Big Insurance SiteFilled with industry news, information and tips on how you can get cheaper insurance. With information on insurance wordings and insurance policies explained. The insurance industry is constantly evolving; new laws are brought in, new cover requirements are needed by policyholders and new products are launched by insurers.
As insurance is such a competitive industry insurers are always looking at ways to get more business, this can be done by launching new products or by slashing premiums to increase their book of business. As a policyholder you need to be aware of what is happening within the industry so you can ensure you are getting the best deal as well as the right cover. There are many different types of insurance, aimed to cover many different things. The aim of insurance is to put you back into the position you were in before the loss, a good example of this is in Motor Insurance where if you have an accident your insurer will pay for your car to be repaired therefore putting you back in the same position you were in before the accident this is called "indemnity". On the other hand some insurance policies will put you in a better position than you were in before the insured incident took place, for example this is seen in Buildings and Contents Insurance where it works on a "new for old" basis, basically they will replace your old item with a new item. The reason for this is that there is normally difficulty in replacing lost items, damaged or stolen items with an equivalent and therefore it is a lot more difficult to offer a fair settlement. It it is therefore more cost effective for the insurer to replace the item on a new for old basis. With in this site we look at amost every type of insurance policy and break the policy down so that you know what you are looking for, therefore within this site you will find: Motor InsuranceMotor Insurance is a compulsory EU requirement for anyone who wants to drive on the public highway, however although it is needed not many people know exactly what is needed and what else may be included with in their policy, therefore our sections for Motor Insurance are: How can I get cheap car insurance, Multi Vehicle Insurance, Cheap car insurance for convicted drivers, Pay as you drive insurance and Fronting. Buildings and Contents InsuranceAgain Buildings and Contents Insurance (also known as Home Insurance), although not compulsory, is a policy many people will require when they have their own home or even when they are a student living away from home (Student Contents Insurance). However the cover within Buildings and Contents Insurance can vary widely and the current fixation on price is not always a sensible thing to do. We therefore look at what covers you can expect to find within a Buildings and Contents Insurance policy and also look at specific Jewellery Insurance. Accident adviceAlthough this is technically linked to motor insurance, due to how important this advice can be we decided it needed it's own section. As well as Accident advice we also have a Personal Injury Calculator and a section on Symptoms of whiplash. Commercial InsuranceFor anyone running a business Commercial Insurance is extremely important, we therefore look at Commercial Insurance overall and also individual policies which you may require, such as Property insurance Insurance NewsThe name is pretty self-explanatory, we look at what is happening within the insurance industry. Some recent news however is OFT to investigate premiums, Telematics encourage safer driving, Judge Criticised Royal and Sun Alliance (RSA) Claims Costs, Car insurance doubled? Want to know where the money goes? Here's the shocking truth of how drivers are being taken for a ride, Insurers win fictitious car crash case & Keoghs index finds nine new motor fraud black-spots
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