It definitely pays to take out renters’ insurance to cover the cost of replacing your possessions should they be damaged or stolen. Even though you rent your home and you are not responsible for insuring the structure of the property (this is the responsibly of your landlord) you are responsible for safeguarding your own items…
Does travel insurance cover medical expenses?
Travel insurance is designed to cover a whole host of eventualities that you might experience whilst on holiday. Travel insurance is a very important purchase, especially if you are travelling overseas as all good policies cover any medical expenses you may incur. If you were to fall ill in a foreign country and need medical…
What can be insured?
Most of us understand the importance of taking out insurance to protect our belongings, and to protect our income and that of our dependants. However, there are also a variety of, sometimes weird and wonderful, eventualities that we can also protect ourselves against. If you rely on a certain part of your body to earn…
Why do you have to have car insurance?
In many parts of the world having car insurance is a legal requirement. There are different levels of cover available, and it is important that you choose the right cover to suit your particular circumstances. All car insurance is designed to offer some sort of financial protection in the event of an accident, or in…
What kind of insurance do you need for a small business?
If you are a small business owner it can be difficult to decide what sort of insurance you need to take out. Some policies are required by law, and some are up to your own discretion. The type of insurance you need is largely determined by the type of business you run, the size of…
Do you have to have homeowner’s insurance?
In most countries homeowner’s insurance is not compulsory, although if you have a mortgage on your property your lender will usually stipulate that you must have buildings cover in place. If you rent your home then it is the responsibility of your landlord to take out buildings insurance which will pay out if the property…
Why is it important to have a life insurance?
Not everyone needs life insurance, although if you have family members who depend on your income to pay the regular household bills then it is highly advisable. A life insurance policy will pay your dependants either a lump sum, or monthly payments if you die during the term of the policy. Your surviving relatives can…
Pros and cons of pet insurance
Many people find it difficult to decide whether to take out pet insurance. There are a number of factors that you need to take into consideration when thinking about whether a pet insurance policy is a good idea, and it certainly pays to weigh up the pros and cons before you sign up. Interestingly, pet…
What does travel insurance cover for a cruise?
If you are planning on going on a cruise it is advisable to take out specific travel insurance designed especially for holidays afloat. A policy that covers cruise holidays usually lasts for longer than the usual limit for single trip cover of thirty or sixty days, and offers additional protection for a wide variety of…
What are the four main types of insurance?
Insurance policies are designed on the principle that although we cannot stop unfortunate events occurring, we can protect ourselves financially against them. There are a vast number of different insurance policies available on the market, and all insurers try to convince us of the merits of their particular product. So much so that it can…