Since the recent changes to the national pension system in April 2015, there has been a worrying rise in the number of ‘pension liberation’ scams. Using the guise of an early pension release scheme, these fraudulent companies encourage individuals to withdraw money from their pension funds before they turn 55. [Read more…]

Do you rent a home or a flat? Chances are, if you are a renter, all of the furnishings and belongings in your home or flat belong to you. Generally, when a flat or home is rented furnished, the owner will have insurance coverage in place for the furnishings that are included with the rental. The stationary fixtures, such as flooring, cabinetry and appliances will be covered under the policy of the owner. Any items you bring into the home or flat will need to be covered under a separate insurance policy that you’ve secured on your own. This policy will be separate from the owner’s policy. All of your furnishings, entire wardrobe and jewellery will need to be covered under this policy. These insurance policies are referred to as renter’s insurance. If you’ve spent years accumulating furnishings and apparel, the cost of a renter’s insurance policy will be nominal in comparison. [Read more…]

The business of insurance is one of chance. People that set the premiums for insurance companies would make great gamblers. They could use their odds of something happening in the real world and apply it to the chances of winning something if they wanted to bet. Mathematicians have already worked out the odds of a Powerball Lottery win at 41,000,000 to 1. The strange thing about that is if the first division prize is more than £41,000,000, isn’t it worth spending that amount to win? The big problem there is if there are multiple winners. Oops! [Read more…]

Nowadays it seems like there’s insurance for absolutely everything, from the mundane but essential home insurance to the weird and specific insurance types against zombie apocalypses and much more. Some say insurance is a gamble and with the strange types available such as death by falling coconut, it can seem that way. [Read more…]