What Insurances Do We All Have?

[delboyuk2005uk]

I am moving into my new house later this month, and am wondering whats inurances are the most popular to have

I am looking to get life and criticall illness cover

and

also either income protection or mortgage protection.

what does everyone have and who do you recommend

[Woodywizz]

I have Buildings and Contents (Liverpool Victoria), Life Cover (Scottish Widows,Standard Life and RBS) and Critical Illness (RBS).

[delboyuk2005uk]

cool, no income or mortgage protection for you

[geomuss]

I have insurance for my insurance, just incase my insurance does not do what insurance is supposed to.

you know what insurance is like!

[Woodywizz]

Originally Posted by delboyuk2005uk

cool, no income or mortgage protection for you

I am a Private Bank Manager Delboy, and you would be amazed at the amount of clients I come across who have absolutely no life cover, no illness cover, and certainly no income or mortgage protection. I have clients with £750k+ mortgages who have no life cover, earn circa £10k net per month, and do not care a jot that they are woefully under-insured.

[LFC_SL]

None

*Looks at precious DVDs*

[Squiffy]

I have buildings / contents (Marks & Spencers), mortgage insurance (general accident / aviva), life insurance (lloyds tsb), critical illness (employer), accident insurance (employer), ppp cover (employer) and annual travel insurance (employer).

Personally I don't see the value in income protection insurance. Unless you pay a ridiculous premium, by the time you qualified for payment you'd have another job. And if you were paying the ridiculous premium you would probably be better putting that in savings as a safety net....

[delboyuk2005uk]

yes am looking to get home insurance and life and critical illness they are essential.

anybody know of anyone who do good deals?

I think ill get income or mortgage protection of accident and sickness

[KillerOfThreads]

Home (building and contents) Would not be without either.

No illness, life cover, income cover. (Personel reasons why i don't need/can't have)

No mortgage anymore, thank god.

[jimbobaggins]

If you go to www.quidco.com you can get cashback on lots of insurance.

My house insurance (buildings and contents) ended up at £81 this year after cashback.

Car insurance from Direct Line cost £125 after cashback too. Fully comp no excess as well with protected no claims.

[RMCF]

Is it not compulsory to have life cover if you have a mortgage?

Added to that I have:

Critical Illness, sickness and unemployment
Buildings and contents for my house
Car insurance
Health insurance

The only one I have claimed on over the last 7 years is health. So I hate it when the insurance companies moan about not making money.

Think how many people have insurance out there and never claim.

[dan1979]

Originally Posted by RMCF

Is it not compulsory to have life cover if you have a mortgage?

Pretty sure it's not, the only compulsory insurance is buildings as you won't get a mortgage without it; you could cancel it straight after getting the mortgage though.


I had payment protection insurance but ditched it saving £40 per month, on reflection it was money down the drain because other policies covered the health side of things so I was just paying that purely for an if I lost my job situation which fortunately for me wouldn't cause too much of an issue.

[krish]

just B&C for me ... haven't bothered with pp or critical illness, as I personally see it as a rip off and have funds set aside just in case for a couple of years repayments

[Singh400]

Originally Posted by woodywizz

I have Buildings and Contents (Liverpool Victoria), Life Cover (Scottish Widows,Standard Life and RBS) and Critical Illness (RBS).

Why is it spread across like that? Wouldn't it be easier just to go to one company and get all of thoses? Or did you get offered better deals etc etc.

[unique]

i have buildings and contents, and my job gives me illness and death in service protection, illness covering 90% of pay until i retire

i didn't take out mortgage insurance as i know i can get another job, even if it's getting minimum wage in tesco to pay the bills, and as it only usually covers you for a year, and there is no way i would go for longer than a couple of months without a job, if i didn't get something reasonable in a month or so i'd take any job to get an income and then look for something better

and i don't use credit card insurance as thats another scam, it doesn't automatically kick in and pay your bills, you have to keep paying your bills as normal, and then make a claim from a seperate insurance company. again it normally only lasts a year and you have to be off work for over a month to make a claim

with my av gear, cds, dvds, etc, i wouldn't go without contents insurance. it's only about £10 a month for £50k of cover. thats the price of a chinese takeaway per month, or a couple of cheap bottles of wine. you never know when your neighbors gas boiler might blow up, or they fall asleep smoking