Deciding Whether to Bother With Insurance

Insurance can be a lot of money and if you are already struggling financially, then it can be tempting not to have any. Some people have the cheapest insurance, some have the minimum and others do not bother. It is worth considering the consequences of this though.

You will find that if you have a mortgage then your mortgage company will insist that you have life assurance and buildings insurance. You will also be legally required to have car insurance if you drive. With paying out all of this already you may decide that you do not want any more insurance or if you have no mortgage you may decide not to bother with the life or buildings insurance.

It is important to think about the purpose of insurance. It is there to give your peace of mind. If anything happens then it will pay out the help you. For example, if your house burns down, then you will be able to get the insurance to pay out to rebuild it and pay to replace the contents. This is something that you are unlikely to be able to afford to do yourself. Life insurance will pay out to help your loved ones cover costs after you have gone.

Bother With Insurance
Although the monthly cost of the insurance can be a burden, you have to consider the consequences of having it. Some people will still think that it is not worth it. It will depend on whether you have dependents who would benefit from a pay-out for one thing and whether you could afford to replace something that is stolen or damaged. You may decide that mobile phone insurance is not worth it, but perhaps that buildings insurance is as you could afford to replace a phone, but not a house.

You may also feel much safer knowing that you have insurance. Knowing that if something happens that you will get some money to help can give you peace of mind, especially if you do have a family to think about. Protecting against a risk is always a gamble as you never know whether you will use it or not, but it can help you to feel more relaxed and that can be worth a lot.

You need to calculate whether you can afford to be without the insurance really. Think about the cost of not having it and whether it is best to have it or not. It is hard to predict the future but you need to consider what the risk might be and whether you think it is worth insuring against.

Required Business Insurance

There is some insurance that anyone owning and operating a business in the UK must have. There are additional coverage policies that merchants can buy, but the following are coverage types that are required by law for your store to be operated in the UK.

The first policy you must have in effect is an employer’s liability policy. It does not matter if you are a small merchant and have only one employee, you must carry this type of coverage. This policy will protect your employee should they sustain an injury at your place of business, or become ill due to something related to their job duties.

The second type of coverage that is absolutely mandatory is a public liability policy that will protect anyone who does not work for you if they should be injured on your property. This policy type will also cover damages their property might sustain as a result from something, or someone who is working for you at the time of the damages.

Business Insurance

The third main policy you must carry is product liability coverage. This will cover you in case someone claims that the product you make caused damages to their personal property or to them. This coverage extends to the supply of products you make to other commercial merchants, and will cover the legal expenses you may incur, as well as covering the amount you need to pay in order to comply with any court rulings against you.

Professional indemnity is required of any business that offers investment advice, in any form. This is not a compulsory policy for all businesses, but it will protect you in the event that a client files a lawsuit claiming that you gave them poor advice or services, and as a result they suffered some type of loss. You cannot afford to operate a business that gives financial advice without having a professional indemnity policy covering all possible claims.

Accidents cannot be predicted, or they would not occur, and anytime you are working with the public you will find that people cannot be predicted either. You must protect yourself from lawsuits, and injury claims, if you are to stay in business.

NK master cylinders

The master brake cylinder is used to convert the pressure caused by the foot of the driver hitting the brake pedal into hydraulic pressure. This allows to push the brake pads against the drum or the disc (depending on what brake system the vehicle uses), that is attached to the wheel and thus slowing the car down.

Pressing the brake pedal pushes the primary piston through the bore of the master cylinder. This creates hydraulic pressure due to the brake fluid the master cylinder is filled with. That pressure moves the secondary piston forward. When the bypass holes are covered by the movement of the pistons, the hydraulic pressure increases and pushes the wheel cylinders. After the driver lets the breaks go, the master cylinder is refilled with brake fluid.

For safety purposes, the master cylinder controls two separate systems, each responsible for two wheels. If a leak occurs in one of the systems, the other will not be affected by it, and so the car will still be able to slow down.

NK master cylinders

The main cause of master cylinder failure is corrosion. Therefore, it is important to choose a product made of a high-quality metal, such as the ones offered by NK. NK master cylinders are covered with anti-corrosion coatings that ensure that they will function properly for a long time.

A malfunction of the master cylinder can be detected, if you notice a trail of brake fluid coming from your car. However, this could also indicate a problem with another component of the break system. Have your car examined by an experienced auto mechanic in order to discover the real problem, so you don’t replace the wrong part. If the master brake cylinder is damaged, the mechanic will install a new one. For a better and longer performance ask for a NK master cylinder.

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A Game Plan for Your Insurance in 2013

It’s time to mark your calendar, whether it’s made out of card stock and hangs on the walls or if it’s a fancy web calendar, because it’s a new year, and it’s time to make sure that you have the right types of insurance once again. If you have a type of insurance that you don’t need or haven’t re-shopped your insurance policies, you could be wasting a lot of money. If you don’t have insurance that you do need, you could be putting yourself at a lot of risk.

Here are some steps to make sure that your insurance is ready to go for 2013 and beyond:

Check Up on Your Life Insurance – If you’re in relatively good health, mark a date on your online calendar to re-shop your life insurance quotes online. If you have whole-life, consider switching to more affordable term insurance. If you don’t have any children or have adult children that aren’t dependent on your income, ask yourself if you really need life insurance at all. If you have a wife and kids and don’t have any life insurance, you should beat yourself up, get a quality term insurance policy so that your family is protected.

Reconsider Your Car Insurance – If you have a vehicle and are paying for collision and comprehensive insurance, make sure that it actually makes sense to do so. If your vehicle is worth less than £5000, and you’re paying for these extra insurances, you should probably not be wasting your money by insuring something of such little value. If you’ve bought a new car and are only carrying minimal insurance, consider upping it.

Review Your Health Insurance – If you’re getting employer provided health care, you’re probably stuck where you are, but if you buy your own health insurance, you should probably go out and check and make sure you have the best health insurance. Not all health insurance companies are the same and there are some that are notorious for turning down claims, and there are others that provide great customer service, so make sure you’re with a good company by reading reviews of it online.

Eliminate Wasteful Policies – If you are paying for pet insurance, mortgage-life insurance, cancer insurance, or any other policy that most people don’t have, you might be insuring something that’s really un-necessary. If you get cancer, your health insurance will pay for the bill, you don’t need a separate policy that will pay your bills if you get cancer. It’s kind of like signing up for both Flickr and Facebook for photo sharing, they do exactly the same thing, so there’s not much need to do both.

Finally, you should check up on your home insurance policy. Make sure that it will cover the current value of your home. Although the market is down a bit, some have still appreciated significantly in the last 5 years, so make sure the dollar amount on your policy matches the value of your home.

Compensation Culture Is Sending Premiums Sky High – What You need to Know

Compensation culture is becoming too much for the insurance industry. Instead of just having a society where people file claims when they honestly have a claim to file, you have people who are looking for a payday. Even if drivers really aren’t injured, there are personal injury claims flying around. According to statistics from the Department for Work and Pensions, there were 552,000 personal injury claims. That was in 2007 — in 2011, that number leapt up to nearly 800,000.

You might think that insurance companies actually have procedures in place for this, but there are loopholes. Indeed, the number of claims for whiplash — the neck injury commonly thought of when it comes to automobile accidents.

Whiplash is hard to detect for abuse, because there’s no way to see it on an x-ray or another scan. They have to take the patient’s word for it.

This type of insurance fraud — among others — costs the industry 2 billion pounds a year. This adds about 44 pounds to every consumer’s premium. This has had a heavy effect on insurance premiums for young people. They have risen 64% in the last year alone.

You want to make sure that you don’t inadvertently contribute to the problem of insurance fraud. Don’t just file a personal injury claim for the sake of getting easy money. It bites everyone on the rear in the long run through much more expensive premiums than before. The average claim per person runs at nearly 5000 pounds!

Claims companies can also prowl you, looking for anything that could have you pursuing a claim. Don’t fall for it. Even though you don’t have to prove that you’re actually injured, the reality is that this still hurts the industry at large.

The compensation culture doesn’t just start with you though — the insurance companies themselves have a problem here as well. Some insurers even give out insurance claims to third parties such as solicitors and credit hire companies, making it very tempting for those companies to turn around and contact you. There’s a lot of money being circulated through this problem, and it’s time for lawmakers to put a stop to it.

We would be remiss if we didn’t mention the top way that people commit to the fraud cycle.

Let’s say that someone runs straight into the back of your car. It’s clearly not your fault, so the other party’s insurer has to pay for the damage to both cars. The police come up at the scene to deem one or even both cars unfit to drive. The vehicle recovery lorry come sand takes them away to the police pound. Who profits?

If you said the police, you would be right. They receive a referral fee from the recovery company for the work, from about 25 pounds per referral. That can add up.

There are a lot of hands in this industry, and only time will tell whether or not the average consumer truly gets fed up enough to take massive action in pressuring policymakers. We just figured it would be best to inform you of what’s going on.

Either way, you’re going to need insurance, and this is even more timely: shop around. Seriously — trying to just assume that everything will be fine is a losing battle. Educate yourself, and go from there — always!

The Inner Workings of a Trust Deed Are Designed To Help You When You Need It Most!

If you look at the inner workings of many debt relief solutions, you will actually see how they’re designed form the ground up to help people when they really need help the most. Chances are good that if you’re reading this right now, you’re not someone that has a lot of options. You’ve found yourself in a world of financial trouble, and you are trying to take responsibility for it. All you know at this point is that there’s no point in beating yourself up — what’s done is done. There’s no going back to that point — only moving forward. In this vein, the trust deed program can help you get back on your feet…if you allow it to.

If you look on sites that are trust deed related, you’ll find that many of the steps involve you. You will have to disclose your assets, and realize that many of them can indeed be seized in order to pay for your debts. You will also have to deal with the fact that you will not have some of the luxuries that you were once accustomed to. It might be bare bones living for a while, but a better financial future could be waiting for you. If you don’t reach for that, will you ever have a chance at getting what you really want?

During the trust deed agreement, you will not be able to reach for credit in any way, shape, or form. It will be cut off from you. Think of it as a time to really get to understand credit and personal finance. You might not be able to use credit cards, but you can open a savings account and save for the emergencies that come up in life. Isn’t that more important than anything else, anyway?

At first glance, 36 months might sound like a lot of time. But you have to step back and ask yourself how long you’ve been struggling with your bills. Many people have spent twice that much time worrying about the bills and dealing with high interest debts. It’s time to get rid of the interests, stop the phone calls and avoid further legal action being taken again you. Now is the time to embrace a new financial future and it starts by looking into the trust deed system. Trust us; it’s definitely worth it in the long run. Good luck!

Pet Insurance

Getting pet insurance could be the best move you make to ensure that your pet is properly looked after. No one knows for sure how many pets there are in the UK. In fact, there are no official figures according to the Department for Food, the Environment and Rural Affairs (Defra). However, figures from the Pet Food Manufacturers Association show that in 2004 there were some 6.8 million dogs and 9.5 million cats.

In addition, in 2001 there were more than a million rabbits, and almost a million hamsters and guinea pigs. That’s a lot of pets, without taking account of the millions of lizards, snakes and rodents. It’s almost inevitable that a pet will become ill at some time, and vets’ bills can be costly. That’s why it’s a good idea to get pet insurance.

What Is Covered?

So, what does pet insurance cover? Well, it depends on the policy. However, these are some of the areas that pet insurance policies commonly cover. One of the most important is vets’ bills. If your pet needs tests or an operation or has to stay in hospital for several days, most of these expenses will be covered by the right pet insurance policy. Some of the medication may be covered as well. However, if your pet has a condition that predates the start of the policy, this may not be covered. That’s why many people get insurance when their pets are young and healthy. It usually pays off in the long run.

Pet insurance may also pay out in case your pet has an accident or injures somebody. Look out for third party liability or accidental damage as part of your pet insurance policy. If you need to go on holiday, but suddenly have to cancel because of circumstances affecting your pet, then this too may be covered by a suitable policy. Some policies even cover the cost of sending your pet to a boarding kennel, cattery or other pet care facility.

One of a pet owner’s worst nightmares is that a pet may wander off and become lost or that someone might steal a pet. This can be covered by a pet insurance policy, which can also make provision for the cost of advertising your loss and offering a reward for your pet’s return. Finally, you may also get death benefit when your pet passes away, in a similar way to a life insurance policy.

Cover your dog against accident, illness and death

Unexpected vets fees for accidents or illness can be crippling. The average cost of veterinary care in the UK for Dogs is estimated to be £300 per year, with 1 in 26 people spending over £1000 per year on their dog. Make sure you are fully protected and covered when it comes to your dog, so you have no nasty surprises after their treatment.

Dog Insurance is a simple and cost effective way to protect and safeguard your dog from any accidents, injuries, straying, theft or even death. If your dog has an accident or becomes ill the last thing on your mind will be the cost; make sure you are fully insured against vets bill and other costs. With one in three pets needing veterinary attention in their lifetime, can you afford not to have your dog insured?

Dog Insurance works in much the same way as health and life insurance for humans. Each month or year you pay the Insurance provider a premium for the cover and you receive an insurance certificate for your dog. If you dog falls ill or becomes injured you can take your dog straight to the vet for treatment. Assuming your policy covers you for the treatment received then the Insurer will pay out to either the Vet directly or yourself (to pay the vet) after you make a claim.

There are lots of different dog insurance policies on the market and it is important to make sure that you get the right one to suit your dog and your lifestyle. Policies vary the amount and type of things they cover so it is always very important to check out the insurer first before taking out a plan. Some policies and premiums are dependent on the age of the dog, its sex, its breed and even its pedigree. All insurers will look at each dog differently, making sure you get the right cover for your pet.

What is covered?

Accidental Injury ?

Dogs are inquisitive and playful creatures so you must always remember there is a good chance that they may become injured accidentally. Make sure your policy covers accidental injury and the payout for the treatment is realistic to your breed of dog.

Injury to someone else?

It can happen, Dogs can sometimes cause injury to other people, other pets and other animals either directly or indirectly. Make sure that your policy covers third party damage and injury so that you are covered just in case. Also look out to see if your policy covers 3rd Party legal cover, as if a case goes to court you don’t want the added expense of legal fees.

Gone Missing?

Many insurers understand how important a pet is to the family and understand how devastating it can be if you beloved part of the family goes missing. Many insurers now offer the option so that if your pet does do a disappearing act they will cover the costs of “missing posters”, “rewards” and other general advertising to get your pet back home quickly.


Any dog, like any human can become ill at anytime of their life, and sometimes more than once. It is very important to check how much your insurer will cover you for illness if your dog becomes unwell. It is also worth investigating if your policy limits you to a certain claimable value or number of claims per year or lifetime of your dog. Veterinary bills for ills can be very expensive so make sure you get the biggest cover you can afford.

Every policy is different and cost of each all vary. It is very important to think about what type of cover you want and what you can afford. It is also important to remember that is better to get dog insurance sooner rather than later, as unexpected accidents and illness will happen when you least expect or even worse still, least afford them to happen!

Think about what your dog is like, are they likely to get inured or ill? What is the breed like as it grows older, are they susceptible to illnesses as they mature? Do your research on your dog and make sure you choose a policy right for your circumstances.

Policy Choice Checklist


Make sure you can afford the monthly payments, a missed month normally means that policy becomes void and the insurer or other insurers may be unwilling to re-insure your dog.

Suitable cover

Does the policy cover what you need for your dog? Price and affordability is important but it is just as important to make sure the have the right cover for your dog.


Check your policy to see if the insurer requires you to pay any excesses on any claims (an excess is the amount of the claim that you must pay yourself first before the insurer pays the balance – this is to deter from people making continual small claims).

What wont they treat?

It is important to check to see if there is anything that the insurer will not cover. Check to see if there are any treatments or illnesses for your dog that they will not insure for. Better to know now, rather than later!


Taking your pets abroad is now becoming more and more common, but does your insurance cover your dog whilst they are in another country? The last thing you want on your holidays is the added expense of foreign bills, especially if you have adequate UK cover. Check that your insurer will insure you and your dog when you travel abroad.

Claim limitations?

It is always worth investigating how often you can claim. Some dogs can develop problems or long term injuries that may need a lot of treatment. Check to see how often, how much and for how long you can make claims for.


Home Insurance Mis-Selling – Could You Be Caught In the Crossfire

The payment protection insurance scandal of mis-selling has hit the UK market hard — but new reports indicate that the worst isn’t quite over yet. Indeed, the UK market might be in for another scandal of insurance, this time in the home insurance filed. The idea of having home protection insurance to cover unemployment, sickness, and even death isn’t new. A lot of insurance companies have been offering that type of insurance cover for a very long time. However, some people are concerned that if one area of insurance is compromised, doesn’t that mean all of them could be compromised? It’s a subject that chills many, given how much home insurance premiums are.

There’s no true cause for panic just yet, but if you’re trying to stay ahead on the issues, there are a few things that you might want to do.

First and foremost, you will want to make sure that you are contacting your insurance company directly. Phone is good, but what you will really want to do is make sure that you write a solid letter outlining your need to know your policy is sound. If you do not qualify for the home insurance in the first place and it was sold to you anyway, then you have grounds for mis-selling. If you felt that the terms weren’t explained to you properly, then you might have a case there as well. If you are just buying a home, make sure that you slow the sales agent down enough to have these things explained to you. Far too often the excitement of getting a new property means that we don’t always check into everything the way that we’re actually supposed to do so. That’s going to make things very difficult for you in the long term, when you really have to ensure that everything is in its proper place. You really don’t want to find yourself stressed out about all of the details, do you?

From here, you will definitely want to contact a solicitor if you find that you really are the victim of mis-selling. This is a step that should be taken only after you have done all of the possible research in the world. When a solicitor is involved, it can make things very, very difficult in the long run. Insurance companies know that they really have to come at you in a different way, and often it’s going to be a much more aggressive way. Keep up your guard, do your research, and make sure that you stand your ground if you have a valid case. Your solicitor should also be able to give you sound legal advice that’s more specific to your situation.

Overall, it might sound like this is all a big nothing, or it could actually be the biggest scandal since the PPI debacle first broke out. All homeowners in the UK can do is to stay vigilant and make sure that they truly understand the financial products they are offered — including home insurance!

Does Boiler Insurance Really Make Sense – We Give You the Scoop!

Boiler insurance is one of those expenses that sounds like it’s a good deal. However, is it really? Not always. You will want to really explore your policy choices from the inside out.

The reason why boiler insurance might not be a good deal is because you may still have to wait a long time to get the boiler fixed. Your family is still going to be dealing with the cold, and there might be an excess payment that you have to pay in order to even gave the insurance kick in. if the excess is going to be just as high as hiring a plumber on your own, then what would be the point of the cover?

Some critics argue that it’s worth it because if your boiler does stop working, you’re going to have the cover to catch you when you’re at your weakest point — which is the whole point of insurance cover in the first place!

Again, it’s all about the quality of the policy and what exclusions it has. You might only be covered up to a certain cost, or for the first few hours of labor. If you have an older boiler your insurer may not even offer you cover in the first place.

Standard policies cover parts and labors, unlimited cover and climes through the entire year — even if it’s not winter. In addition, you will also have the repair itself taken care of along with inspections every year to make sure that everything is running smoothly. You can also upgrade your insurance by looking into cover that touches upon your entire central heating system, not just the boiler. The radiator and pipes could go out as well, costing you a lot more money.

Another reason why some are wondering if boiler insurance is worth it is because your home insurance policy may already cover the boiler going out. You just need to make sure that you’re giving your home insurance policy a good look. If you find that you already have cover, then it would be like double coverage without really any more protection than you would already have.

If you have a new boiler, then boiler insurance will be sort of a moot point, because the boiler isn’t in the danger zone of breaking down. However, if you have an older boiler it might not be a bad idea to get your cover squared away.

Proper maintenance is the key to making sure that your boiler is going to run properly all through the winter when you need it most. Don’t skip on the service company’s fees either — you want to make sure that you’re working with a company that is Gas Safe registered. Gas Safe is the new authority for gas safety in the UK, and all plumbers that have registered are committed to the highest levels of service possible.

Now is the time to take action — look through the details of your own solution and then make a decision based on what you need. That’s the way to go, always!