Peter Brodnicki, chief executive of the Mortgage Advice Bureau (MAB) told delegates at its annual conference they must take advantage of one of the biggest growth areas in the market.

He said: “There are angles and opportunities to talk to clients about in this business. Think of clients that were sold to but didn’t take out any protection in the first place or those on joint policies that are maybe looking to split those and put into trusts – they will need someone to advise them.

“The European Union Gender Directive will see pricing become neutral for males and females at the end of next year. Again

Read more…

quick Young and new drivers are not experience drivers thus, once they drive in real on roads, they will cause accidents and cause property damage and lead to 3rd party physical injuries aside from damage caused for their own car and injuring them selves. There is a high probability with this thus, the risk of providing car insurance for young drivers insurance coverage increases simply because insurance claims will increase.

you need to Young and new drivers are usually thrilled when the sit driving and in the process, they drive fast and due to the reckless traveling, the chances of accidents increase significantly.

Read more…

Home insurance rates likely to go higher

Homeowners insurance premiums are starting to rise after tornadoes, hail, winds and lightning slammed U.S. insurance companies’ balance sheets throughout 2011.

Storms along the East Coast, tornadoes in the Southeast and in Joplin, Mo., and earthquakes in Japan and New Zealand wreaked havoc on insurance company finances, especially firms that might have too many policyholders in certain geographic areas, says Bob Skow, CEO of the Independent Insurance Agents of Iowa.

The numbers aren’t in yet, since renewals don’t all happen at one time, but Robert Hartwig, president of the Insurance Information Institute, says customers are starting to feel the cost of years of heavy losses, particularly in the Southeast and Midwest.

“We’ve had record losses for four straight years,” he said. “My sense i Read more…

Do You Know Where Your Passport Is?

According to recent research, many young people have no idea where their passport is. The Identity and Passport Service says many students and young people are risking the safety of their passport, and other important documents like travel insurance policies, with careless handling. Losing a passport close to your vacation could result in you needing to use your trip cancellation insurance.

According to the survey, only half of the young people knew the location of their passport without having to look for it. Two thirds of the young people could not say, without checking their passport, when it was due for renewal.

Nearly half the youngsters said they didn’t keep their passport in a safe place or locked away. M

Read more…