Are you Sure you’re Insured?!

“Price is what you pay, value is what you get” –  Warren Buffet

Insurance Stock photos by Vecteezy

When you go on holiday, how do you know you are protected against any unforeseen circumstances? Similarly, what about if your home gets broken into, and your valuable possessions stolen? That’s where insurance comes in, and we will breakdown the numerous types of insurance you can have below…

Car Insurance:

• When you pass your driving test and get your first car, it is a legal requirement that you are insured to drive it. You pay what’s known as a premium, so that you are protected against any damage to your car. This helps pay claims for fear that you damage someone else’s car, not to mention coming to the rescue if your car gets stolen or vandalised.

Life Insurance:

• Although not essential, this pays out to a family member in the event that someone dies unexpectedly. A report from the Financial Times found that 48% of adults between 18-40 do not have life insurance, furthermore this number falls to just 35% in the UK.

Home Insurance:

• By and large, this protects against any unfortunate events including house fires, damage from storms, and break-ins. House insurance is split into building (protects structure of your house) and content (covers things INSIDE your house).

Travel Insurance:

• In general, this tends to be pretty cheap to take out,  in fact it can cost as little as £10 a trip! It ensures that when you’re on your summer holidays, you and your family are protected against any surprise events, for example lost baggage, cancelled flights or any medical emergencies.