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Standing under the right cover |
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29 October 2008 |
The number of mortgages approved for British homebuyers increased in September for the first time in more than a year according to Bank of England figures published today. But if you are on of the 'lucky' first-time buyers that qualified for a deal, that's not the end of your financial commitment. As soon as you have your mortgage under your belt, there are a whole host of insurances you will need to consider too. But what do they cover and do you really need them?
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Insurance cover for airline failure |
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14 September 2008 |
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Which travel insurance policies cover passengers for scheduled airline failure? In the wake of the failure of XL, Futura, Silverjet and several other airlines, leaving passengers stranded abroad, and other airlines forecast to go bust in the next 12 months, having SAFI (scheduled airline failure insurance) is going to be increasingly important for travellers' peace of mind when booking their holiday if they are booking flights themselves, rather than as part of a package holiday.
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The pitfalls of PPI |
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06 June 2008 |
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Payment Protection Insurance, or “PPI” as it is known, must have one of
the dirtiest names in the financial services business, after low-cost
endowment policies, for dodgy sales practices and general mis-selling.
Last week the Competition Commission published a report damning the way
PPI is sold, and said it is considering banning the sale of policies at
the same time that loans and credit cards are taken out by bank
customers.
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Smoking can damage your financial health |
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12 March 2008 |
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“You’re never alone with a Strand,” went the old cigarette commercial.
These days, smokers are almost always alone, as health conscious
colleagues move out of the range of their fumes. Since smoking in
public places was banned last July they could be breaking the law if
they light up in a public building or place of work.
Since the smoking ban was introduced it has also been illegal to smoke
in vehicles that are used to transport members of the public or, if
they are used by more than one person for work . This means it is
against the law for both drivers and passengers to light up in taxis
and private hire vehicles, even if the driver has no passengers.
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Be careful where you buy your travel insurance |
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16 February 2008 |
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When the sale of general insurance came under the supervision of the Financial Services Authority in January 2005, anyone buying cover directly from an insurer or via a broker could be confident that the sale had to comply with strict rules and regulations, and there were rights of redress if things went wrong.
However, a loophole was left in the rules: if you bought your insurance from a travel agent, as part of the travel package, the travel agent did not have the same obligations to the customer.
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