is4money

Insurance

There are numerous insurance policies out there for all manner of eventualities. Here we provide some articles to help you understand and protect your investments.

Long-Term Care Insurance

LONG-TERM CARE: WHAT, WHEN AND HOW? Introduction This factsheet provides information on the different types of long-term care that an individual may experience. It then explores how much such care is likely to cost, how such costs may be met, and explains the role that long-term care insurance can play as a planned way of meeting all or some of the expense. Long-Term Care Insurance: Frequently Asked Questions What is long-term care? What is the likelihood of my needing care? Does long-term care just mean care in a nursing home? How much care will be required at home? Will my spouse/family be able to look after me? Will the state help me meet the costs of care at home? How much does care at home cost? What happens when it is too difficult to stay at home? Do I have a choice of accommodation... »

Life Insurance

A Guide to life Insurance Things you should know about Life Insurance Life insurance offers valuable financial protection in the event of your early death if you have family dependent on your earnings. But it is also a means of saving. This combination of protection and saving makes life insurance unlike any other financial product. Some policies protect, some help you to save and some do both. This guide describes the many different types of life insurance. It has been produced by the Association of British Insurers (ABI) on behalf of its insurance company members who offer life insurance. Your sales person, adviser or insurer will be able to answer the questions this leaflet prompts. Life Insurance as Protection for your family Loss of income and problems paying debts or meeting tax liab... »

Critical Illness Cover: A Guide

Why should I consider buying critical illness cover? If you, or those who depend on you, would face financial difficulties if you became critically ill (for example if you had cancer, a heart attack or a stroke), you may want to consider taking out critical illness cover. If you’re critically ill, the last thing you’ll need is any financial worry like the fear of losing your home because you can’t pay your mortgage. Critical illness cover aims to give you peace of mind in these circumstances. If, you are thinking about buying critical illness cover, the information in this guide aims to help you choose a policy that will meet your needs. This document is reproduced with the permission of ABI – The Association of British Insurers. »

Household Insurance

There are two kinds of household insurance policy. Buildings insurance covers the structure of the home together with its fixtures and fittings. Contents insurance covers the contents of the home which you would take with you if you moved. As well as covering you against a stated list of risks (including, for example, fire, subsidence, theft, flood and storm) both kinds of policy provide an important “liability” section. This pays for amounts of money for which you become legally liable. You don’t have to insure your contents and buildings with the same insurance company. The household insurance market is very competitive and it is always worth shopping around. However, using the same company may help to streamline claims handling if you suffer damage to the buildings and... »

Home Contents

What is Covered? A contents policy covers just about everything you would take with you if you moved. Furniture, furnishings, household goods, kitchen equipment, food and drink, televisions, video, computer and audio equipment, clothing, personal effects, and valuables up to stated limits. Boats, caravans and motor vehicles are usually insured separately. “Risks” Most policies cover loss or damage to your possessions, while in your home, by: Fire Theft Lightning Escape of water from tanks, pipes, washing machines or dishwashers Leaking oil from heating systems Storm Flood Subsidence Heave or landslip Falling trees, aerials or satellite dishes Riot or malicious acts Explosion Earthquake Impact by aircraft, vehicles or animals Many policies include accidental breakage of mirrors,... »

Holiday Insurance and Motoring Abroad

On holiday, things aren’t always plain sailing. You may fall ill or have an accident; you could have money or luggage stolen; your holiday might be cancelled or cut short through injury or illness. All these risks and more can be covered by a holiday insurance policy. If you take your car abroad you can extend your UK motor insurance policy. Car breakdown insurance can also be purchased from travel insurance agents. Package holiday policies Package holiday insurance policies usually cover a wide range of risks which are explained here. Remember that some sections of your policy will have an excess – the first amount of any claim which you will have to pay yourself. Cancellation You may claim for holiday expenses which you can’t recover, but not the cost of your insurance,... »

Fire in the Home

Fire Safety in the Home – Reducing the Risk Every home is potentially vulnerable to a fire. Even a small fire can cause thousands of pounds of damage and endanger life. Vigilance, common sense and awareness of the possible dangers can greatly reduce the fire risk by following our checklist below you and your family can greatly reduce the risk of fire breaking out. Remember that every day: 200 homes suffer a fire one person dies and 40 people are injured as a result of fire in the home Yet following these common sense steps will greatly reduce you and your family becoming another fire statistic: Fit smoke detectors. Smoke detectors can detect the earliest stages of a fire, so make sure you have at least one fitted on each floor of your home. And make sure they work! Regularly check ba... »

Family Protection

As well as protecting the house and the cars, protecting the family should be high on the agenda when considering risks Such protection can be arranged by setting up suitable insurance or assurance policies. What is insurance? Insurance is concerned with protection against risk (an event that may or may not happen). Insurance policies can be obtained to cover virtually any contingency. General policies cover more common events (eg fire, theft or natural disasters like weather conditions). More specific contingencies need underwriting by specialist insurers. As insurance covers risk, policies are written for a period of time or for an amount of cover. The period may extend for one day or several years, but is usually renewed annually. What is assurance? Assurance is a protection against cer... »

Beat the Burglar

The feeling that someone else has been in your home can live with you for a long time. The advice here will help stop you being the next burglary victim. Doors Outside doors should have deadlocks which at least conform to BS3621. These locks can only be opened by key. A burglar cannot just use a plastic card to push back the tongue of the lock or break a glass panel and reach in to open it. Doors which you usually lock from the inside – for example the back door – should also be fitted with bolts. But locks and bolts are only as strong as the door and the frame to which they are fitted. So check the woodwork and replace it if it is at all weak or rotten. Double doors should have bolts (preferably security bolts with removable keys) at the top and bottom of both doors as well as... »

Bad Weather – Flooding

Question and Answers – Flooding The questions and answers in this section are categorised. Please choose below :- Domestic and Commercial Motor Caravans General Further Information This document is reproduced with the permission of ABI – The Association of British Insurers. »