Thursday June 26, 2003 @ 12:22 GMT
Features Issues and Advice Cool Stuff My Pupiline Forums Local Areas
Search for: on
Home » Features » Money »
Featurespupiline interactives
  Addictions
  Being Positive
  Bullying
  Dating and Dumping
  Driving
  Exam Stress
  Food
  Friends & Family
  Health
  Keeping Legal
  Money
  Part-Time Jobs
  School
  Sex and You
  Y Vote?
Issues & Advice
Cool Stuff
My Pupiline
Forums
Local Areas
About Us
Links

Insurance

OK, so everyone knows that itís 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 arenít 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, itís a good idea to check the terms and conditions thoroughly to see exactly what it does and doesnít cover. Donít be surprised if you are expected to pay the first part of any claim. This is called an excess, and is usually around £50.

Donít take the first policy you see, itís best to get Ďfree quotationsí from a variety of companies to decide which is ideal for your situation, and donít be afraid to ask if you donít understand something. When you are agreeing the terms of your policy, answer all the questions truthfully, otherwise your policy is invalid, meaning you wonít 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:

Get Your Finances In Order

Choosing A Bank Account

Plastic, Your Flexible Friend

Overdrafts

Online Payment

Tax

More Help And Info

Sarah :o)


©1999-2003 Pupiline Limited, 2003-2008 Creative Commons. For info email Oli Originally powered by KeConnect Internet, now powered by XCalibre and the Big Boost, recovered thanks to Warrick


©1999-2003 Pupiline Limited, 2003-2008 Creative Commons. For info email Oli Originally powered by KeConnect Internet, now powered by XCalibre and the Big Boost, recovered thanks to Warrick


©1999-2003 Pupiline Limited, 2003-2008 Creative Commons. For info email Oli Originally powered by KeConnect Internet, now powered by XCalibre and the Big Boost, recovered thanks to Warrick