Posted: February 9th, 2017 | Author: George | Filed under: Caravan Insurance | Tags: touring caravan insurance
If you are looking out for touring caravan insurance then you may be keen to find a product that makes sense for you both in terms of the cover provided but also, importantly, in terms of price.
There are, however, a number of ways you may be able to influence the price of your touring caravan insurance premium without necessarily increasing levels of risk.
From an insurance point of view anything that helps reduce risk may help towards keeping premium prices just that little bit lower.
Some possible examples might include the following.
- limit the number of insured drivers for your tourer and try to avoid letting younger drivers tow your caravan;
- try to be as accurate as possible in estimating non-UK driving – don’t pay for cover you don’t actually need;
- fit approved alarms and tracking devices – these steps can help reduce the risks of your caravan being stolen or may help make it easier to find again;
- join a caravan club – this is typically regarded as a sign of a serious and responsible caravanner. These clubs are also useful repositories of tips and information which can be shared and which may help avoid people making the same mistakes twice.
Also, insurers are keen to reduce risk to your caravan since this should result in fewer claims for them. You may therefore find that some policies may require certain security measures to be taken, such as the use of hitchlocks and wheel clamps if your caravan is left unattended.
Keeping your tourer as safe and risk free as possible may be your number one priority and you may not be keen to skimp on your touring caravan insurance. You may find though that there are some discounts around – if you know where to look!
Posted: February 9th, 2017 | Author: George | Filed under: Caravan Insurance | Tags: Caravan Insurance, Static Caravan Insurance
If your static caravan insurance is coming up for renewal, then finding the most appropriate cover may, understandably, be fairly high on your priority list.
Matching available policies against your requirements may be an obvious place to start but it may be worth remembering that different policies may also carry terms and conditions that may or may not suit you – and that discounts may be available in some situations.
These could include things like:
• belonging to a recognised caravan club may be seen by some static caravan insurance providers, as a sign that you are a mature and responsible caravanner and therefore perhaps more likely to stay claim free – discounted premiums may be available;
• one of the highest risk factors for static caravans is flooding, so if you opt to locate your static on a flood free site, you may find that premiums may be a bit lower to reflect your use of a safer location;
• if your static is damaged beyond the point where it makes sense to repair it then you may typically find that, provided it is under a certain age it can be replaced by a new caravan of the same make and model (provided you have the original purchase receipt). Insurance cover for older statics may typically operate on a market value replacement basis. Different policies may use a different age thresholds;
• your site owner may try and give the impression that you are somehow obliged to purchase your static caravan insurance cover from them. While they may understandably need to see proof of your cover (particularly of public liability) typically they have no right to dictate where and from whom your buy it. You may find that even if they charge an administration fee to process your own insurance, your privately sourced static caravan insurance policy may still work out to be more cost effective.
Posted: January 30th, 2014 | Author: George | Filed under: Auto Insurance
If you are a habitual traffic offender, get a DUI or otherwise present a high-risk as a driver, you may very well have to obtain SR22 car insurance. SR22 insurance is not actually an insurance policy, but rather, a document that is filed with the Department of Motor Vehicles that shows you do have car insurance.
There are many misconceptions about what SR22 auto insurance is and what it is not. You may see television commercials promising cheap SR22 insurance and they can be misleading. Following are 5 myths surrounding SR22 car insurance that simply are not true.
1. SR22 insurance replaces auto insurance
Many people believe that SR22 insurance is auto insurance. It is not. An SR22 is an endorsement on an automobile insurance policy. It is official notification to the Department of Motor Vehicles that you are acting in a financially responsible way by having a current auto insurance policy that meets the minimum insurance guidelines for your state.
2. Finding affordable SR22 insurance is nearly impossible
While it is true that most people who are required to carry SR22 auto insurance have committed certain violations and acts that make them a high-risk, that does not necessarily mean that you will have to pay a fortune for car insurance.
Because you are in a high-risk group and not a preferred group, your insurance costs will be higher. However, there are many insurance companies that focus on insuring drivers with poor driving records. If you shop around, you can usually find some affordable SR22 insurance.
In addition, the amount and type of auto insurance you are required to carry by law does not change. If you cut back to the state mandatory liability minimums, you could get basic coverage at a reasonable rate.
3. You do not need to get an SR22 form from your insurance company
Some people believe that they can go out and get an SR22 form from one insurance company and then buy their insurance from another. That is against the law because you can not have insurance on the same car from two companies at the same time.
If you have SR22 car insurance from one carrier and then decide to go with another insurance company, you can not just bring along your SR22 document and use it to get new insurance. The company that issues you auto insurance must also be the company that files the SR22 document.
4. You have to make monthly payments.
This is blatantly false. There is a small one-time fee for filing an SR22 form. You may want to make monthly payments on your auto policy, but that has nothing to do with the fact that you needed an SR22.
5. An SR22 insurance policy protects you from losing your driving privileges
People get confused by thinking that since you may need an SR22 to reinstate your driving privileges, that once you have it, you can not lose your driving privileges. If you commit serious violations while you have SR22 auto insurance, the Department of Motor Vehicles can still suspend or revoke your driver’s license.
While having to get SR22 insurance is never a good thing, it is not forever. If you find yourself in such a situation where you need this endorsement, you can still find cheap SR22 insurance. If you straighten up your act, maintain an excellent driving record and pay your auto insurance premiums on time, in a few years, you will probably be able to get auto insurance without needing an SR 22 form.
Written by Steve Whiley, a blogger in the auto industry and a writer for American Auto Insurance.
Posted: December 6th, 2013 | Author: George | Filed under: Commercial Insurance
The roads are jam packed with vans and lorries – and almost every vehicle needs some kind of haulage insurance.
Haulage insurance is very much a pick and mix product as policies are tailored to the need of each business.
A sole trader white van man needs much different cover from a fleet of 44 ton lorries shifting loads around Europe.
That’s why one of the first steps in choosing the right haulage insurance is often speaking to a specialist broker.
Not only do haulage contractors have to consider general business insurance, like public and employer liability, buildings cover and vehicle protection, but they have to think about other specific needs as well.
Goods in transit cover is paramount for any haulage business shifting loads for customers, as vehicles are protected if they are involved in an accident or stolen, but often the loads are not – and their value can soon outstrip the cost of a vehicle.
Haulage insurance also has to cover needs like service vehicles, replacement vehicles and theft of fuel.
Even who drives is important, as any driver versus named driver insurance needs to be thought through to keep costs down.
For haulage insurance cover for vehicles travelling around Europe, the different policy requirements in each country passed through have to be considered, not just the rules in the UK and the destination country.
With all these points to keep in mind, calling on the services of a professional broker experienced in commercial vehicles and haulage can take away a lot of the time and stress involved in putting together a batch of suitable quotes.
Discussing whether some expensive add-ons are really necessary in a bid to keep costs down is also something a skilled broker can help with.
Cover might not come cheap, but the important factor for any haulage business is keeping vehicles on the road and earning money.
Posted: November 4th, 2013 | Author: George | Filed under: Commercial Insurance
The right bakery insurance needs some icing on the cake to cover all aspects of the business.
Two key factors are quickly repairing or replacing ovens that break down and making sure that deliveries are maintained so stock that can quickly deteriorate gets out to customers.
Bakery insurance covers other areas that are common to other businesses – liability, business interruption, vehicles, buildings and contents.
Bakers need public liability cover for any legal expenses or compensation relating to incidents leading to the sickness or injury to clients and any visitors to the premises.
Any business dealing with fresh foodstuffs is susceptible to this kind of complaint that can affect finances as well as reputation.
As most bakeries employee staff to make and deliver products, they need employer liability insurance by law.
This extends the same cover as public liability insurance to employees.
Read more about bakery liability cover
Business interruption safeguards profits when an office cannot open for business – for instance, after a fire, flood or a break-in.
Read more about bakery business interruption cover
Bakery owners should take out this cover, but if the bakery is in rented premises the landlord should have their own policy.
Add-ons to standard buildings cover can include:
• Property owner liability – Extra protection if a passer-by is injured due to an issue with the bakery – like a slates or signage falling on them
Read more about bakery buildings insurance
Bakers also need offices, raw materials and administrators. Contents insurance covers stock, computers, business records, machinery and equipment the bakery needs to operate.
Add-ons to standard contents insurance can include:
• Money cover – Compensation for stolen cash, gift tokens, stamps, cheques or postal orders
• Stolen key replacement – Pays for new locks and keys to secure the office from burglars
Bakeries with delivery vehicles should not only have van or lorry insurance, but goods-in-transit cover that replaces the cost of any stock or raw materials damaged in transit
Posted: October 31st, 2013 | Author: George | Filed under: Home Insurance
No-claims discounts are commonly associated with cars and few people realise that they can apply to many different types of insurance policies, including home insurance.
In much the same way as you wouldn’t make a claim for a minor mishap with your car that might cost around £30 to fix, it makes sense to not claim on home insurance for incidental things since the more claims you make, the higher your premiums will be.
Your claim history is not affected by the amount of claim you make in monetary terms but by how many times you claim and depending on the insurance company that you use, these claims can remain on your claims history for up to 5 years.
It makes sense to check out the availability of no-claims discounts on premiums and the savings you could make – it could be as much as 30 per cent!
When not to claim on your home insurance
You may feel that it’s a contradiction in terms to be paying insurance premiums and not claim when, for example, you accidentally drop your phone in the bath. But since there is usually a compulsory excess on most home insurance policies representing the amount you will have to pay toward the cost of replacement or repairs, it’s worth looking at it from a different point of view.
If you view your home insurance policy as security against theft, loss or damage of the most expensive things you own and don’t claim for those items that are relatively inexpensive to replace or repair, you can obtain significant savings on your home insurance premiums. For example, if the excess is £100 is it really worth compromising your no claims history by making a claim for your damaged mobile phone?
Choosing the right insurance company
Choosing the right insurance company for your needs might seem easy given the advent of so many insurance comparison sites but you could spend a lot of time online, especially if you visit all of them. You will be able to enter details of what you want your home insurance to cover and then you will be presented with a number of quotes.
You then need to read all the small print to ensure that what you are being offered actually meets your criteria. Be prepared to spend several hours doing this because the cheapest is not always the best!
While we live in a technology-driven society, sometimes it is nice to talk to a real human being – especially when the FAQs on a website don’t address your specific issues. At Co-operative home insurance we are happy to take your call at any time to talk about your home insurance requirements.