Insurance

British motorists thinking about driving their cars whilst abroad on holiday should exercise extreme caution before hitting the road.

Such is the advice given by Sainsbury’s Car Insurance which states that unless drivers take steps to ensure that they have adequate insurance cover before leaving to go on a foreign driving holiday then they could be faced with costly repair bills. According to the company, just under a fifth (17 per cent) of people are planning on driving their car abroad during the next 12 months. Overall, France was shown as being the most popular destination for a foreign driving break, with some 4.58 million drivers looking to take their vehicles to the European country over the next year. Meantime, 1.89 million are set to visit Ireland, with 1.7 million going on a road trip to Germany. Spain, Italy and Belgium were also shown to be sought-after locations for drivers.

Additionally, it appears that people are planning a comprehensive journey, with about half of all those travelling abroad predicting they will cover more than 1,000 miles driving while away, meanwhile 19 per cent are predicting to drive between 501 and 1,000 miles.

However, before driving off to hit the road for Paris, Rome, Berlin or any other European destination, Sainsbury’s Car Insurance not only urged drivers to get fully comprehensive car insurance but also to get in contact with their provider to advise them of their intentions to go away prior to their departure. It would appear that although many insurers provide cover for driving on the continent, policyholders are required to notify them that they are going to do this. If this is not done, Sainsbury’s reported motorists would likely see their cover reduced to only incorporate third party, fire and theft.

For those holidaymakers who do not have an adequate policy while on their trip abroad it may be possible they have to raid their own finances in order to fund the cost of repairs to their vehicle following a breakdown, accident or theft. This could well impact on their ability to manage loans, credit cards and mortgage repayments upon their return to Britain.

In order to reduce the chances of getting into difficulties while away, the company advised motorists to plan their route carefully and to check the motoring legislation for the countries that they will be driving through. Additionally, checking tyre pressure and brake fluid levels before departing was also recommended.

Joanne Mallon, car insurance manager for Sainsbury’s, reported: “When going on holiday, most people will remember to take travel insurance but we are concerned that some motorists are overlooking the need to ensure that their car journey is fully covered. Having an accident anywhere is bad enough but when abroad it can be compounded by a lack of local knowledge; to then find that the other party’s damage is covered, but not your own, is surely a blow worth avoiding.”

Those consumers looking for an efficient way to finance a holiday may discover that obtaining a personal loans is recommended. And for those wishing to buy a car to take to the road for an adventure on the continent, a cheap loan may not only help with purchasing a vehicle but also to get a comprehensive insurance policy. Borrowing for the means of getting a car could also be recommended, as a recent Experian study showed 20 per cent of males would go in to the red in order to get a car.

Tags: Mortgage Protection, Pet Insurance, Insurance, Car Insurance, Home Insurance

Bookmark to:

Life insurance is not one of the most polite topics which are discussed over dinner table or parties. Humans today undermine the importance of this policy in their lives. The prime question that every human needs to ask themselves is why they should choose life insurance in the first place. The answer simply lies in love he shares with everything he adores in his life. For me it is surely the love of my spouse, my children and their well being is the first priority in my life.

There are a number of different types of policy which you can find in the market today. The main thing to be aware of is that life insurance is essentially an agreement that will pay out in the event of death. It is a financial agreement. If you are the primary earner in the family then life insurance cover can be arranged to replace your salary in the event of your death. It may also be a consideration for if you currently pay for your child’s education. Coverage can include school or university fees so that if you were to pass away the person that depends on your contribution to their education will not have to suffer. It is terrible to think that you might leave debts behind.

Life insurance in general pays out a lump sum in the event of a policyholder expires. Even though this is a general explanation there are several different varieties. A level term policy pays out an agreed figure in the event of the policy holder’s death. This figure does not change throughout the term of the policy. In case of a decreasing life agreement the payout sum decreases over time. It is frequently calculated to match with mortgage payments so that they are covered in the event of a death. These mortgage payments decrease over time as they are paid off over the insured’s lifetime.

The world best way to protect and secure you and your family’s future from financial burdens which can result due to the death of a family member is by purchasing a life insurance policy. You can find many different types of insurance policies, among them term life insurance policy proves to be the most beneficial one for you and family. This not only provides you with security when you need it most, but it is time and again the most affordable option for families on a budget. No one forever wants to plan for the sudden death of a loved one, doing so can make sure a financial burden doesn’t remain after their gone.

Doing some research will help you to take a wise decision by taking the correct insurance which suits your needs and requirements. As you can also find one two fake insurance company which run only to collect money and fool people. So go for that insurance company which has all the regulatory approvals to operate as an insurance company. As without having a clean policy, you might as well have no policy. So, it’s always a worthwhile decision to invest your hard earned money in buying any insurance policy.

Tags: Car Insurance, Pet Insurance, Home Insurance, Insurance, Life Insurance

Bookmark to: