Explanation of Insurance
This product covers your home and contents against a flood, fire, flood or break-in for example, or if
your pipes burst. Your home insurance policy has to include those just covering the contents of your
home, those just covering the actual building you live in, or joint policies, covering both.
Finding the right policy and the cheapest car insurance cover can be a tricky process; drivers use the
Internet, by telephone, read magazines, watch TV advertisement to get information on savings and
offers on car insurance.
Owning and driving a car means taking on many risks to yourself and others. When a traffic accident
happens, damage, injuries, loss or all of these factors may be inflicted upon you and others. Damage and
loss of your property may also occur. Fire, theft, vandalism and natural disasters are other possible risks.
Car Insurance protects motorists and drivers against liability in the event of accidents they may cause. It
can also provide cover for the motorist's own vehicle.
Many different types of cover are available, ranging from third party cover which protects individuals
against liability should they injure a third party or cause damage to a third party's property, but does not
provide any cover for the individual's own vehicle or property, through to comprehensive cover, which
can offer protection for accidental damage, theft, fire damage as well as liability towards third parties.
The minimum legal requirement for car insurance to drive in the UK is Third Party Only.
Here are 5 steps to follow to find the cheapest motor insurance deal:
STEP ONE: EXCESS
Voluntary excess the easiest way to cut your insurance premiums is to accept a higher voluntary excess.
An insurer's standard excess may be £100; but if you meet the first £250 of any claim, you'll see a
reduction in your premium. This is simply because you are more of the risk so you get a discount by
your insurance company. This however is a gamble, insurer sh