Insuring Everything?

Insuring everything is possible but you will need to keep
a sense of proportion here for obvious reasons.


These tips will hopefully help you sort out the good from the not so good and where you are most likely to save when you set about insuring 'everything'.

For obvious reasons, we will not even attempt to cover 'everything'.

Here we cover a selection of more obvious items in this category. Others are covered elsewhere on this site.

You will need to exercise your own priorities.

If your 'everything' is not covered here, we can but apologize.

YOUR PET

When considering pets you should be aware that insurers often move the goal posts.

If you are frequently claiming or your pet’s medication/treatment becomes more expensive, it is not unknown for companies to refuse to cover the animal the following year.

Here it will pay you to do extensive research rather than find out, when you most need cover, that it has been removed.

Again, many of the ‘big boys’ have moved into this area, which should indicate to you how much money they are looking to make from you and your pet. If you go to Google you will find masses of web sites all vying for your business.

Amongst the front runners are Tesco, Sainsbury’s, Churchill, More Than, M & S, Argos etc. This list also includes Pet-Pals and Petplan.

Petplan say that your pet is covered for life, but it would be wise to check on this, i.e., how much will the premium increase by should the animal develop a long, on-going ailment.

What is the premium in such a case? If it is not shown you will need to add up how much this will cost you per year, etc. What are the disease/illness restrictions etc.

It is impossible to be insuring everything and the alternative is to make a monthly payment into a high interest bearing bank account opened for ‘Tiddles’ - this can be set up automatically with your bank or the Post Office. This side-steps the insurance companies.

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1. You will collect quite a considerable sum in this account if your pet is healthy or

2. It should more than adequately pay for any veterinary treatment your pet requires.

3. If you do open a special account for Tiddles, remember the amount will increase each month if you have a high interest Account. You may well not be able to call it Tiddles – but you get the drift. You will be making money here as well as saving money and in a way you will be insuring everything.

Again is it all a matter of risk. Remember insurance companies (and bookmakers) rarely, if ever loose money.

Some people take a dog from a dog pound/home, give it a good home and because of the chances that it is a cross breed, then this type of dog can be healthy and have no significant problems throughout its whole life. Again the law of averages comes into play here.

One lady with nine dogs of her own - all used for various tasks - search and rescue, gun dogs etc. received an average quotation of £400 per dog per annum. here is was impossible to insure everything so - No thank you. A 'dog' bank account was the preferred option

YOUR MOBILE PHONE(S)

Not a subject at the top of most 'to do' lists but well worth considering. On the insuring everything system, the latest phones are now becoming much sought after designer objects, and if you have a top-of-the-range model you may wish to consider taking out Insurance for this expensive piece of equipment.

Also odd things can happen. The following two incidents actually happened to the same lady. She is an ardent fan of this web site and suggested her wacky experiences should be included. Thank you Carolyn, N.C., U.S.A

She has had the need to call in her Mobile Phone Insurance on two separate occasions.

The first was when she accidentally dropped her 'phone down the loo.

The second time was when a stray cat, that had been hanging around the house was sitting on her lap. From the pong that wafted towards her, poor Carolyn knew she had been left a 'calling card' on her lap! She was wearing her dressing gown at the time, so instantly flung it into the washing machine with a dose of disinfectant for good measure.

Of course, in her hurry she had forgotten her mobile phone was in the dressing gown pocket!

Try not to laugh, but you can see she has every reason to be grateful to her way of insuring everything.

YOUR CAR(S)

Saving money is a known fact here. There are so many insurance companies offering cheap or cheaper policies which can be seen from the numerous price comparison sites. A car definitely comes under the insuring everything agenda - you cannot legally drive without it.

First of all the winner of the best TV advertisement award

Compare the Market Then take a look at

Moneysupermarket.com and select the car insurance page to compare over 100 leading brands. Then try

Gocompare.com

Insurance is a very lucrative market and very cut-throat because again many of the ‘big guns’ are now joining the fight.

The likes of Tesco, M & S, Saga, Virgin and Asda are all there joining the ranks of the old stagers such as Churchill and Direct Line.

If you do lot of travelling take a look at this page on the subject as it comes under the insuring everything category.

Don't even consider leaving home without adequate insurance

You will need to bear in mind that all insurance companies include a ‘haggle’ factor in their price. In other words they expect to be knocked down on their original figure, so take advantage of this. Saving money is your aim - don't forget it when you set about insuring everything!

The best plan of action is take on board the excellent tips that are given on this site, get three quotations from different companies, decide which one best suits your needs, and then try and haggle down the price to the best you can obtain.

Some companies such as the AA and Aviva run expensive TV advertising campaigns in an effort to convince you that they are superior and the best. Not always so! Ask yourself who is paying for these expensive campaigns? You. They are banging their own drum loudly in the hope of silencing the perhaps, more efficient smaller companies. They are also robbing you of the chances of saving money.

Also think twice before you insure via an agent. There is a chance that they will be adding their percentage to the bill, or taking a cut from the company itself. Either way, you are likely to be the loser.

Take a look at the pages listed below for good advice.

There may well be other items that come under the heading of insuring everything, but this is left to your own personal judgement regarding your own particular possessions - your life maybe?


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