Take a Look FIRST!!

Insurance is one of the most essential financial tools you will need in all aspects of your life, yet it is a topic that many people overlook. Insurance can be boring as well as confusing, but it is important that you get the basics right so that you don't get caught out.

Always need more

When you are looking at which types of insurance you need, it is easy to overlook some things that you need insuring. If you can afford to insure something or be protected against something then it pays to do so. You usually need more insurance than you think, both in terms of types of insurance and levels of cover.

Don't pay too much

Although insurance is necessary, you don't want to pay too much for it. Insurance is only worth it at the right price. Paying too much for insurance will outweigh the advantages that it gives you. Always shop around for your insurance, and consult independent financial advice if you are unsure about which insurance package is right for you.

Look online

If you want information about insurance terms, prices, or lenders then the best place to look is online. Some of the best insurance deals can be had online, and using one website to compare prices is much more convenient than walking round your high street talking to different lenders. If you want to save time then look online for your insurance first.

What insurance do you need?

Obviously the type and amount of insurance you need really depends on your lifestyle and individual needs. However, there are a number of types of insurance that most people should
have or at least consider having. These include:

? Life insurance
? Vehicle insurance
? Property insurance
? Liability insurance
? Travel insurance
? Medical insurance

Obviously there are many other types of insurance, and if you have something that you want to protect then you will probably be able to get insurance for it.

Is insurance worth it?

Many people think that insurance is a waste of time because it costs them money and they never claim. This is a good thing, because you really don't want to have to claim on your insurance. Good insurance is essential, because it protects the things that we value most. If anything should happen to these items then we know we will be compensated for it or be able to replace it.

Insurance to avoid

As well as good insurance there are plenty of types of insurance that you should avoid. Never pay too much for your insurance or more than you think it is worth, because this defeats the point of the insurance policy. Also, don't sign anything that has strict limits on what you can claim for, making the policy almost worthless. Try and get a good level of cover at the right price, and before agreeing to anything check that the lender is reputable and that if you need to claim they will be able to compensate you.