Most of us have probably got quite a few insurance policies for all sorts of different things.
According to a Gocompare.com study, 56 per cent of adults skip details when buying items such as electrical items and mobile phones, therefore Britons pay million of pounds every year. As a result of failing the small prints, Britain is losing out on •£130 million a year.
"It's certainly important to read the small print when purchasing goods, especially for something like insurance where an oversight can leave you in a very difficult and stressful situation should things go wrong," said Hayley Parsons, Gocompare.com's Managing Director.
When you book your flight or cruise or a package holiday, the travel agent invariably offers you travel insurance.
How many people actually bother to read the small print? Not many!
As always, you should read the small print.
What is the accident cover?
What is the medical cover?
Does it include emergency transportation back to your country in case you need specific, emergency treatment?
What is the cover for valuables and cash?
What is the third party/public liability cover?
What important exclusions are provided - that means you can't claim under those circumstances?
What is the excess limit? You pay for the initial amount specified.
Does the travel insurance company provide emergency telephone support?
What are the claim procedures - do you need to make a claim within a specified time?
Such questions may seem unimportant. The big problem arises when you need to make a claim on your insurance policy - and you find out at that stage that you are either not covered or that you are inadequately covered.
Insurance can be a frustrating business if you aren't aware of some basic issues. You should read the small print carefully when booking your policy and ask for clarification if you need it.
All insurance policies contain a list of circumstance where the policy would be invalid known as exclusions. You should make sure you read the small print carefully; does the policy actually offer the cover you want?
According to a new report from MPs, there should be tougher rules on travel insurance policy, as exclusions are often hidden in the small print.
Each year the insurance policy will need to be renewed. Before doing so you should make sure that the policy still meets your needs by reading the small print again.
Listed below are more articles related to the above article from the "Insurance" article category.
People interested in the above article "UK Consumers Should Read Small Prints" are also interested in the related articles listed below:
Accidents at work cannot be avoided no matter how much effort is made to avoid them. Companies that take the proper safety precautions to protect workers reduce the risk of potential problems. When accidents happen, accident claims can be submitted by workers looking for a way to get compensation for an injury. This article will discuss the potential accidents that may happen at work and how companies should properly prepare.
Payment Protection Insurance, commonly abbreviated as PPI, is an insurance coverage package, meant to cover outstanding loans, overdrafts and other forms of debt. This insurance cover is usually an add-on product that is included in the final computation of overdrafts and loans. The primary purpose of this product is to protect the borrower, from circumstances that are beyond their control, which may prevent them from servicing their debt. Such circumstances include loss of employment, ailments, accidents, or death.
Personal injury claims are usually made by people that have been injured in an accident. Accidents can happen in many places but the common one that people suffer from are usually at work or when driving. Potential problems are always waiting to happen, especially when we drive. There are a number of possible crash situations that we should always be aware of. This article will discuss the different causes of road accidents.
Insurance is a threat management technique. Auto insurance also called as vehicle insurance. The main purpose is to protect against financial protection against physical damage or bodily injuries which results from collisions. A personal accident insurance policy is an insurance contract that covers risk arising from accidents, be it at home, or outside. By investing in Accident Insurance, you can protect your family and yourself from the financial concerns such as loss of income and medical expenses that unforeseen accidents lead to. It is contracts that arise from accidents at home or at road. When investing in this plan anyone can protect his or family from the losses or medical expenses.
Landlords have to cope with a lot more than other property owners. Since they are responsible for the upkeep of their property, they share the fears of something going wrong that their own tenants do. But a specially designed insurance policy provides better cover. This article looks at the let property insurance policy and how it offers landlords the protection that they need.
The bereavement of one of the main participants in a wedding can cause a serious problem and even enforced cancellation. However unthinkable this may seem, you would be well advised to take out some form of wedding insurance to cover this eventuality.
Wedding insurance can protect you financially in case your wedding photos cannot be printed. Wedding photos are perhaps the most important memory you will have from your wedding day, so it is essential that your wedding photographs are protected by wedding insurance. Your wedding photographer may not be able to print your wedding photographs if the film, negatives or digital media used becomes damaged or lost. Whilst any reputable photographer should make back up copies of the photographs he or she takes at your wedding, you may find that you're unlucky enough to lose your precious wedding photographs.
