When UK consumers set out to buy insurance, the types and options available can often be confusing. Here’s brief run-down from our experts on some of the varieties of insurances available in the British Isles.
Insurance for Your Home
It’s essential that any insurance companies you contract with have a thorough understanding of your individual requirements. Insurance agents also should be able to provide complete and affordable coverage for the total value of your property and contents. Although many people seek general insurance for their homes, very often they neglect to purchase the correct amount of home contents insurance. It’s also important that your insurance coverage reflect the degree of risk (if any) you’re willing to take, since this will directly affect the premium you pay.
Although you may have adequate insurance for your home, you may want to consider purchasing separate policies for specific items like jewellery, coin collections, fine art and antiques. Your insurance broker is a valuable asset in this case, since he or she can obtain this particular coverage from companies who specialize in providing it, such as art insurance or antiques insurance. You should also know that this specialist home insurance can be expanded to protect your possessions anywhere in the world.
Types of Insurance to Include in Your Portfolio
In addition to general and specialist worldwide insurance coverage, there are several other types of insurance quotes you may want to obtain when setting up your coverage, such as coverage for outdoor items, credit cards and family travel. Depending on your situation, you may need an insurance policy to cover liability issues related to domestic staff. If you’re running a home-based business, be sure to insure any items related to the business, such as computers and office equipment.
If you have pets, you already know how veterinarian bills can mount up. Why not consider insurance for this valued member of your family? Some companies offer multiple-pet discounts and since coverage is generally “per condition,” there’s no limit on how many claims you can make for treatment of a specific recurring condition.
As you can see, insurance in the UK goes far beyond the typical car insurance or life insurance. To be sure all aspects of your situation are protected, be sure to contact us at your earliest convenience.