The Association of British Insurers (ABI) has published new guidance on Extended Warranties, Guaranteed Asset Protection insurance and service contracts.
The Association is hopeful that insurers and retailers will do more to help consumers understand the benefits and exclusions of all three forms of insurance, once they have swatted up on the new Good Practice Guidance for Providers.
If you have booked a holiday to Egypt or another Middle Eastern country, then what are your travel rights? Is your travel insurance valid?
What has the foreign office said about travel to the region?
The foreign office has advised against all but essential travel to Cairo, Alexandria, Luxor and Suez. However, this advice does not currently extend to resorts in the Red Sea such as Sharm el-Sheikh, where hundreds of British holidaymakers tend to go. The FCO says these areas are “a very considerable distance from the affected areas and these resorts remain unaffected”.
I’m already in Egypt on holiday, what should I do?
Anyone who is already in Cairo, Alexandria, Luxor or Suez should speak to their tour operator or airline regarding their arrangements. Many
House-swapping as an alternative to the traditional family holiday looks set to take off this year, according to new research from Lloyds TSB Insurance.
A recent study suggests that 1.6 million Britons have arranged a house swap in 2011, twice the number estimated for 2010.
However, Lloyd’s suggests that proper planning is needed, particularly in the area of potential damage to property or possessions by the incomers.
Almost two-thirds of house-swappers questioned had run the risk of invalidating their home insurance policy by failing to tell their insurer about the exchange. <
Aon Risk Solutions, the global risk management business of Aon Corporation, provides comment on the situation unfolding in Egypt:
Beverley Marsden, Director of Aon Political Risks:
“From a Political Risk point of view it is too early to say whether the events in Egypt will lead to losses in the insurance market. Global confiscation policies may include Political Violence cover and rioting and looting may impact assets covered under such policies.
“We cannot advise at this stage on the extent to which this has happened. Shu
Your college student came home for the holidays, and wanted to take the car back to campus. Before you send you agree, here are a few things to consider.
Away at school auto insurance discount
If your child’s school is a significant distance from home, you could save money by keeping the car at home. Many auto insurance companies offer an “away at school” discount if a child rated on your policy is away at college. There are some distance restrictions; with my current insurance carrier the college has to be at least 120 miles away from home.
There’s no one-size-fits-all health insurance plan. Your needs should dictate your coverage. Here are a few questions you should ask yourself when shopping for health insurance:
If you usually don’t spend much on health care, you might be best served by a high-deductible plan with a health savings account, or HSA, for out-of-pocket costs.
A plan that offers special features, such as a flexible spending account, or FSA, or health savings account may be enticing.