InsuranceGeneral general types of insurance only pays when an insured event occurs. It includes: home (content and / or buildings) car insurancetravel insuranceprivate insurancepet insuranceaccident medical, sickness or unemployment insurance to protect your income payments, mortgage or loan (also called “Payment Protection Insurance”) against serious diseases insurancelong insurance long term care
How to look around in general insuranceWith so many insurance companies to bring to market is worth shopping around. Key points to compare are: the suitability needscostflexibility you: What happens if you miss a payment or to cancel or change? Terms and conditions: When the policy pays / if the restrictions? ‘Key facts’ documents, which allows you to look around when you contact the donor, that will give you information about the service they offer. This can usually be found in the “document on our service.” Once we have discussed what you need and answer all the questions about yourself and what you want to ensure, brokers, insurance company or the company sells an insurance policy to give you the key information. This exposes the relevant facts.
First purchase insurance – find out more about the money clear from the FSA:
Get helpyou can buy insurance, or with the help of a broker, but either way you will get key information about the insurance policy and what covers.Generally, companies that sell insurance and provide insurance cover (underwriting risk) must be regulated by the Financial Services Authority (FSA), the UK financial services regulation, or be an agent of a regulated firm. There are some exceptions, such as the sale of extended warranties on non-motor goods (such as electrical equipment) when the person who sells insurance goods.Regulated offers companies and their agents are placed in the record and must comply with FSA certain standards. Always make sure the company uses is on the FSA Register before handing over your money. If they are not regulated by FSA, you will not have access to complaints and compensation procedures if things go wrong – see if things go wrong. To determine whether a company is on the FSA Register, see Checking the FSA Register.
On the other hand there are organizations that can help – see the useful links. But remember, always consult the company that is used is when the company Register.it RTA is not on the FSA Register, or if you have been contacted by or dealing with a licensed insurance company or broker, it would be useful the FSA, if you provide information about their relationship with the company or person. View your list of authorized companies / individuals and to report any issues with your business is not authorized without form.Buying adviceYou reports do not have to arrive before taking out an insurance policy, and business insurance sold without the advice Britain still rules the FSA. But it’s up to you to decide whether the policy is right for you. You may have less reason to complain if the product turns out to be unsuitable.Comparison websitesComparison sites will ask you several questions and provide quotes from several brokers and insurers.
None of the sites that cover the entire market, and some larger insurers are not represented in other sites, so please contact them directly. For comparison site should contain a list of brokers and insurance companies are insurance comparison sites search.Some may require fewer questions to speed up, and instead make some assumptions about you. Always check your assumptions and correct them with comparison sites necessary.Most automatically pass information to the broker or insurance company.
Although this means that you do not have to give new, you should verify that the correct information was provided by the agent or insurance company. If something is not right, you should change the site broker or insurer, or to contact them and ask them to change it.The Association of British Insurers (ABI) has published a good practice guide voluntary insurers, brokers, websites comparison of software and in providing insurance online quote comparison of insurance.This means you get information that will help you better understand the policy offered. He also said that insurers are unable to offer a price to a customer (for example, due to age or health) should return the product to another supplier may be able to offer coverage.
They will tell you, will then provide you with advice or just information about the product, which offer insurance – can be from one company or many, how much you owe andhow service.Use of this document, or information about shopping around for the service you want at a price you are happy with.Step 2Once you discussed what you need and answer all the questions about yourself and what you want to ensure, brokers, insurance companies or insurance companies will sell you the information you give Key policy. This exposes the relevant facts. Ask questions if you do not understand anything as misunderstandings could lead to the insurance company refused to pay when political information is presented claim.The: what insurance covers, in fact, what we do not cover any constraints or restrictions; andother important features you need to know before you make your mind.Make to get this and have read and understood. Ask your service provider or an insurance company to explain what you do in this paper understand.Use shop around and compare similar products. Another policy may be more convenient, but offers the same cover?
Second To check if a company is FSA authorisedYou can check if a company or a person authorized by the FSA using the FSA online Check out our register “service.Find how to use the FSA register and what to consider when looking for a company or person.
Companies are placed on our register as soon as we gave them permission to perform a particular activity. Companies that operate as “agents” for other companies is also on our register, and is also known as “designated representative” or “tied agents. After that we monitor our standards they follow, known as “regulated”.
Always make sure the company you use is on our Register before handing your money. If they are not regulated by us and things go wrong you will not have access to complaints procedures and compensation, such as the Financial Ombudsman Service and Financial Services Compensation Scheme (CSF). Some companies do not pay to appear on the FSA register until May 2011, but you can always take complaints about them to the Financial Ombudsman Service.
3. The difference between knowledge and adviceYou can buy insurance after receiving advice or information, after shopping around. Read related article to understand the difference between the purchase with or without a receipt, and the relative pros and cons.
The difference between advice and information when you get advice about insurance, broker or consultant to look at individual circumstances and needs, and recommends a policy against them. This often requires face to face, but you can get advice in other ways, for example, by telephone, e-mail or mail. The FSA rules, if the advice turns out to be unsuitable for you to have the right to appeal and, in some cases, may be able to claim without compensation.Buying adviceUK companies that sell insurance without advice still complies with the FSA rules, to example, to provide certain information about their services and products (see next paragraph). But if you buy in this way you can decide which policy you think is right for you. If things go wrong, may be more difficult to complain.Information insurance broker is authorized to provide companies youFSA must comply with certain rules and standards in dealing with you, also give you some information.
Friends or relatives able to recommend an insurance broker or insurance company, or you can find one along the main road.
When using a comparison site to ensure: do not place ads misleading statements of their market coverage – none of them covers the entire market, so if you say, this is probably true, is to understand what savings can be do, if the company is advertising that appears as an attractive exchange rate, and the assumptions that have the same exact quote of the insurer, andyou know what excesses may have pay.See our Shopping Guide. What information do you get? When you contact an insurance broker, they give you, the information service that we offer – Refer to section 1, andinformation about insurance is offered to you – see Step 1 2.Step – Get KeyfactsWhen contact with the donor, that will give you information about the service they offer. It can be about our service document, but it is not necessary.
Information serviceWhen a broker contact you insurance provider, which will give details about the service they provide. It may be a “document of our service,” but not tell you if you be.They offers advice or just information about insurance policies that offer productwhose – can be a company or manyhow you have to pay for information or services document, shop around for the service you want at the price you are happy with the insurance with.Information policyOnce you have discussed what you need and answer all the questions about you and what you want to ensure, through the company insurance or the company that sells the insurance will give key strategic information. It defines the type of insurance facts.For essential investments that should give you a more detailed document key features include an illustration of how investment could over time