Property Insurance

Instead of simply looking at the overall price tag of auto insurance, vehicle owners should consider studying the six major components that insurers may use to help determine rates, as their driving lifestyle can have a major impact on policy costs.

Driving record may influence rates

Knowing that their policyholders are good drivers matters to car insurance companies, which is why an applicant’s driving history has a serious impact on rates. Motorists who have had multiple accidents or driving violations may have more expensive premiums, according to experts, while companies offer discounts to those with clean records.

Age may also have one of the biggest impacts on auto insurance rates.

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Home insurance premiums have risen at an average of 6% over the last twelve months says a report from moneysupermarket.com, recording a rise for a typical buildings and contents insurance from £142 to £151 per year.

While the rise is well above the annual inflation rate, it is nothing compared to the increases seen in motor insurance over recent months.

However, make hay while the sun shines as insurance companies have yet to factor in the cost of last winters freezing weather and the enormous amount of claims made over that period.

Fraudulent claims are again becoming a growing concern, something that always appears to increase during recessionary times. D

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Google has become the first company to test a new wireless electric vehicle charger that may be the next step in green energy technology, according to Wired magazine. 

Plugless Power

The charger was developed by the Virginia-based company Plugless Power and was installed in Google’s Mountain View headquarters in California, reported the magazine. The device replaces an electrical outlet with a charging pad that a vehicle can park over top of to recharge – however, as of now only specialty-built cars have the technology to use the wireless device.

The magazine said the pad system is based on a principle known as inductive charging, where an electrical transformer is split between the vehicle and the charger.

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In the last article in this series we had arrived at the seventeenth century after a whistle-stop tour of the continuous evolution of insurance across the last 7,000 years or so!

We had just discovered that what is generally regarded as the worlds first ever Insurance company – The Fire Office, was created from the ashes of the Great Fire of London and it is with the Fire Office that we shall continue our journey through the history of insurance.

The Fire Office was opened by Nicholas Barbon not long after the Great Fire had ravaged some 13,000 homes across the English capital. B

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If you are thinking about buying a home, or if you’ve already started the process, your mind is probably filled with thoughts about what you should be doing and worrying about whether you’ll get to move into your dream home.
These days buying a home can be troublesome, and there is a lot of paperwork involved in getting to the day of the big move. Home insurance, available from www.endsleigh.co.uk, is one area that many people aren’t clear about – is it compulsory? Does that mean it’s required by law or is it just recommended?

Home insurance can be split into two areas – buildings insurance and contents insurance. Buildings i Read more…

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