UK Insurance News

With an expected 27 million trips in the first week of the summer holidays, drivers travelling with known faults could lead to more breakdowns.

With an expected 27 million trips in the first week of the summer holidays, drivers travelling with known faults could lead to more breakdowns.

Financial professionals from across the industry gathered at the Royal Lancaster London to hear Tim Vine reveal the results.

Financial professionals from across the industry gathered at the Royal Lancaster London to hear Tim Vine reveal the results.

Motorists in the UK are paying more to insure their vehicles. This is according to the Association of British Insurers (ABI), which stated the current average premium rose to £511 in the three months to June 2023 – up 21% on the same period last year.

Despite losing customers, the company reported a 4% increase in profit compared to last year.

Once you signed the dotted line on your life cover, you may have put the documents away and forgotten about them entirely. However, many life insurance policies carry additional benefits that could bring value to your life over the years to come.

Many life insurance policies carry additional benefits that could bring value to your life over the years to come.

UK drivers are putting their plans to switch to an electric vehicle (EV) on hold due to the cost of living crisis, according to the RAC. This year, the primary reason behind switching to an EV was due to its lower running costs.

UK drivers are putting their plans to switch to an electric vehicle (EV) on hold due to the cost of living crisis, according to the RAC.

Travel insurance policies require an average wait time of almost 12 hours before allowing its users to claim cancellation cover, according to data collected from Moneyfacts in May. In some instances this can be as much as 24 hours before someone can claim, which can be less than ideal for an individual or family with no place to stay for free nearby while they await their next flight.

Travel insurance policies require an average wait time of almost 12 hours before allowing its users to claim cancellation cover.

Four in 10 travel insurance policies do not offer protection for those whose holidays are disrupted due to strike action, according to research by Which?. If your flight is cancelled, even in the event of ongoing strikes, then you have a legal right to a full refund or a replacement flight to get you to your destination. This means if you are part-way through your journey, such as waiting at a connecting airport, then you have the right to request a flight back to your original airport of departure.

Four in 10 travel insurance policies do not offer protection for those whose holidays are disrupted due to strike action, according to research by Which?.

Edinburgh is the cheapest place to get health insurance, paying 15.74% less than the national average. Londoners, on average, pay £108.63 a month for health insurance, which is over a quarter more expensive than the national average at £86.07 per month. This is according to myTribe, which used eight different insurance providers and over 700 quotes to determine these figures.

Londoners, on average, pay £108.63 a month for health insurance.

Last year saw a boom in pet ownership, but for many people having a four-legged friend can make finding rental accommodation a challenge which could prove a lucrative investment opportunity for landlords

Last year saw a boom in pet ownership, but for many people having a four-legged friend can make finding rental accommodation a challenge

A growing number of UK adults now have private medical insurance (PMI), we explore the reasons for this and how to choose the right PMI policy.

A growing number of UK adults now have private medical insurance (PMI), we explore the reasons for this and how to choose the right PMI policy.

If a pet has a pre-existing illness or is already sick, it may be a challenge for pet owners to find pet insurance, but there are options available

If a pet has a pre-existing illness or is already sick, it may be a challenge for pet owners to find pet insurance, but there are options available

During the height of the lockdown in April, the Office for National Statistics (ONS) found that 46.6% of workers were working from home and, of these, 86.0% were doing so as a result of Coronavirus pandemic

During the height of the lockdown in April, the Office for National Statistics (ONS) found that 46.6% of workers were working from home