One of the insurers quoted said that household claims caused by adverse weather had doubled in the past three years. Perhaps this is not so surprising given the last couple of winters. Many of the claims relate to roof damage so it makes sense to make sure that your roof covering is in good condition. Other items that can easily be damaged by storms are garage and shed doors and gates so make sure they are securely fastened.
Otto Thoresen, Director General of the ABI, has responded to the OFTs (Office of Fair Trading) call for evidence into the cost of motor insurance.
Thoresen stated that a new opportunity was presented for the industry to explain the cost pressures motor insurers are faced with, how these can be reduced and how to ensure customers get the best possible deal.
He went on to attribute rising claims costs to personal injury claims and excessive legal costs, fraud, uninsured drivers and low return on investments.
Thoresen added the surprising statistic that the motor insurance sector had not been profitable in the last 16 years.
The OFTs call for evidence follows suggestions that comprehensive car insurance premiums have been hiked by as much as 40% in one year.
In response to this the OFT has sought evidence to assess the situation and, if necessary, to amend and improve the way the market operates.
If you are organising a well-deserved works party this Christmas HFM Accountants have summarised the current tax reliefs available:
The cost of a staff party or other annual entertainment is allowed as a deduction for tax purposes. Also as long as the criteria below are followed, there will be no taxable benefit charged to employees:
There are eight basic types of homeowner’s insurance policies. If you own an old house, particularly one that has been restored and preserved, then you need to shop specifically for an HO8 policy. This is a modified policy specifically designed for houses that cost more to repair or replace than they are considered to be worth.
Most of the time, if your house burns down, your insurance company will pay you the market value of the house. Basically, they buy it from you. It’s the same as with car insurance. If you’re in an accident and just get a dented fender, then your insurance will pay for the repairs. If your car is totaled, though, it becomes more cost effective to pay the worth of the car than to attempt to restore it. When Read full article…
Admiral claims the launch of Aviva’s MultiCar product is a compliment to its own MultiCar deal.
Admiral MultiCar enables households with two or more cars to cover them on the same policy at a discounted rate. These policies can hold up to five cars from any single household.
Sue Longthorn, Admiral managing director, commented: We take the launch of Aviva MultiCar as a compliment; after all, imitation is the highest form of flattery.
Admiral MultiCar means you can deal with one insurance provider, so less phoning round, fewer dates to remember and less to worry about.
On top of this, it also means less money to pay out on car insurance. T
Seeing the current scenario of car insurance industry where premiums are on rise, every potential customer is trying to figure out ways to save some pounds on the insurance cost. Lately, it has been found that joining a crash course for driving might help you in getting discounts on the quotes offered by the insurance providers.
One of the major deciding factors of the auto insurance policy is the driving record of the motorist. If you follow safe driving habits and make less accident claims, this will gain the trust of the insurers making them offer quotes at reduced prices.
The driving crash courses are designed to help motorists to adapt safe driving measures and have a clean record.
It’s a dark and foggy night, rife with mischief and mystery. You, your trusty Great Dane (no, not Shakespeare’s existentially distraught one), and your 3 best friends are wandering the cobwebbed halls of a reputedly haunted castle. Inevitably, as you round a particularly dark and spooky corner, a ghost materializes from behind the walls.
You clutch Scooby-Doo in fear and begin to scram, but your brainy friend Velma stops you with her usual spiel: “Wait, there’s a logical explanation for this.” And since Fred and Daphne are onboard too, you (reluctantly) find yourself on the tracks of yet another mystery.
In trying to solve the riddle of the infamous phantom, you find yourself on a high-speed chase in the Mystery Machine. But as yo
In a recent LIMRA survey of Americans not yet retired, 40% said they currently save no money each month toward retirement.
The LIMRA research indicates that fewer future retirees will have pensions to pay for their living expenses and more will be relying on their personal savings to fund their retirement. Without a significant change in savings behavior, many Americans will not have enough money to afford to retire.
The survey also found that 19% of adults not yet retired typically save less than $100 a month, while 27% save $100 to $499 a month.