It’s a legal requirement for driving, so not optional, and there’s 3 main types of insurance:
Fully comprehensive – Insures yourself from injuries, your car and other drivers and their cars. Recommended for most drivers.
Third-party, fire and theft – This doesn’t insure yourself or your car, just other drivers and their cars (third parties), but also covers fire damage and if your car gets stolen.
Third-party – This is insuring just other drivers and their cars. You are not covered at all, even for fire damage or theft. This is the minimum legal requirement for driving.
Get quotes for all three types when searching for car insurance – you may be surprised which type is actually cheaper for you!
Protection for a home that you own. It covers you from structural damage, fires and floods and often for burglary and damage to the contents inside your home from accidents. It’s not a legal requirement, but almost all mortgage lenders require you to take out insurance on the home so they are protected too.
If you are renting, you don’t need this. Your landlord will have insurance for the building itself. However you will need contents insurance if you want to protect your belongings.
Protection for you and your family on your holidays abroad. It’s not just if you fall ill, or have an accident, but also if you lose your possessions, your flights are cancelled and if your accommodation has fallen through.
It’s hard to think about, but life insurance is protection for your loved ones after you pass away. It’s often used to help pay off the mortgage on your home and provide some financial support to your partner and children.
Vet bills are surprisingly expensive, and often not thought about when buying pets, but once they become part of the family you can look out for them too and cover any illnesses and injuries so they can be well looked after.
Whatever you think of you can probably insure! From watches and jewellery, to protection from hacking attempts, it’s all out there.