one essential you can't afford to
be without today
and 2009 has seen major changes in
the economies of countries worldwide.
future is still not looking to bright
countries have gone into recession
or are going into it and economists
predict a "rough" time ahead for a
a time like this many people have
to cut costs and unlike earlier recessions
there are more "essentials"
that they want to retain, for example
mobile phones, satellite/cable TV
and broadband internet access.
"essential" that can be overlooked
is their insurance policies.
insurance cover is mandatory under
the law of the country for example
motor vehicle insurance. If someone
has a mortgage the mortgage company
will usually insit as part of the
mortgage deed that Building Insurance
has to be taken.
types of insurance are also compulsory,
however if you are renting or letting
a property,going on holiday, are a
home owner, in business you need to
keep up the insurance payments.
you're not insured you could be risking
losing your belongings. You might
decide to stop your household insurance
/ contents and buildings.
What happens if there is burglary
at your property or a fire? No insurance
no insurance pay out.
companies have monthly payment schemes;
however always read the "small print"
if you stop paying the premium, the
cover usually stops. and therefore
no insurance payout.
cut back on insurance. You never know
when you might have to make a claim
and you should always make sure that
your hire car is properly insured
and you take out travel insurance.