Insurance How much is too much?

Insurance How much is too much?

It seems that insurance can be purchased for almost any possible device or eventual event. In the news, celebrities assure the body parts that they are known for, while the latest game consoles, computers, and even watches are subject to extended warranty agreements, designed to allow the buyer to share even more of their earned money.

Celebrities who insure their bodies or the sum of their parts are nothing new. In fact, celebrity insurance can be traced back to the 1920s when the translucent silent movie star Ben Turpin ensured 20,000 against them crushed. Other famous celebrity insurance includes Marlene Dietrichs 1 million insurance of her voice, Dolly Partons 600 000 breast insurance and Ken Dodds 4 million to his teeth Bette Davis even insured against weight gain of 28,000. but all this pales in comparison to the Lord of the Dance star Michael Flatleys 25 million insurance of his leg

But for the vast majority of people there is a need for such extravagant insurance coverage, but there are still many types of insurance available, making it difficult to know what is necessary and what is not.

When you try to investigate what insurance you need, its a good idea to start with those required by law. For the public, only car insurance is a legal requirement for drivers in the UK. So if you are planning to get to the open road, or is it already on it, then car insurance is not just a choice but a necessity. You can expect to get big fines, and even imprisonment if you get driving without car insurance. In addition, car insurance is required when taxing your vehicle.

While home insurance is not a legal requirement, many mortgage loans will require you to have building insurance before they will consider any home loan. But just because its not a legal requirement does not mean its unnecessary. Home insurance is available as two separate products building insurance and content insurance and each can be purchased separately, although most insurers now offer discounts when both are bought together. As the name suggests, building insurance protects the houses structural elements, while content insurance protects your belongings.

If you travel regularly, travel insurance may be a replacement. Although it is not a legal requirement, it can cover all costs incurred during the trip, especially outside of the UK, where you would be expected to pay for any treatment you receive in an accident. In addition, travel insurance can help ease the loss of your luggage, flight delays or if you lose your currency or credit card. There are many travel insurance available from family tires on a single trip to annual policies covering unlimited travel, while special policies are also available for things not covered by normal agreements, such as ski equipment.

How would your family do if you would ever be involved in an accident that would prevent you from working, or worse, killing you? A life insurance policy can insure these events by paying a lump sum, which can help ward off any financial difficulties. Life insurance is often linked to a mortgage because it is usually the biggest expense that a family will need to deal with, and even though singles and couples without children may not need life insurance, it should be considered by families with children.

If you have pets, pet insurance can be an idea. Given that veterinary treatment can cost more than 1,000 to repair a dogs broken bones, animal insurance can help alleviate the financial burden associated with treating sick or injured family animals.

But while there are no doubt there are insurance that takes into account there are also those who many can safely live without For example, while many people grab and murmuring about NHS waiting lists, the fact is that the case is paid for NHS with public taxes and the treatment is free. In view of the large waiting list for treatment, there is now a market for private health insurance that can be used to circumvent the NHS queues and get treatment faster. But private health insurance can be expensive, and not every disease is covered.

Consumer goods have not been avoided from the insurance supplement, and now everything from clocks to mobile phones can be insured against loss or damage. But in many cases the insurance can cost you almost as much as the cost of buying the item in the first place In addition, most of the items are likely to be covered by a good home insurance. However, there may be some precautions, such as businessmens tools or musical instruments that can benefit from a specialized policy, so be sure to check with di

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