January 2010 (3)
One of the continual problems under motor cover is the loss of no claims discount when a company pays out in circumstances in which one driver considers himself/herself to be innocent. Policyholders are obliged by their policies to notify insurers of an accident. They are not obliged, however, to make a claim. It is important that insurers make it absolutely clear to policy holders that they have this option when no damage to the other party has occurred. The ombudsman declared his intentions in 1982 to ...
If we turn the clock back to the earliest forms of civilization it appears that types of insurance have been apart of the society. Money as we know it today that's become the backbone of any financial institute took on different forms. These gestures may have been goods in return for help when indeed needed and in many instances it was simply the case of offering to help a person then knowing later on that they would return the favour if required. Basically, you scratch my back and I'll scratch ...
For the majority of people the largest single investment made in their life time will be the house they buy so naturally you want this protected financially and not lost with a strike of a match. If put in this situation the cost of repair to damage would place a heavy financial burden on our shoulders and for many the price tag would certainly be too great if there was not a home insurance policy in place. Most mortgage lenders require that you have building insurance some include it ...