Drivers Should Check Their Motor Insurance Small Print
Research carried out by swiftcover reveals that a significant number of British drivers could be unwittingly putting themselves under financial pressure due to a lack of understanding about what is and what is not covered by their insurance.
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In the company’s study more than 33 per cent of motorists were totally unaware of the ramifications of giving a low estimation of their annual mileage in an attempt to keep the cost down. Some 25.8 per cent of respondents reported to be unaware whether driving beyond their stated amount of miles would have an impact on their insurance cover, with 16.1 per cent claiming that it would not have an effect. However, it was stated that a failing to contact their supplier upon exceeding their mileage may result in motorists invalidating their cover. As such, consumers were urged to constantly check their mileage and to get in touch with their insurance provider should they notice something is awry or their circumstances change.
Further research showed that more than a fifth of motorists are unaware whether or not they will be covered should they have an accident while smoking or eating at the same time as driving. This figure comes despite just under two-thirds (65 per cent) of respondent stating that they consume while on road, with over one in three choosing to smoke.
The financial services firm pointed out that although eating or smoking while driving is not a criminal offence outright, should they suffer an accident while doing on these things than they could be accused of being negligence. It was purported that motorists’ reaction times can be up to 50 per cent slower should they be talking on the phone or having a cigarette or snack. Meanwhile, swiftcover stated the Highway Code recently listed smoking and eating as dangerous distractions when behind the wheel.
Following on from being forced to dip into their own pockets and purses, it may be possible that those drivers with inadequate levels of insurance might find that their ability to manage other demands on their spending. Such areas could well include loan, credit and store cards, utility bills and mortgage or rent repayments.
In addition, the study indicated[spin]29 per cent were convinced that their policy covered them automatically if they drive another car|29 per cent of drivers think that their policy will automatically cover them should they get behind the wheel of a friend or partner’s automobile.
Tina Shortle, spokesperson for swiftcover, said: “While choosing the lowest price car insurance policy is most people’s objective, it is also important to know exactly what is and isn’t covered. Drivers make a lot of assumptions about their policies, so it’s best to read all terms and conditions carefully and to regularly review the terms.”
Secured Loans
Consumers looking to buy a new car over the coming months might wish to consider taking out a secured loan to finance their purchase. In selecting this type of loan, borrowers may be able to select a top-of-the-range model quickly and effectively, in addition to being left with enough spare cash to help get a comprehensive insurance policy. A secured loan could also be recommended for those wishing to meet the cost of damage to a sailboat. In a study conducted by Saga in April it was shown that hitting an underwater object while on the sea will cost the typical consumer 2,419 pounds. Meanwhile, the average burglary claim stands at 1,820 pounds.
loan-arrangers.co.uk
Tags: Business Finance, smoking while driving, Types of insurance, insurance policy, lowest price car insurance policy, insurance loans, Financial economics, insurance cover, Tina Shortle, insurance providerRelated posts:
1st time since 2001, there had been 4 British drivers in a championship season. Lewis Hamilton, David Coulthard, Jenson Button and Anthony Davidson.
The Highway Code is the authority on the Rules of the Road whether you agree or not. The reason that you are advised to go to the front of the queue is so you can cross the junction in full view of traffic from all roads leading to the junction – bear in mind you also have a starting point further forward than motor vehicles!
Are you serious!?!? That is horrible, and discriminatory. I would look at switching carriers, or if it is through your work I would make a big deal with the HR department on that. Also, you should see if the insurance covers cancer screening for men, which I suspect it does, just to fuel your complaint. Really messed up.
First thing you need to do is speak with your insurance provider and find out what their arrangement is with that office. Many offices accept X dollars for a service and the rest is written off.
Vaccinations are a whole different ball game – many insurances do not cover certain vaccinations or only cover them at a percentage.
You need to be aware of what your insurance coverage is. Your office will bill your insurance, and then should bill you based on what is the balance of uncovered (not waivered or written off) expenses.
I have never received a single [...]
call this much of a commentary, try to incorporate the highway code and roadcraft next time. Merley saying going to turn left just isnt a proper commentary. Looks like a trainer trying to blow his own trumpet to me…. not too well either.