UK insurers expected to pay out £2.5bn for coronavirus insurance claims from 2020

Insurers will pay out £2.5bn for coronavirus claims from 2020 with majority linked to business interruption It is estimated that £2.5bn will be paid out in insurance claims from 2020  Some £2bn of that will go on business interruption claims alone  Another £204m is thought to be paid for Covid-19 related protection insurance claims By Grace … Read more

UK insurers expected to pay out £2.5bn for coronavirus insurance claims from 2020

Insurers will pay out £2.5bn for coronavirus claims from 2020 with majority linked to business interruption It is estimated that £2.5bn will be paid out in insurance claims from 2020  Some £2bn of that will go on business interruption claims alone  Another £204m is thought to be paid for Covid-19 related protection insurance claims By Grace … Read more

UK insurers expected to pay out £2.5bn for coronavirus insurance claims from 2020

Insurers will pay out £2.5bn for coronavirus claims from 2020 with majority linked to business interruption It is estimated that £2.5bn will be paid out in insurance claims from 2020  Some £2bn of that will go on business interruption claims alone  Another £204m is thought to be paid for Covid-19 related protection insurance claims By Grace … Read more

Young drivers could save £848 on car insurance by switching to a telematics plan

Young drivers could save up to £848 on car cover by having a telematics plan and it’s typically the under 20s who benefit EXCLUSIVE: Motorists aged 17 to 24 could save hundreds by switching plans  Telematics policies are cheaper than standard car insurance ones The fall in prices has not matched other motor premiums  By … Read more

Car insurance premiums fall by £100 in one month

Car insurance premiums fell by £100 in January compared to December, new research has revealed. The typical annual outlay for cover now sits at £627, the cheapest level since summer 2015, according to data from Compare the Market. The change of £100 means a fall of 14 per cent from December 2020 to January 2021 … Read more

Do I have to declare a cancelled car insurance policy at renewal?

My 18 year old son took out a reasonably priced car insurance which included having a black box fitted. He was clocked speeding on three separate occasions by the box – not the police or a speed cameras – and his policy was cancelled within seven days. Since then, he has found out that in … Read more

Brexit visa rules for Tenerife and insurance refunds: The Holiday Guru tackles travellers’ issues

Brexit visa rules for Tenerife and insurance refunds: The Holiday Guru tackles travellers’ issues By Daily Mail Reporter Published: 15:08 GMT, 11 February 2021 | Updated: 15:08 GMT, 11 February 2021  The Holiday Guru is always on hand to answer your questions. This week he offers advice on booking a South-East Asia backpacking trip and … Read more

How lockdown can help to reduce your insurance bills

Home, car and travel cover: How lockdown can help to reduce your insurance bills Changes to the way we travel and work affect our insurance requirements  When applying for car insurance, rethink how many miles you are likely to drive  With home insurance, you could think of buying accidental damage as an add-on By Rachel … Read more

Insurance boost for families in flood-prone areas

Insurance boost for families in flood-prone areas as they could get lower premiums if they install protective measures Residents in flood-prone areas may be entitled to lower insurance premiums  Plans for householders to claim discounts with floor barriers or air brick covers   Aim to give households in flood-hit areas additional support to protect property By … Read more

Car insurance cost hits four-year low as vehicle use stalls due to Covid

Cost of car insurance hits four-year low: Average premium drops to £465 as vehicle use stalls in the pandemic The average price paid for comprehensive motor insurance in 2020 was £465  This is the lowest level since 2016 and down 1% since 2019, data shows  It is likely costs are down due to the reduced … Read more