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Insurance
Car
Home and contents
Life assurance and insurance
…
Insurance
- Car
- Home and contents
- Life assurance and insurance
- Travel
- Pet
- Health
Advantages
- Legal requirement
- Pay for repairs to own car and 3rd party
Disadvantages
- Premium can be high for groups deemed high risk; young and olds
Travel
- Medical expenses paid when abroad
- Holiday
- Loss baggage/property
Advantages
- Repatriation cost
- Millions of medical cost can be cover
Disadvantages
- Excesses often apply
- May need to meet replacement costs and then claim back
Life assurance
- Polocy for a set time to pay lump of sum if die with in their year
Advantages
- Compensates for the loss of bread winner
- Fixed premium
Disadvantages
- Some policies are not index linked
- Expensive premium
Home and contents
- New for old
- Item replaced if stolen
- Repairs paid for if caused by accident, e.g. strom or flooding
Advantages
- Covern item when outside the home, e.g. laptops
- Stolen/damage item replace (can be expensive
Disadvantages
- Excess often apply
- Compulsory for some mortgage
Advantages
- Meets compulsory requirnent for some mortgage
- Fixed premium
Disadvantages
- May need to used to pay off a mortgage
- No payment if die after the period
Pet
- Protect pet owner of pet
- Covers some or all expenses for treating ill or injured pet
Advantages
- Avoids expensive vet fees
- Peace of mind
Disadvantages
- Excess often apply
- Exclusion may apply
- Additional monthly expenses to protect against the unexpected
Health
- Covers individuals, family or employees
- Cover against medical expenses (assessment/ treatment loss of earning)
Advantages
- May be seen quicker than on NHS
- May include drug or treatment not covered on NHS
Disadvantages
- Premium can be expensive
- Will not cover pre-known condition