MORE TH>N have changed their onl;ine Home Insurance policy package to relect the TV campaign and offer free contents when you buy buildings insurance. They claim as a result of customer feedback.
FREE contents cover when you buy Buildings Insurance. And, if you stay-claim free you’ll get FREE contents cover for the life of your policy.
25% discount if you buy online.
Covers all your possessions while they are in your home and garden (including any garages, sheds or outbuildings at the same address)
Up to £75,000 Contents cover – as standard (take note high net worth market)
‘New for old’ replacement of damaged or stolen goods - many delivered direct to your door
Basic Accidental Damage cover automatically included - for accidental damage to items such as your TV, music & entertainment systems, PCs, DVD player and including items such as ceramic hobs and glass top furniture
Buildings Cover:
Up to £400,000 buildings cover with an option of £750,000 buildings cover - making sure customers don’t pay for cover they don’t need. This cover provides protection against storm, flood, fire and subsidence for the structure of your home, as well as the full rebuilding cost of your home including architects and surveyor fees Buildings cover includes fixed kitchen units, bathrooms, plumbing, patios, walls and fences Major repairs carry a MORE TH>N ‘Repairs Guarantee’ from the approved contractor network.
(Sounds to us like a good proposition aimed towards the 50K+ per year market!)
Home Contents Cover:
This covers your belongings such as;
Free-standing Fridges and Cookers, Sofas, Carpets, Ornaments, Music & Entertainment systems, PCs and DVD players, and more personal items such as Watches and Jewellery
Cover is against theft, fire, water-damage and flood Option to upgrade cover to include accidental loss or damage in the Home (full AD cover) Option to upgrade cover to include “contents away from the Home cover” (away) £1,500 single item limit - items other than carpets, curtains and furniture worth over this limit will need to be declared individually
More Than stress the product is aimed at ensuring customers don’t pay for home insurance cover they don’t need.
Insurance Blogger is fairly impressed with this cover offering, however we are a bit concerned that there is no mention of Legal Expenses which is in our humble opinion one of the most important home insurance covers to the high net worth market. We need to establish whether this cover comes as standard or as an expensive optional extra.
Peter Mandelson the UK government's Business Secretary has announced a series of measures designed to help small to medium sized UK Businesses (SME) solve their current cash flow liquidity, credit and investment problems The support package entails the Government underwriting loan guarantees and the founding of a new Enterprise Fund designed to help SME companies struggling to access loans for working capital, wages and company investment.
The Government measures include:
* A £10bn Working Capital Scheme, securing up to £20bn of short term bank lending to companies with a turnover of up to £500m
* An Enterprise Finance Guarantee Scheme, securing up to £1.3bn of additional bank loans to small firms with a turnover of up to £25m
* A £75m Capital for Enterprise Fund (£50m from Government augmented by £25m from the banks) to invest in small businesses which need equity
Whilst we welcome measures to assist small businesses during the current credit crunch for falling into liquidation, questions must be asked of a socialist Governments role in underpinning a free enterprise society.
SME businesses can save on their commercial insurance in 2009 by shopping around the many online business insurance websites that now offer commercial insurance packages online for virtually every trade and profession.
Chief Portuguese winking whinger Christiano Ronaldo is currently leading the field for the most expensive car insurance claim in 2009, having trashed his Ferrari in a Manchester underpass last week. Lancaster Insurance offer Specialist Ferrari car insurance for both new cars and classic Ferraris online.
Here's a film of the red mess - lets hope poor Ronaldo had comprehensive car insurance cover!
Car Insurance - How You affect the premium charged!
We get many questions along the lines of 'Why is my car insurance premium so high?' and 'How do I cut the costs of my car insurance?', so we thought we'd take some time to explain how the price you pay is calculated.
Car Insurance premiums are made up of three elements. The rate, the commission and the profit.
When you apply online for a car insurance quote the answers you give to the questions will decide how the rate is built up, and consequently how much your premium will be. Car Insurance online forms will ask you about the risk - the risk is You and the Car you drive!
Although the car you drive will determeine the price you pay, it is information about you the driver which will determine the main part of the premium cost. It is you that are being insured primarily and it is you that is the risk being taken on.
The two most important rating factors that are related to you as an individual are where you live and your age. Like it or not where you live, your geography, is the most important factor and Car Insurance is a postcode lottery built up from system postcode tables with different rates for every postcode sector in the UK. If you live in an area where car theft is high or perceived to be high by the underwiters then you will pay through the nose for it. This is particularly true for most inner city locations throughout the UK. Short of moving there is little you can do to cut your premium costs, although many companies will offer discounts if you take additional security measures such as fitting an alarm or parking your car securely off-road or in a garage.
Your age is as equally important in deciding the premium base rate. Young drivers under 25 are penalised because of their age and their driving experience. They are far more likely to be involved in minor and major accidents and losses than an older experienced driver. Similary companies are prepared to offer reduced rates for older drivers specifically to attract this type of business. Your sex or gender is equally important. Insurance companies employ specialists to calculate the rates called actuaries. These actuaries look at long term trends and claims and if you are Male and under 25 you are going to get your premium loaded as the highest risk.
So if you cannot change where you live, your age or your gender how can you reduce the premiums? The easiest solution is to shop around which might take a bit of time or effort but could pay large dividends if you fit into any of the above brackets. Many smaller insurers have policies tailored towards the awkward end of the market where the risk pool is larger and can afford to discount rates to attract business. Don't waste your time on the insurance aggregator sites as these carry large commisssions and are only geared to those risks seen as standard by the insurers. Try to visit some specialist car insurers who will understand your problems and may have montly payment methods. Alternatively take some time to speak to a car insurance broker who will be able to suggest options and be aware of the latest products on offer.
Insurance Marketing on the Internet for Professionals
A new website The System has been created to show you exactly how easy it is to generate your own financial and insurance leads on the Internet. The authors have over ten years experience in the financial services and Insurance lead generation and marketing sector and are giving away the secrets of their Search Engine success for Free.
The System people have dominated the search engines for years for insurance terms such as car insurance and mortgage protection. Now your marketing team can copy how they did it.
Visit The System for all the latest Search Engine Marketing hot tips. you'll be amazed what you learn whether you are new to Internet Marketing or a self confessed guru!
Insurance Marketing on the Internet for Professionals
A new website The System has been created to show you exactly how easy it is to generate your own financial and insurance leads on the Internet. The authors have over ten years experience in the financial services and Insurance lead generation sector and are giving away the secrets of Search Engine success for Free.
The authors have dominated the search engines for years for insurance terms such as car insurance and mortgage protection. Now your Insurance marketing team can copy exactly how they did it.
With the direct big boys slugging it out on UK National television to give away free contents insurance(with T's and C's), on the back of the buildings insurance cover, it was not long before the other big direct player Direct Line got involved.
The RBS bank owned (should I rephrase that to read 'and British government'), has jumped into the affray with an offering of 50% off the cost of contents cover.
OK so its not as much as the other two, but has still got be worth a quick quote to check out the premiums and the various difference in home insurance cover offered. One has to assume that the buildings rates for both More Th>n and Norwich Union are inflated to cover the risk pool created by all that extra contents cover.
What makes Direct Line Home Insurance a good deal better? Well according to Direct Line • Up to 25% discount when you buy online & Up to 50% off of Contents cover • 12 months cover for the price of 9 • New for old replacement items for the garden, up to £1,000, as well as in your home • Where possible, we'll arrange the delivery of replacement goods direct to your door • Automatic increase in cover over Christmas and for weddings - £5,000 or 10% of the contents sum insured, whichever is greater • Cover for accidental damage to PCs and TVs and home entertainment equipment as standard • Children's content covered whilst they are away at University up to £5,000 (or 15% of the contents sum insured). • Unlimited frozen food cover • Bicycle covered as standard when left indoors, in a shed, garage or outbuilding • Includes cover for replacement locks • 24 hour emergency helpline for all customers
Insurance Blog is dedicated to all things happening in the Insurance World. From tips on where to get the best insurance deals to news from the Insurance Industry, you'll find answers at Insurance Blog
About Me
Name: Insurance Blogger
Location: United Kingdom
Insurance Internet Guru
Enjoy:
All things Insurance and anything related to the UK Insurance Market
