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Insurance: Basic Concepts

The key way to get the best deal for any type of insurance is to shop around as much as possible to ensure that you have investigated a large number of options. As well as the overall cost of insurance, you should consider the type of insurance policy and any hidden costs.

For example, you usually expect home contents insurance to cover posessions within your home, such as furniture, clothing and electrical equipment. You will usually be protected against a variety of risks ("fire and theft" being the most frequently mentioned). However, it's worth asking questions and checking the small print: does the policy protect against flooding or accidental damage, for instance?

Some policies allow you to take out additional cover that may allow you to protect your belongings outside the home. It is, however, worth remembering that policies may specify that you should pay an excess on some types of claim. An excess means that you will have to pay for some part of the claim yourself.

If you are short on time or don't feel like doing the investigating yourself, you can get an insurance broker to assist. You should be able to find independent brokers advertising in your local Yellow Pages, or on the internet.

Home Insurance

Our complete guide to home insurance aims to give you the lowdown on your buildings and contents insurance options. Check out the complete list of articles:

Contents insurance
Comparing contents insurance
Buildings insurance explained
Buildings insurance risks
Buildings insurance cover
Buildings insurance: rebuilding costs
Buying buildings insurance online
Buildings insurance: moving home

Car Insurance

Want to know what factors are important when it comes to choosing car insurance? Our complete set of articles can point you in the right direction:

Car insurance explained
Third party insurance
Third party fire and theft
Fully comprehensive cover
Comparing car insurance deals
The cost of car insurance
Cost factors
Car insurance costs: your car
Driver history
Car insurance excess levels
Named drivers
Driving abroad

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