Know Your Own Worth: A Practical Insight Into Covering Up

Almost anything can be insured these days: breasts, legs, your goldfish, your mental health, physical health, your own life, your child's life. You can insure against the bad weather, good weather, political events?.

This week in Scotland, triathlon competitors were insured for £1 million in case they were injured by the Loch Ness monster according to the BBC?.life insurance perhaps? It would seem that recent rumours of Nessie seeking a more exotic meal of wild venison and exploring the loch shores have finally reached the corporate world. ( http://www.lochnesstooth.com/ )

But is Nessie the real monster in this, what other terrible creatures lie hidden in the complexity of insurance documents? The insurance small-print is usually the last thing most people take to bed to induce a soporific state and who could blame those opting for Dick Francis, Gilly Cooper or Joan Collins?

In terms of personal insurance, there are eight general areas of insurance in which the consumer should be interested:

* Buildings insurance

* Contents insurance

* Life insurance or life assurance

* Health insurance

* Family legal protection

* Pet insurance

* Travel insurance

* Car insurance

Buildings insurance covers your property against damage typically caused by fire, flood, subsidence damage, temporary accommodation and the cost of replacing broken or lost keys. External buildings in the vicinity of the insured property may also be covered, such as sheds and garages. The website, yourable.com which provides insurance information for disabled people, makes the statement that building insurance should be the bare minimum people take out, not only to protect the property, but to protect the mortgage.

Alongside buildings insurance, contents insurance should also be considered. Contents insurance is frequently packaged with buildings insurance and covers your furniture, equipment and personal belongings against fire, lightning, flooding, theft or vandalism. Accidental damage can be included, but may be sold as an optional extra.

Yourable.com advises that the three main priorities when taking out building (or content) insurance should be:

* To decide how much cover you want ? the more you want covered, the higher the cost.

* To decide what excess you're prepared to pay ? the site advises that in most cases, increasing the excess will reduce the premium

* To identify any particularly expensive single items in your home, including costly adaptations to the home

* To isolate any property which is regularly taken outdoors, as contents insurance may also protect bicycles, money and credit cards etc

Health / medical insurance typically covers private treatment for an operation or illness and may be extended to include specific circumstances or events such as specialist consultations and out-patient treatment like physiotherapy. Family legal protection may provide some financial assistance in the event of involvement in a court case. Such insurance normally covers contract disputes, personal injury claims, employment disputes and jury service. Pet insurance is often widely available for cats and dogs, though sometimes is less common for other animals, the cost of kennel and cattery fees are normally covered in pet insurance policies.

Travel insurance and the importance of shopping around for the best policy, has been widely publicised recently, with consumer website moneynet ( http://www.moneynet.co.uk/ ), in particular, urging consumers to shop around for the best deal, including undertaking some research online. Some of the high street players who offer travel insurance, such as Thomas Cook and Travelcare, levy premiums that are typically twice as expensive as purchasing cover online.

With regard to car insurance, there are three types of policy available: 3rd party, 3rd party (fire and theft) and comprehensive. Third Party is the most basic and will cover damage to third party property, usually with some protection for legal expenses. This compares to comprehensive, where additional protection is available for damage caused by theft, attempted theft, fire, lightning and other adverse weather conditions.

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For further information:

http://www.moneynet.co.uk/insurance/index.sht ml (Consumer information on life insurance, motor insurance, travel insurance, household insurance, student insurance and mortgage life insurance)

http://www.lochnesstooth.com/ (Some lighter reading post insurance homework)

http://www.cashzilla.co.uk/ (Some light hearted banter on personal finance issues)

http://www.youreable.com/TwoShare/getPage/09Money/Site/Introduction (Finance information for disabled people)

Rachel writes for the personal finance blog Cashzilla:

http://www.cashzilla.co.uk/

Cashzilla is a personalfinanosaurus and a source of personal finance wonder.

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Google News Updated : Fri, 05 Sep 2008 14:05:39 GMT McCain honors NH soldier in convention speech - Boston Globe BBC News McCain honors NH soldier in convention speech Boston Globe - 1 hour ago ST. PAUL, Minn.—In his speech to the Republican National Convention, presidential candidate John McCain paid tribute to a New Hampshire soldier killed in Iraq. Video: "Change is coming," McCain tells convention - 05 Sept 2008 AlJazeeraEnglish US media mixed on McCain speech BBC News Marin Independent-Journal - Memphis Commercial Appeal - Today's TMJ4 - Detroit Free Press all 1,008 news articles Publ.Date : Fri, 05 Sep 2008 12:43:54 GMT Partisan Reception Greets Palin as VP Pick - ABC News CTV.ca Partisan Reception Greets Palin as VP Pick ABC News - 2 hours ago Sarah Palin is receiving a highly partisan reception on the national political stage, with significant public doubts about her readiness to serve as president, yet majority approval of both her selection by John McCain and her willingness to join the ... Video: Joe Biden On Palin's Speech CBS Obama Camp Turns to Clinton to Counter Palin New York Times Boston Globe - AFP - Evening Bulletin - USA Today all 1,899 news articles Publ.Date : Fri, 05 Sep 2008 11:18:50 GMT Thai PM buys time with referendum plan - Reuters BBC News Thai PM buys time with referendum plan Reuters - 4 hours ago By Darren Schuettler BANGKOK (Reuters) - Prime Minister Samak Sundaravej has bought some time with a referendum aimed at defusing street protests, but it will do nothing to resolve Thailand's fundamental political conflict, analysts say. Video: Locking horns over politics in Thailand -- 05 September 2008 AlJazeeraEnglish ANALYSIS: Thai demonstration raises democracy issues Monsters and Critics.com AFP - Times Online - Aljazeera.net - Inter Press Service all 3,754 news articles Publ.Date : Fri, 05 Sep 2008 09:33:48 GMT So What If Sarah Palin Used a Speechwriter? - FOXNews BBC News So What If Sarah Palin Used a Speechwriter? FOXNews - 1 hour ago By Betsy Newmark Disdaining Sarah Palin’s speech last night because she had a speechwriter is one of the lamest criticisms of her performance last night. Video: Inside the Tent: Reactions to Sarah Palin's speech Part 4 ReutersVideo Panel Reviews Palin, Previews McCain RealClearPolitics Baltimore Sun - Detroit Free Press - New York Times - Los Angeles Times all 4,224 news articles Publ.Date : Fri, 05 Sep 2008 13:03:46 GMT Jobless rate soars to 6.1% - CNNMoney.com Macon Area Online Jobless rate soars to 6.1% CNNMoney.com - 59 minutes ago Unemployment surges to 5-year high as employers cut workers for eighth straight month, bringing '08 job losses to 605000. By Chris Isidore, CNNMoney. Unemployment Rate Hits 5-Year High As Economy Continues to Shed Jobs Wall Street Journal Unemployment Rate Rises to 6.1% New York Times TheStreet.com - Forex Pros - Reuters - RTT News all 36 news articles Publ.Date : Fri, 05 Sep 2008 13:05:45 GMT Haiti doubles hurricane death toll; US extends storm watches and ... - International Herald Tribune Boston Globe Haiti doubles hurricane death toll; US extends storm watches and ... International Herald Tribune - 51 minutes ago AP WILMINGTON, North Carolina: Tropical storm watches and warnings in the United States were extended from Georgia to areas just south of New York City on Friday as states along the Atlantic braced for Tropical Storm Hanna, which killed at least 137 ... Southeast states brace for Tropical Storm Hanna The Associated Press Hanna heads to Carolinas; Ike not far behind CNN International guardian.co.uk - StarNewsOnline.com - Greenville News - New York Times all 2,807 news articles Publ.Date : Fri, 05 Sep 2008 13:14:26 GMT State falling way behind No Child Left Behind - San Francisco Chronicle Modesto Bee State falling way behind No Child Left Behind San Francisco Chronicle - 6 hours ago California schools, required by the federal No Child Left Behind Act to lift more students over a higher academic hurdle this year, instead stumbled and slipped back, as nearly 1400 fewer schools met test-score targets. Only 48% of California high schools meet federal standards, even ... Los Angeles Times Middle schools lead county's API scores The Salinas Californian Visalia Times-Delta - Record-Searchlight - Modesto Bee - Register Pajaronian all 106 news articles Publ.Date : Fri, 05 Sep 2008 07:41:11 GMT Blogging Software RSS to HTML

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