Lloyd's Syndicates

Llyod's Syndicates are the main underwriters of insurance risks in the London market. It would be wise to know the underwriters or those working in the syndicates to get cheap marine, life and property insurance.

I hear that liability insurance is big business.

Travel Insurance

Just back from the summer holiday and I have been cheated once again. While buying my package holiday, I blindly accepted the travel insurance optional extra which costs £21 for two people.

Little did I know that travel insurance for 5 days costs as little as £5 per person (as advertised on the tube). And for the price I paid, I should have received a years worth of insurance cover (not including extreme sports or unstable destinations)!

The lesson to be learnt is to always buy your insurance cover separately and shopping around online really does save money.

Ant n Dec take out insurance

Apparently, Ant and Dec off the TV have taken out insurance policies covering the death of each other. I am guessing that this is no ordinary life assurance policy as it would be absurd to think they were not already covered with their families being the beneficiaries.

It must have been a special policy underwritten by Lloyd's where if one of them dies, the other receives a payout equal to the loss of earnings as a result of the death.

I love Ant and Dec but there would be no chance for success if they went solo. I would even put my neck out there and say that people are only interested in their interaction with each other. Next we will see Louis Walsh and Mrs O insuring themselves in case Simon Cowell dies (or more likely, gets killed).

Phone Insurance

As reported on Gizmo News, the Sony Ericsson P990i is out and it is a phone that I am seriously considering.

The problem is that the phone has a retail price of £500 sim-free.

This poses the dilemma of whether to buy phone insurance or not. If I do opt for cover, it will have to be where the replacement is a brand new P990 or the cash equivalent.

I don't want none of that refurbished phone rubbish, that is not worth my monthly £7.99. People pay less than that for a £60,000 life assurance cover.

Plastic Surgery Insurance

I wonder if people who have plastic surgery have to or opt to buy insurance to cover themselves in case of problems.

Surely you would want to have a pot of reserves ready if something went wrong. And with such big money involved, maybe plastic surgeons should decide that they will not carry out procedures unless the victim/patient is insured; just like how mortgage providers do not let you borrow money unless you have non-payment/death insurance.

This plastic surgery insurance could be the next big thing. Britain is certainly catching up with America re Vanity Surgery and not a day goes by when I don't see a 60 year old on the tube with breasts as firm as dumbbells. I am sure Lloyd's of London will be very interested in this niche market.

Buildings Insurance

Are you like me?

Are you like the many out there who bought buildings insurance from your mortgage provider at the same time as taking out your mortgage and ended up paying over the odds for buildings insurance?

Well, for 5 years, I had been paying over 40 pounds for my buidlings insurance premium. I then found Tesco Insurance who were able to provide the same cover for just under 16 pounds a month. Needless to say, I cancelled my Direct Debit with Halifax and toasted to my 60% discount.

I am nwo going to review all my other insurance products such as car insurance, life assurance and annual travel insurance.