Insurance Information

Information section on Insurance.
Helping you to understand the types and procedures involved with insurance policies.

Insurance is protective "what if" cover, for our property, possessions, life, health, and pets against any harm, damage and theft. No one wants harm to come to themselves their family or possessions, but it can be a real possibility, so insurance policies are taken out to lessen the financial hardships that may arise.
By taking out insurance you are basically shifting a risk from a person, business, or organization to an insurance company. The insurance company is committed and responsible for covered losses as identified in the contract.

Insurance Types
An individual insurance contract is known as an insurance policy, policies have periodic payments, usually monthly, known as insurance premiums. Instead of periodic payments a lump sum insurance premium might be needed.
There are lots of different types of insurance policies, designed to cover a myriad of possibilities, such as,

Buildings Insurance
Contents Insurance
Vehicle Insurance
Life Insurance
Travel Insurance
Private Medical Insurance
Mortgage Payment Protection Insurance
Income Protection Insurance
Critical Illness Insurance
Pet Insurance

Insurance Policies or Contracts
You obtain insurance contracts from an insurance company or from a insurance broker.
Someone who works directly for an insurance company can only act as an agent for that particular company and can only recommend their insurance products. It is possible to widen your pool of insurance options by using a broker.
An insurance broker is often an independent agent whose works on your behalf to find you a policy from a range of insurance providers. Some insurance brokers trade under titles like agent or consultant, and where this happens, they might only search a handful of insurance companies to find you a policy. Whoever you use is obliged to tell you what sort of agent or intermediary they are.

Insurance Terms and Conditions
No insurance policy can cover every possible event that might arise, so insurers put terms and conditions into a policy to limit their exposure to the risks being run so that they can measure and quantify the risks they are accepting.
When you agree to an insurance cover, you enter into a legally binding contract with the insurer, where you agree to the conditions of the policy. The most relevant terms and conditions to an everyday contract are,

Insurance Claims
Insurance Excess
Insurance Exclusions
Insurance Premiums

It is wise to read all contracts thoroughly before agreeing or signing, at the very least be aware of the claims procedure, excess amount and any exclusions. Payment of the premium is of paramount importance, fall behind and you may not be covered by the contract.

Tools for Finding Insurance
Find insurance providers by using the insurance tools, browse through them to find the deal that suits your budget, then click to apply for the insurance.
Whatever type of individual policy you require, the top insurers best buys and comparison tables will cut down the time you spend searching.
Choose a section, and click on a link to apply for the insurance policy.

We aim to introduce you to competitive insurance providers to compare between, and to save you time in your search for cheaper finance.

If you're after Insurance Information, Saber Finance is here to help