “David and Goliath” battle that they say could affect consumers for years.
The complex measure would allow drivers to keep their discount for maintaining coverage when they change insurers, while giving companies the authority to raise rates for motorists whose insurance has lapsed. Such practices are illegal under Prop. 103, a landmark insurance measure that voters approved in 1988.
For months, Prop. 17 ha
Days of discussions are over and now the country is entering relatively unknown waters and the challenges of a coalition government. But one thing seems certain – cuts are coming and tax hikes are on the cards, so how can you beat them? We may not yet know exactly where the country’s austerity measures are going to hit us personally, but it seems certain that the new coalition government will need to squeeze the country if it is going to bring down the deficit. Read more…
Swinton Bikes, a motorbike insurance broker, is warning consumers to be vigilant when purchasing a new motorcycle following a rise in the number of dealers unwittingly accepting stolen bikes in part-exchange for new machines.
As a consequence of the recession, motorcycle dealers are now under much greater pressure to secure sales and this has led to lax security checks and as a result, they are accepting “ringers” which are stolen bikes given the identity of legitimate machines.
Anthony Aronin, Head of Swinton Bikes, said: “Riders incorrectly think that they will be covered by their motorcycle insurance policies if they buy a stolen bike but this isn’t the case. Read more…
When packing your bags for the round-the-world trip, remember to bring along international travel insurance. While several plans exist in the market , research the plans and choose one that works for you. The WorldMed travel insurance plan is one such high-value travel insurance plan.
The plan offers a choice of two maximum benefit levels: $500,000 and $1 million. These plans include medical coverage and accidental death and dismemberment benefits. The WorldMed Lite plan lets you choose either accident benefits or medical benefits.
The plan can be renewed for up to three years, and the plan covers 80% of the medical costs up to $5,000 and 100% thereafter. Read more…
??Supporters of Prop 17 are on the air with their first TV spot promoting the June ballot measure.
The initiative, bankrolled by insurance giant Mercury General Corporation, would allow auto insurance companies to offer “continuous coverage” discounts to motorists who switch insurance carriers. Supporters say the change would lower prices for consumers who want to switch companies. Critics counter that it would allow allow companies to raise rates for new drivers or motorists with a lapse in coverage.
The spot draws on language in the Secretary of State-issued voter guide to highlight the “good driver discounts” that could be extended to new customers under the measure. Click he
Around 590 million of damage is caused to homes in the UK each year by tradesmen, according to new research from Sainsburys Home Insurance .
The study indicates that while up to 25 million British adults have employed a tradesman to carry out work in their home in the last five years, only 16 per cent (4 million) of these people asked for evidence of public liability cover from the person they were employing in advance of them carrying out the work .
Ben Tyte, Sainsbury’s Home Insurance Manager, said: “Some home insurers, like ourselves, will review matters of damage on a case by case basis and may cover damage done to a property by a qualified tradesperson. Read more…