Summary:
It might be worth checking whether you are forking out for two different insurance ( loans ) policies that cover you for exactly the same thing. Selling duplicate insurance policies is, after all, how some companies make their money.

Insurance Are you covered and dont realise it?

Author: Bridget Carter

The West Yorkshire woman received chemotherapy treatment after diagnosis, but  Amanda became one of the unlucky ones. She had a bad reaction to the chemotherapy and because of this she was unable to work.

So when a tax bill arrived in the post for a large sum of money, ( life insurance policies ) re-mortgaging her house felt like the right thing to do. The building society with whom she had the mortgage asked her to bring along her life insurance papers to support the mortgage application.

But to Amandas surprise, what she thought was a life insurance policy was in fact critical illness insurance instead. She had been paying out £80 per month for two separate insurance policies with Scottish Provident and Norwich Union and had absolutely no idea that those two policies covered her for critical illness. (cheap loans)

As a result, Amanda claimed back a staggering £100,000, which paid not only the tax bill but her mortgage as well.

Many of us havent got a clue about the exact sum were paying on ( term assurance ) insurance each year or the details of what we are in fact covered for.  Not only are we shocked to find out that we are actually covered for more than we in fact realise, but that were doubling up by paying for various types of insurance that actually cover the same thing. (car insurance)

Youll find that its areas such as loss of income, legal expenses, theft and death which most often people wind up paying out twice for when there is no need - mainly because they havent carefully read the insurance policy or because it has been the case that some insurance has been put on to some policies as an added bonus.

In a recently released Financial Services Authority survey, it shows that car insurance policies also come with added extras like breakdown recovery and legal expense cover. Paying out for these added extras when you do not want them is an easy mistake to make, according to the survey, because you actually have to physically ring ( cheap mortgages ) the insurance firm and tell the staff that you do not want them before these options are removed from your agreement.

Click here for page 2 (medical insurance)