Archive for the ‘Insurance’ Category

Posted on January 22, 2012 - by admin

The Truth about PPI

PPI or payment protection insurance is also called credit protection insurance or loan repayment insurance. The term PPI is most widely used and that is how we’ll refer to it here. No matter what name it goes by, PPI is an insurance product designed to cover loans in the event that the policy holder is unable to do so due to illness, accident, death or job loss. Loans that can be covered by PPI include mortgages, auto and other loans, and credit cards.

If circumstances in your life cause you to be unable to meet your monthly obligation, your PPI policy can cover it for you. Simply file PPI claims against the policy and payment should be made on your behalf.

It is important to understand that PPI has both benefits and drawbacks and both must be clear before making a purchase decision. In addition to the obvious benefits of peace of mind and financial security, there is the potential for enormous downside. Due to some unscrupulous lending practices by some lending institutions, many people have – and are paying for – PPI without their knowledge. It is crucial that you educate yourself about the risks and benefits of PPI as well as how to find out if you already have it. 

Posted on July 3, 2011 - by admin

All about High Value House Insurance

Many people assume that all home insurances are created equally. However, that could not possibly be any further from the truth. There is the regular basic home insurance. Then there is the high value house insurance.

A regular basic home insurance policy might be fine and dandy for people that have simple homes. However, they are far from being sufficient for someone with an expensive or exquisite home. People with houses that are worth a lot need something a little extra.

Why get high value house insurance policy? It provides more protection for people that have in their possession a house that has a high market value. In the event that something bad is to happen, the high value insurance plan will be able to cover more items in the house.

The high value insurance plan does not just cover the house. It also covers the pricey items that are in the house. This includes items such as fine art and expensive antiques. In fact, the policy will even cover the pricey items while the homeowners are away on a vacation or travelling on a business trip.

Is it easy to get a high value home insurance policy? Yes, the process is similar to getting a regular home insurance plan.

Posted on May 10, 2011 - by admin

Getting PPI reclaims

Millions of consumers have been mis sold PPI, or Payment Protection Insurance over the past decade. If you have signed up for a loan, credit card, or other financial product, there is a good chance that you are being charged for just such a plan, without even having asked for it!

Considering the high probability that you are paying out scarce cash for PPI, a PPI reclaim should be high on your to do list. On large loans the amounts in question could be into the thousands of dollars.

Even if the consumer requested the PPI, there are long lists of instances of the companies that sold the PPI refusing to cover the payments if those consumers lost their jobs…. exactly what the plans are supposed to do!

Do not be put off from allying for PPI reclamations process due to fear of heavy paperwork or long drawn out procedures. There are many legal professionals in your area specializing in exactly these kinds of claims. Do not hesitate as thousands have applied already and there will come a time when the statute of limitations on such cases will pass, at which point it will be too late to get any of your money back.

Posted on September 15, 2010 - by admin

Insurance information

If you’re renting out a piece of real estate you’ll need landlord insurance. This isn’t really an optional feature; it’s something that you really can’t do without when renting anything, from an apartment to a manor house – even if it’s just for a wedding celebration or another type of short-time rental, like holiday rental.

But it’s good that you inform yourself thoroughly on what benefits come with your landlord insurance policy and what limitations it might have. A good insurance policy should have most, if not all, of the points we’ll discuss here. Legal cover is essential, as it will help you with legal charges in case you get prosecuted. Landlord liability cover is another form of this, specifically designed to cover any sort of legal or medical expenses you may incur when renting out your property. Rent guarantee is another important thing to have, as it ensures that you’ll keep on getting paid if some major accident renders your property uninhabitable. Making sure that your policy has an unoccupied property cover clause will ensure that the insurance is still valid if the house is not being rented out. Finally, a home emergency cover will help deal with problems that require immediate fixing, which causes the rate of the fixing service to go up.