|
Insurance is one essential you can't afford to be without
today
2008
has seen major changes in the economies of countries worldwide. Many
countries have gone into recession or are going into it and economists predict
a "rough" time ahead for a few years. At
a time like this many people have to cut costs and unlike earlier recessions there
are more "essentials" that they want to retain, for example mobile phones, satellite/cable
TV and broadband internet access. One
"essential" that can be overlooked is their insurance policies. Some
insurance cover is mandatory under the law of the country for example motor vehicle
insurance. If someone has a mortgage the mortgage company will usually insit as
part of the mortgage deed that Building Insurance has to be taken.
Other types of insurance are also compulsory, however if you are renting or letting
a property, going on holiday, are a home owner, in business you need to keep up
the insurance payments. If you're not insured you could be risking losing your
belongings. You might decide to stop your household insurance contents. What happens
if there is burglary at your propert? No insurance no insurance pay out. Many
companies have monthly payment schemes; however always read the "small print"
if you stop paying the premium, the cover usually stops. and therefore no insurance
payout. Don't
cut back on insurance. You never know when you might have to make a claim.
_________________________________________ 
Released 28th October 2008
Summary:
As
the UK heads to recession and the credit crunch is biting, many people are making
serious cutbacks in expenditure. One of these is insurance because unlike a mobile
phone they don't think it to be an essential. 2008
has seen major changes in the economies of countries worldwide and many countries
like the UK are about to go into recession or are already being classified as
in recession jml
Insurance.co.uk has just launched a campaign on it's group websites entitled "Insurance
is one essential you can't afford to be without today" Philip
Suter of jml insurance
said"At
times like these as a result of the credit crunch many people are now cutting
back. They still have to fund their mobile phone, internet subscription and satellite
/ cable TV costs. They will however look to making cuts in other area and one
of these is insurance." "Some
insurance cover is mandatory under the law of the country for example motor
vehicle insurance so you can't cut that
out and if you have a mortgage the mortgage company insists that the property
has adequate buildings insurance." It
is a different case when it comes to contents
insurance for homeowners and landlords
and tenants,
travel
insurance and even car
hire excess insurance." jml
insurance has been marketing Landlord and Tenant insurance products for companies
like HomeLet and Endsleigh for several years. The market is very buoyant in the
UK and Ireland where there has been a massive decline in the sales market. Landlords
must protect their investments and tenants need to protect their possessions by
taking out insurance. Most tenants have laptop computers now and to cut back on
insurance is not ideal. Tenants to think that they don't have many possessions
till the start to add up the costs of replacing the ipod, clothes, money that
was stolen and the pedal cycle... Philip
went on to say "If you are going on holiday don't forget your travel insurance,
you never know if you have to cancel at the last minute, get delayed or have an
accident. Over the last twenty five years have had to make a couple of claims
and have found as a frequent traveller that an annual family policy has worked
out cheaper. As someone who travels several times a year and rents cars whilst
away, an annual car hire excess policy from Insurance.4carhire.com has also been
much better value than paying the higher individual costs to a car hire company
on each rental." Many
insurance companies offer monthly payment schemes payable by direct debit or credit
card; however someone who looks at cutting costs can easily cancel their insurance
payments without thinking about the consequences. If the policy holder needs to
claim they will often find that as the payments stopped so did the insurance cover.
Company
Information jml
Insurance.co.uk is part of jml
Property Services, the trading name of Jeffrey
Milner Ltd. The company is an UK based
company that was established in 1979. jml insurance acts as an introducer for
insurance companies selling property insurance including landlord and tenant rental
products, pet insurance, wedding insurance, motor insurance, car hire excess insurance,
travel insurance and non standard insurance products. They also operate jmlvillas.com
an online marketing service for owners of holiday home property to advertise and
are part of the jml
Group that includes jml
Training and Consultancy. ©
jml Property Services October 2008
| 
