So you want to know about Insurance

This website is a layman's practical guide to his own insurance. Much of it deals with practical advice on the many problems he may face, what he should look for and what he should avoid. Readers will want to reach their own conclusions on what insurance they need as well as to be sure that they are spending money wisely on the right amount and the right types of insurance.

Throughout the website they will find comparisons, suggestions and illustrations, together with many worked examples for specific cases. While the figures given for premium rates and cover are realistic estimates, these vary between insurers and according to special circumstances.

Similarly, legislation and rates of tax are liable to change from time to time. The examples in the website should be used only as a guide check that the figures in the website are still up to date before you do any sums on your own.

The following statistics will give an idea of some of the risks that most of us run in Britain. Taken individually, the different risks may seem unimportant, but taken together (as they should be) the need for insurance protection becomes clearer.

Official figures show that, in 2011, with more than 15 million vehicles on the roads in Britain, there were 352,000 casualties (about a 1.4% risk of one casualty per car per year), about 7,700 people being killed and 91,000 seriously injured. In addition, 168,000 motor vehicles were notified to the police as having been stolen or taken without authority. Altogether i million indictable offences relating to burglary, theft and fraud were known to the police in the same year.

These included more than 200,000 burglaries in dwellings (representing about a 1 % risk of your home being burgled during the year), nearly 250,000 burglaries in other buildings, 200,000 thefts from vehicles, 120,000 cases of shoplifting and 84,000 frauds. Fire damage in the UK has been estimated at more than million it month, and this is a figure which does not take into account the additional loss to the economy caused by subsequent disruptions of business, loss of production or loss of exports.


About Insurance in General

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This website is a layman's practical guide to his own insurance. Much of it deals with practical advice on the many problems he may face, what he should look for and what he should avoid. Readers will want to reach their own conclusions on what insurance they need as well as to be sure that they are spending money wisely on the right amount and the right types of insurance.
Throughout the website they will find comparisons, suggestions and illustrations, together with many worked examples for specific cases. While the figures given for premium rates and cover are realistic estimates, these vary... see: More on Insurance