BLOG

OLYMPICS AND ITS IMPACT ON THE INSURANCE INDUSTRY

Date:

Source:

30 June 2012

Wise Insurance

As London prepares to host the 2012 Olympics, it remains to be seen if the city will earn a high return on investment that it has made to improve infrastructure and to provide a facelift to the city. While the hospitality sector is looking forward to an increase in occupancy and hence revenues during the Olympics, another vertical that is set to rise due to the Olympics is insurance. With companies associated with the Olympics taking much needed additional insurance cover.

The increased focus of sponsors on risk management means that a number of insurance companies that offer event insurance have already noticed a jump in figures and are likely to expand their portfolio and extend special offers such as premium discounts to prospective customers to take full advantage of the business opportunity offered by the Olympics.

Travel insurance is set to rise too, since a number of Britons from across the country are expected to come to London as spectators. For competitive quotes and a comprehensive coverage, you can check the details of travel insurance offered by us. We offer both single trip and multiple trip travel insurance that ensure that the policyholder is fully covered in case of any mishap.

The Olympics is also expected to boost the demand in the food and catering sector, so catering businesses are likely to need additional public liability insurance and product liability insurance. The insurance sector is already foreseeing an increase in Employer's Liability insurance for the period of London Olympics. That apart, the demand for caravan insurance and insurance for food trailers is also expected to increase in the weeks leading to the Olympics. Make sure you don't get left behind, set some time aside to think about any insurance you have yet to obtain or any additional cover you may need during the Olympics.

Tags:
Travel Insurance, Single Trip, Multiple Trip, Public Liability Insurance, Employer's Liability Insurance, Caravan Insurance
ALL ABOUT OPTIONAL AND MANDATORY INSURANCE IN THE UK

Date:

Source:

30 June 2012

Wise Insurance

Getting an insurance policy may seem like an unnecessary expense for some people. However, given the benefits offered by an insurance policy, it is mandatory in the UK to get motor insurance and employer's liability insurance. Even though you are not required by law to get home insurance or caravan insurance, it would be wise to get these policies as well. Insuring your home or caravan will not only help you protect your investment, but even guard you from the financial burden of repairing or replacing your property due to its' loss or damage caused by an unforeseen and sudden accident.

Thus, even though there are only two mandatory insurance requirements in the UK, you should not ignore the optional insurance options. Some optional insurance covers that will offer you a sense of security and peace of mind are health insurance, home insurance, property insurance, and travel insurance. With medical expenses increasing and privatisation of some medical services, not having a health insurance could prove to be a costly mistake.

Getting home insurance will protect your investment in your property and provide both liability cover and property cover, just as travel insurance will shield you from any kind of financial loss suffered due to flight delays, last-minute cancellations, loss of baggage or other mishaps during your trip provided they are covered in your policy document. Hence, you should use your discretion and assess your needs at the time of getting an insurance policy rather than limiting your insurance needs as per the mandatory requirements dictated by law. Whether you are shopping for mandatory insurance or optional insurance, you can get the most competitive quotes from us. Our insurance policies offer comprehensive coverage and include several benefits that are exclusive to our products.

Tags:
Motor Insurance, Employer's Liability Insurance, Home Insurance, Caravan Insurance, Property Insurance, Travel Insurance
MOBILE PHONE AND DRIVING

Date:

Source:

29 June 2012

Wise Insurance

Recent research has shown that using your mobile phone while driving can be as dangerous as drunk driving. Though there is no clear law pertaining to the use of mobile phone while driving and what constitutes an offence for which you can be penalised, simply holding your mobile phone in your hand while at the steering wheel can amount to breaking the law. There is a popular conception that using a hand-held mobile phone while driving compromises road safety only if the driver is talking on the phone or using it to send a picture or text message.

However, even if you are checking a text or picture message or retrieving missed call information from your mobile while driving, a police officer can pull you over and fine you for breaking the law. It is also considered illegal to use your hand-held mobile phone to access the internet whether you are driving, queuing in traffic or even if you have stopped at traffic lights. In fact, it is also against the law to use a hand-held mobile phone while supervising a learner driver. An employer can be prosecuted for directing his or her employees to make or receive calls while he or she is driving.

Drivers who are caught using a hand-held mobile phone while driving get a fixed penalty notice that adds three penalty points to their driving license and are charged a fine of 60. Based on the seriousness of the demeanor and its consequences, a case involving the use of a hand-held mobile phone while driving can also go to court, which may lead to suspension of the driving license and the imposition of a fine of up to 1,000. The penalty for this illegal act is more severe for a bus driver or a person driving a goods vehicle. He or she will have to pay a fine of 2,500 in addition to facing disqualification from driving. Car insurance or caravan insurance does not cover these costs.

The only exception when a driver can use a hand-held mobile phone while driving is when he or she needs to call 999 in case of an emergency when it is impossible or unsafe to stop the vehicle.

Tags:
Car Insurance, Caravan Insurance
INSURING YOUR FIRST OFFICE

Date:

Source:

29 June 2012

Wise Insurance

If you are thinking of getting new office space, there are a number of insurance covers that you should take out. Insurance will cover not just your assets, but also protect you financially from third party litigation. One can take a combined coverage or opt for a more selective pack.

While you may consider hazards like fire or flooding unlikely, insuring against them is crucial. It protects you from heavy damages later on. Businesses have been destroyed for the lack of adequate cover. You will need to protect the four walls of your office and the expensive valuable machinery and equipment. Insurance will also cover you from break-ins, robbery and vandalism. Accidents can and do happen in the workplace in which case, insurance can help you from third party action. It also protects you from paying heavy damages if your goods are damaged at some point.

Many insurers will put all this under the umbrella insurance of commercial insurance. This will include multiple insurance areas like stock insurance, building insurance, public liability insurance, employer's liability players and stock insurance. You can also opt for professional indemnity insurance, goods in transit insurance and product liability insurance.

When taking out a commercial policy it is important that you check the fine print. The cover provided in various cases must be adequate for your needs. Some insurers also allow you to adjust the cover in certain policies. This will also affect the pricing. These adjustments can help one adjust the cost of the policy significantly. However, keep in mind that your insurance cover will also diminish on decreasing the price. Hence, this should be done very carefully and only after determining the crucial areas of insurance that you will need.

If you are running your office from your home, your insurance requirement will again differ. Insurers today offer different option for those going in for home office insurance. You can take it as a stand alone insurance that covers your equipment or you can get a combination of business and home policy.

Insurance is a must whenever you decide to set up your own office. It protects your asset from damages and helps you recover financial costs in case of accidents. At Wise Insurance we can guide you on the best cover for your needs, call us today and speak with one of our experts.

Tags:
Home Insurance, Office Insurance, Building Insurance
LIABILITY - WHAT'S IT ALL ABOUT?

Date:

Source:

28 June 2012

Wise Insurance

If you own a business, big or small, you should know all about liability and the need for liability insurance. Simply defined, liability is the state of being responsible for fulfilling a financial obligation, as dictated by law. A business owner can be held liable for personal injury or property damage and can be sued for the same by anyone including his or her employees or a member of the public for a variety of reasons including a slip and fall accident on the business premises or an auto accident that involves a company vehicle.

The best way to protect yourself and your company from taking a monetary beating due to liability claims is by getting liability insurance. Typical public liability insurance covers the amount of compensation that the policyholder has to pay as damages to a member of the public due to an injury or damage that he or she had to suffer due to the business of the policyholder. In addition to that, this insurance also covers the cost of legal fees and other costs associated with fighting the liability claim in a court.

Moreover, public liability insurance also covers the cost of hospitalisation and medical treatment of the injured person who files the liability claim. Since the market is flooded with insurance companies each of which claims to offer the most comprehensive liability insurance at the most competitive rates, you should hire the services of a well-known insurance advisor like Wise Insurance before buying liability insurance from the market.

We can help you choose a policy that meets your specific needs and prevent you from signing a policy contract that contains dubious terms and conditions that restrict the amount of compensation that the insurer might have to pay in case the business faces a liability claim. We can also guide you about a reasonable amount of premium that you need to pay based on the turnover of your business and the level of risk associated with it. Thus, it is important to get the right liability insurance from the right company and at the right price.

Tags:
Liability Insurance, Public Liability Insurance, Employers Liability Insurance
GETTING YOUR CARAVAN READY FOR THE SEASON

Date:

Source:

28 June 2012

Wise Insurance

If going on a caravan holiday is an important tradition in your family, you need to make sure that your caravan is in top shape before you hit the road for a fun-filled trip with your friends or family. Even though it is imperative that you get your caravan serviced prior to the holiday season, it should not stop you from vacuuming its' floors and lockers to ensure that its' interiors are clean and hygienic. Once your caravan comes from the servicing centre, you should make sure that everything is in proper working order such as the tyres, tow bar, lights, and window seals.

It is best to replace old tyres with new ones to prevent a potentially fatal blowout due to bald patches that develop on tyres when left unused for a long time. In addition to that, you should check to see that the number plate on your caravan is intact and clearly visible. Next, you should double check everything to ensure that you have not missed any signs of wear and tear that can prove dangerous.

If the carpets and curtains in your caravan look worn out and water damaged, you should replace them with new ones. This will be a better and wiser option than vacuuming them or using an antibacterial solution to clean them. Moreover, you need to check all the appliances and electronic items fitted in your caravan to ensure that they are working properly and do not need to be repaired or replaced.

Just like the interiors, the exteriors of your caravan should also be clean and you can even get it polished or waxed at the servicing centre. You can yourself wash your caravan a day before your holiday using a car shampoo. However, regardless of all the steps you take to ensure the safety and security of your caravan, unforeseen events such as accidents or inclement weather can still damage it and its' components can be stolen. To protect your caravan and yourself against the financial hammering caused by such loss or damage, you should take a comprehensive caravan insurance policy from a well-known insurance provider. To find out more about our caravan insurance, policy features and new for old caravan insurance, speak to one of our experts today.

Tags:
Caravan Insurance, Static Caravan Insurance, Touring Caravan Insurance
FLOOD ISSUES AFTER THE WETTEST SPRING ON RECORD

Date:

Source:

21 June 2012

Wise Insurance

With millions of people across the world living and working in areas that are at a risk of flooding, the record rains this spring do not bode well. However, there is no need to panic, as you can take a few simple steps to ensure that your home and business is prepared for flood and that this natural calamity does not affect you, your loved ones, and your property irreversibly. If you own a riverside property or live near a reservoir, you need to follow a few important pointers for preparing your property for flooding.

Though you can never make your property completely flood proof, you can limit the damage caused to it significantly by making some flood-resilient alterations to your property. For instance, you can install various flood-proofing products in your home or office to delay floodwater from entering the building, thus giving you more time to evacuate. In addition to that, you can limit the cost or repairs by using area rugs over tiled floors rather than fitted carpets in your riverside home. Moreover, it will make it quicker, cheaper, and easier to clean and dry out your property after flooding.

Installing a pump in your basement and placing expensive electronic items on high mounted shelves or raised platforms will also help. Using bathroom and kitchen fixtures that are made of water-resistant material such as steel or plastic can help you in resuming your normal routine faster once floodwater has been eliminated from your home or office. Do not forget to buy large sealable bags from the market to protect heavy furnishings such as sofas and beds that you cannot move at the last moment following the issuance of flood warning.

However, despite preparing a flood plan for your home or office, you are bound to suffer some loss or damage due to flooding. You can offset this by taking flood insurance when you take out your home insurance that offers coverage against loss of property due to flooding. Making flood-resilient alterations in your home or office can also help in lowering your premium for this insurance. For more information on home insurance to cover the eventuality of a flood speak to one of our in house home insurance experts.

Tags:
Home Insurance, Flood Insurance
WHAT IS EMPLOYER'S LIABILITY INSURANCE?

Date:

Source:

30 May 2012

Wise Insurance

As an employer, you are responsible for the health and the safety of your employees. If an employee is injured while at the workplace or suffers ill health because of work conditions, he or she is entitled to compensation under the law. This also applies to ex-employees, provided their ill-health is due to conditions at your workplace. Employer's liability insurance gives you a safety net from these claims.

When deciding on the cover, evaluate your situation carefully. You will need insurance for at least 5 million pounds. If your run a group of companies, you can take out an insurance for the group as a whole. This will have to be for at least 5 million pounds. If after a careful evaluation of all risks and liabilities you feel that you need a bigger cover, go for a bigger policy.

Once you take out this policy, insurers like Wise Insurance will provide you with a certificate. This certificate should be displayed or sent electronically to your employees. You are not required to display the certificate on offshore location. But if an employee asks for a copy you must provide him or her with one as soon as you can.

The law is applicable to employees based in England, Scotland and Wales. It will apply to offshore locations as well. However, you need not carry out insurance against employees stationed abroad, unless their country of residence demands for one. Even employees based abroad come under the purview of the law if they spend more than 14 continuous days in Great Britain.

The need to get employer's liability insurance is not optional. Under the law it is compulsory for you to have it. The Health and Safety Executive have the power to enforce the law and they carry out regular checks for this purpose. The insurance must be for a minimum amount of 5 million pounds. The failure to ensure or to withhold documents from HSE or your employees will attract heavy fines.

The employer's liability insurance is a vital piece of insurance that saves you from heavy financial spending in case an employee is injured in the workplace. It also ensures that every employee will get proper treatment. Call Wise Insurance and speak to one of our experts to find out more about public liability insurance and what kind of cover you need.

Tags:
employer liability insurance, liability insurance, health and safety, liabilities, compulsory insurance
THINGS YOU MAY NOT KNOW WHEN TAKING OUT INSURANCE

Date:

Source:

25 May 2012

Wise Insurance

Most people are often ignorant about the necessity of insurance or they opt for the wrong type of insurance cover. Here are some examples of instances where you might want to think a little harder about the extent of the cover or the type of insurance you need.

Caravan Insurance - Many people who take out caravan insurance fail to do so properly. It is a necessary protection for your caravan, its content and its passengers but most people only think about insuring the caravan itself. Obviously, under the current law this is a must but what about all of those expensive extras? Do they not also need protection? At Wise Insurance equipment such as ground sheets, motor movers, generators, bedding and crockery are all included automatically into your caravan insurance. Whats more you can also opt to add your awnings too.

Household Insurance - In many cases of household policies, people either under-insure or over-insure their contents. Most companies will insure the walls of the house, including the garage or any other outhouses. However, keep in mind that the BSI or the Building Sum Insured is the rebuilding cost and not the actual value. For instance the actual cost of your property may be 400 pounds, but the rebuilding cost comes out to be just 300 pounds. People often end up taking the mortgage on the much higher value of the property.

Next comes the valuation for the contents. Here the calculation must be based on the current prices and not the replacement cost. However, certain items like clothing and bedding is excluded from the list. If you find that confusing, you can opt for Wise Insurance's 'bedroom rated' policy that bases the figure on the number of bedrooms you have.

Public Liability Insurance: There are product, employer and public liability covers. Many of these areas are not absolutely compulsory and must be opted for. However, the employer must be insured as per the law. The level of the insurance cover must adequately cover the job in hand. It does not, however, cover the objects that one is working on. For instance, a window cleaner will not normally get cover for windows.

It is always better to read the fine print before taking out an insurance policy. Be sure it is neither overvalued, nor undervalued. At Wise Insurance we are real people on the other end of the phone. We are happy to spend time with you to ensure you take out the policy that is right for you. Call us to discuss your insurance today.

Tags:
caravan insurance, awnings, household insurance, contents insurance, rebuilding cost, public liability insurance
MOST COMMON REASONS FOR INSURANCE CLAIMS

Date:

Source:

24 May 2012

Wise Insurance

Most common reasons for insurance claims in various sectors are generally damages or theft. However, the reasons also vary with the nature of the subject.

With household and content, the insurance claims are generally filed in cases of damage to the property by various causes such as fire or theft. Most insurers like Wise Insurance will cover all four walls and other outhouses or garages. The reasons for filing home insurance claims are generally damages from wind, lightening, rain, water, fire, theft and even insect or rodent infestation.

Content insurance is taken out against the contents of the house and will cover all valuables like furniture and fixtures. The top-most reason for filing claims in such cases is break-ins or theft. Other reasons include accidental damages, flood or fire.

The most common reasons for filing auto insurance claims are related to damages and accidents. Leading the pack are fender-benders. These are followed by windshield repairs, brakes and rear-end damages. All these will be covered by a comprehensive cover. This is followed by vandalism that often occurs at parking spaces. This is often covered by basic insurance as well.

The commonest public liability claims come from third parties. The insurance covers individual and businesses from damages to a third party due to negligence, whether intentional or not. If you own a business and someone is injured on its premises, public liability insurance will cover that. Claims are also filed for injuries by falling objects, poorly maintained fences or obstructions.

The most common health insurance claims are against medical bills. One can take out medical insurance for regular treatment or for hospitalisation. A large part of medical insurance is also concerned with hospitalisation charges. A large number of claims are against hospitalisation charges. This has enabled people to opt for necessary surgeries while covering financial costs.

The above are just some examples of claims that are filed against various kinds of insurance. At Wise Insurance we have years and years of experience and we know what claims are most likely. We use this knowledge to advise our clients on the best policy cover to protect you and reduce your financial liability. Contact us for more information.

Tags:
insurance claim, household insurance, contents insurance, home insurance, auto insurance, public liability insurance, health insurance
CARAVAN, CAR AND SCOOTER INSURANCE BASICS

Date:

Source:

23 May 2012

Wise Insurance

Whether you are planning to buy a car, a caravan or a scooter, getting your vehicle insured is a must. It protects you from theft or damage. At Wise Insurance, we offer coverage for all three vehicles. When looking for an insurance cover, here are a few things to keep in mind.

Caravan Insurance: The insurance company will ask you for the value, make and model of the caravan. Generally the insurers provide new for old cover. However, if the vehicle is too old, you may not be able to get this type of caravan insurance or your insurance may turn out to be quite expensive.

Always pay attention to the fine print before signing up to your caravan insurance. For instance make sure your insurance covers storm, flood and accidental damages as well. In addition, you must also check your content insurance against any valuables in your caravan, unless they are covered by your household insurance.

Car Insurance: As a driver you are legally required to get insurance cover for your car. The minimum insurance cover is the Road Traffic Act insurance. However, it covers the bare minimum damage to third party property. A much better option is the comprehensive insurance that offers the widest cover. In the UK the two main factors that play a role in determining the insurance price is age of the driver and experience. Young drivers (below 25) and those with high road incident cases against them usually have to pay the price.

Scooter Insurance: When taking out an insurance cover for your scooter, your insurer will ask you for certain details which include the age, price, model and make of the scooter. To provide adequate cover for your scooter and to protect yourself against claims in case of accidents, it is a good idea to get liability mobility insurance. Scooter insurance is calculated much like car insurance where the age of the driver and accidents in the past will be factored in. Insurance cover, like cars, range from basic third party cover to comprehensive cover that includes accidents, damages and injuries to third party.

Broadly speaking insurance cover in all three cases has similarities. While in the case of scooter and car a comprehensive cover will cover most areas, in the case of your caravan you may need extra content insurance as well. Call Wise Insurance today and we will advise you on what cover you need. We always aim to keep policy prices down for our clients as well as offering a professional and personal service.

Tags:
caravan insurance, car insurance, scooter insurance, storm, flood, accidental damage, household insurance
HOW TO HANDLE STUDENTS INSURANCE

Date:

Source:

22 May 2012

Wise Insurance

One of the most ignored insurance areas is the students insurance. Since students are often hard up and own few things of value, they tend to underestimate the importance of students insurance. However, this is short-sighted and can turn out to be an expensive mistake. At Wise Insurance we believe that even students must protect their assets.

If you are a student, start with your home insurance. Like most people you may also need insurance cover for your possessions. After all, being a student does not make you fire or theft proof. If, like most students, you are living in rented accommodation you won't need building insurance since your landlord will most likely have that. You do, however, need contents insurance to cover your possessions. This will also include landlord possessions.

While your insurance cover should protect your possessions against accidental damages, it will also cover fixtures and furniture provided by the landlord. This cover can come in crucial to protect you financially in case any untoward incident takes place. It will enable you to protect your deposit for the property by replacing or repairing any damaged property.

Keep in mind that the 'sum insured' amount specified in the agreement is actually the maximum amount that the insurance company will be willing to pay out in case of any claims. Hence, this amount ought to cover replacement costs if required. It is a good idea to list all your possessions and evaluate their value. Here it is important to note that a good policy should offer replacement charges. In other words, contents should be valued on their current rates rather than their original cost.

Certain paraphernalia of student life can always be insured such as your laptop, the course fee and even the books. Your mode of personal transport like a car or bike should also be insured. Also of note here are the international students. They may also apply to protect their possessions while in England.

Students, like everybody else must get an insurance cover for belongings. Your few possessions are valuable to you. Hence, take care to protect them in case of accidents. If you are unsure of what needs insuring you can always give our experts a call and we will give you an honest and trusted opinion, so all you need worry about is that all important dissertation deadline.

Tags:
student insurance, home insurance, insurance cover, possessions, contents insurance, accidental damage
GETTING THE MOST FROM BEING A LANDLORD

Date:

Source:

21 May 2012

Wise Insurance

Once you have decided to let out your property, there are certain insurances that you must take out. While most of us do not realise the value of insuring our property and assets, an insurance cover can save us from severe financial losses later on. At Wise Insurance we believe that your property is an important investment and hence, it must be protected against any untoward incident.

Like most homeowners you can start with a homeowner's policy. It gives the homeowner the protection of various personal policies. This will include certain losses occurring to your home, the contents within, loss of other possessions, loss of its use and liability insurance that cover accidents at the premises. This type of policy is known as multiple-line insurance which include both property and liability coverage where a single premium is paid to cover the entire umbrella insurance.

The cost of the policy is based on rebuilding cost, which means that one pays premium on the cost of rebuilding the house and not the higher cost of the property. Additional items are then added to this cost. By installing proper alarm systems and other security measures such as fire sprinklers, you may be able to lower your premium amount.

However, people in the UK are increasingly going in for specialist landlord policies that cover the additional risks of being a landlord. There are some crucial elements that distinguish a landlord policy. In particular it gives them the protection of unoccupied property insurance. Most home insurance policies do not agree to claims if the property remains vacant beyond a certain number of days. This period is extended under a landlord policy.

This can give significant protection to landlords who are not able to let their property within the specified time. At Wise Insurance we have often guided our clients to select their unoccupied property insurance according to their specific needs. We also tailor our policies according to the needs of the client. Your property is a valuable investment and you must take care to insure it in the right manner. Call us today and we will help you find the best cover for you.

Tags:
landlord insurance, let property, homeowner policy, liability insurance, unoccupied property insurance
FACTORS TO CONSIDER WHEN INSURING YOUR HOME

Date:

Source:

16 May 2012

Wise Insurance

Although most of us take out insurance on our homes, few actually do it in the right manner. While insurance costs in the UK have been rising in the last few years, there are ways to bring down your cost.

Choose the right policy: When looking for the right policy do your research and get one that will lower the price and premiums further. See if you can get a no-claims discount. Build it up and you can get a significant reduction. So think twice before making your claim. If it is a case of some minor repair, use your own savings to pay up. You can also go for contents policy along with home insurance if you get a good deal on a combined insurance.

Water safe: Water damage is one of the most common reasons for claims on house insurance. Burst pipes can cause flooding and damage the house so start with insulating all of your pipes. This will hopefully stop the pipes from freezing over in winter. If you live in flood-risk area, follow the Environment Agency advice and keep you ears open for flood warnings.

Know the cost: Make sure that you pay the right cost for your home insurance. Most people put in the market value of their home, when it is the rebuild cost of the house that the insurer will actually pay up. The rebuild value is the total cost of material used, labour cost and any other amount needed to build it from scratch. This is often much lower than the market value of the house, which is the amount you will get if you were to sell your house.

Making your house safe: Ensuring that your house has all the right security features will bring down your premium. Insurers like houses that are safer against burglaries, fire and other disasters. Install fire alarms and fire sprinklers. Put strong locks on all the external doors and windows and make sure you have the best burglar alarms installed to protect your house. If you can get a NACOSS approved alarm system, even better. The safer your house is, the lower the premium you have to pay.

With a little research and attention to your house safety and security, you can bring down the cost of your insurance significantly. At Wise Insurance, we can guide you on these things and help you to find the right premium at the right price.

Tags:
home insurance, policy, premiums, reduction, damage, security
CARAVAN INSURANCE COVERAGE

Date:

Source:

25 February 2012

Mike Richardson

Our caravan insurance policy provides new for old cover for up to 10 years.

This means that should your caravan be completely destroyed or rendered beyond economic repair by an insured event, you will be provided with a brand new caravan of the same or equivalent make and model. However, the sum insured must be sufficient to purchase the replacement caravan at the time the policy is taken out and at each subsequent renewal.

It is therefore important to consider the sum insured on the policy at inception and each subsequent renewal.

If new for old cover does not apply then the insurers will only settle a claim based on the market value of the caravan at the time of the loss. Once again, if the caravan is insured on a market value basis it is also important to review the sum insured at inception and subsequent renewal to make sure you are only paying for the correct sum insured.

It is up to the policyholder to ascertain the correct sum insured. If in doubt you should contact a caravan dealer.

Tags:
caravan, insurance, policy, cover, replacement, renewal, market, value
IMPORTANT INFORMATION REGARDING MOTORING OFFENCES

Date:

Source:

24 February 2012

Mike Richardson

It is a common misconception that the majority of motoring offences are only valid for 3 years.

In fact, the majority of motoring offences are valid for 4 years. Furthermore, as far as the rehabilitation of offenders is concerned, the fine that accompanies the endorsement is valid for 5 years.

It is important that you disclose all motoring convictions you have received over the past 5 years at the start of a new motor insurance policy. It is also important to declare any motoring offences you have received during the policy year at the renewal.

Motor insurers are increasingly using the non-declaration of motoring offences as a valid reason for refusing a claim. Please also remember that more serious offences such as driving whilst under the influence of alcohol and/or drugs are valid for 11 years.

IF IN DOUBT, ALWAYS DECLARE THE OFFENCE

Tags:
motor, offences, valid, fine, endorsement, declare, conviction, insurance, offence
ALWAYS PUT THE PAINT IN THE BOOT!

Date:

Source:

21 February 2012

Adrian Forster

The people in the blue car had a 25-litre (5 gallon) bucket of paint on the back seat when they had the accident.

The ambulance driver would not let the female paramedic out of the ambulance because she couldn't stop laughing - he said it was not professional.

He treated the sad looking driver apparently, he was overcome with emulsion.

Tags:
paint, car, accident
WISE INSURANCE ASSISTS DARTFORD ROAD RUNNERS

Date:

Source:

20 February 2012

Mike Richardson

Dartford Road Runners are sponsored by Wise Insurance Services Limited. This sponsorship is worth 1000 per annum which is paid by Wise Insurance as part of the Les Witton 10 income. With all the problems the club has had lately with the Les Witton 10, Wise Insurance have come up with an idea to earn extra income for the club!

From now onwards all new policies taken out with Wise Insurance, where the client mentions Dartford Road Runners at inception of the policy, will earn Dartford Road Runners 5% new business premium. This will apply to anyone who mentions Dartford Road Runners and can be either members or friends or relatives of members.

A policy was recently taken out by a well known member of the club for buildings and contents. They were paying nearly 60 per month for 12 months with their existing Company. Wise Insurance found them a policy with better cover for 37 per month over 10 months thereby giving them an annual saving of 350. In addition as this was the first policy sold under this new scheme, the club earned 16.

Tags:
dartford, road, runners, sponsor, saving, scheme
THEFT OF HEATING OIL AND DIESEL

Date:

Source:

07 February 2012

Liverpool Victoria

Running parallel with rising oil prices has been a significant increase in the incidence of theft of heating oil and diesel from fixed surface tanks

The amount of fuel stolen and the methods employed vary, ranging from the decanting or siphoning into cans or drums, to pumping into bulk tanks mounted in or on criminals' vehicles.

In addition to the monetary loss of fuel, such attacks can also result in serious ground or water course pollution in circumstances where sight tube gauges or supply pipes are smashed or cut and the oil allowed to run free, often long after thieves have left the premises. In these situations, cleanup costs and possible action by the regulatory authorities can far exceed the value of the fuel stolen.

These thefts are not only committed in areas of high crime, but are also commonly perpetrated in less populated rural areas and on farms. Typically, there is no single solution to the problem.

An assessment of the security should be undertaken based on features including the value and quantity of the oil in store, the location of the tank and the presence, if any, of external perimeter security, general security protections for the premises as a whole, known loss experience for the area and the proximity of any nearby rivers or other water courses.

In circumstances where the risk is considered unfavourable, additional security protections/measures may be required based on one or more of the following:

  • Physical perimeter protection of the tank or the area in general
  • Security lighting and/or CCTV
  • Physical security of vent caps, inspection apertures, filling points, dispensing nozzles, etc. A range of products are available from specialist oil tank supply service companies
  • Physical security of oil supply pipework
  • Isolation of electric pump controls out of working hours
  • Removal of empty containers or drums from the area around the tank which could be used by opportunist thieves
  • Specialist tank alarm systems to detect lifting of the inspection cap or falling oil levels
Tags:
theft, heating, oil, fuel, vehicle, security, premises
WEATHER WARNING

Date:

Source:

30 January 2012

Ageas Insurance

As previously communicated, we have teamed up with UK weather and climate specialist WeatherNet, to provide you and your customers with a weather warning service.

This note is a warning of increasingly severe night time frosts across the UK this week, potentially leading to minimum of -7C or - 8C over much of central and Southern England by the weekend. Daytime maximum will also be particularly low, rising to barely above freezing from Thursday.

A free downloadable factsheet is available on http://www.ageas.co.uk/ (see 'Factsheets') with tips for loss prevention, including how to protect properties during periods of freezing weather.

For weather reports and consultancy please visit - http://www.weathernet.co.uk/.

Freeze and Escape of Water hints and tips:

  • If you leave your home or business unattended leave the heating on low
  • Know where the water shut-off valve (stopcock) is to isolate the supply in an emergency
  • Lag pipes in the loft
  • Lag outside water taps to prevent them freezing and pipes bursting
  • Check plumbing joints for leaks
  • Know where pipes run within walls before carrying out DIY work - tools to detect metal pipes are readily available
Tags:
weather, insurance, house, household, business
Follow us on Facebook Follow us on Twitter