Insurance  OK, so everyone knows that it’s the law to insure a car or motorbike. But what else can you insure, why do you do it and how?
An insurance policy is a way of protecting your belongings so that if they are lost or damaged in some way, you can be paid compensation to replace  them. Unfortunately for us, insurance companies aren’t generous enough to insure us free. To insure anything you have to pay a premium, which is an agreed amount of money you pay your insurance company each month.  You can insure anything that belongs to you personally, Jennifer Lopez even decided to insure her bum against damages! An insurance broker will help you choose an insurer and policy that will suit your needs. Alternatively you can deal directly with an insurance company and choose your cover over the phone. Before you can choose your policy you need to decide which of the many companies you want to use. Insurance companies and insurance brokers in your local area will be listed in the yellow pages or phone book.
 You should have decided what kind of cover you need before you started. When you have been given information on a particular policy, it’s a good idea to check the terms and conditions thoroughly to see exactly what it does and doesn’t cover. Don’t be surprised if you are expected to pay the first part of any claim. This is called an excess, and is usually around £50.
Don’t take the first policy you see, it’s best to get ‘free quotations’ from a variety of companies to decide which is ideal for your situation, and don’t be afraid to ask if you don’t understand something. When you  are agreeing the terms of your policy, answer all the questions truthfully, otherwise your policy is invalid, meaning you won’t get compensation if you need it. Your policy will probably be due for renewal once a year, so tell the company if any of your details have changed at that time. Finally, always remember to keep a copy of your policy for your own records. Association of British Insurers
www.abi.org.uk
020 7600 3333 Read:
Sarah :o)
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