|
The material on this website is for information only
and is not intended as any recommendation or endorsement of any products or companies mentioned. We are not licensed by the FSA to give financial advice, and none of the material on this website constitutes or is intended to constitute financial ...
|
|
|
|
News
A leading debt management company is reporting a rise in the numbers of its customers who cite loss of sleep as a direct result of debt anxiety as a major catalyst for contacting the company for help.
Annual average household expenditure is estimated to be £35,978. The corresponding figure for a household where the main occupant is 65 – 74 is £23,711 and £15,139 where they are aged 75 and over
A third of workers are more likely to go into work ill because of the economic downturn, a survey reveals. The study of 1,600, found that 30 per cent of workers are now more inclined to go to work sick as a result of the current economic climate. Around half of those choosing to turn up for duty while sick said the most important factor in their decision was job security.
With the recent Macmillan study showing cancer sufferers and their families are 20 times more likely to ask for help about financial issues, than about death and dying, Chartis Direct reports increased interest in its unique cancer insurance products WellWoman and CancerCare, which give cash payouts on diagnosis of cancer. Edition 23 24-07-2011
Hi, I’m Atul Srivastava. Welcome to Eco News! This is where I’ll give you news, reviews and video links to help you save your wallet and the world. If you’d like to be interviewed for a promotional video, email: atul@ecoexpert.tv |
|
|
|
Have you met...
|
|
|
|
You can insure against the falling value of your new car
The average car will have lost around 60% of its value by the end of its third year.07-07-2009
Confused.com has launched a market-first car ‘gap’ insurance product that provides protection to drivers from the falling values of cars. The ‘Car Depreciation’ insurance policy to bridges the difference between a typical comprehensive insurance policy ‘pay-out’ and the value of the car from the day the insurance is purchased. In the event of a write-off or theft, most insurers are only obligated to pay-out on the market-value of the car on the day of the incident - a potential roadblock for replacing the vehicle.
• Example - 1st July 2009 car valued at £10k. 1st July 2010 car stolen and valued at £8k, insurer will only pay out £8k. Car Depreciation insurance will cover the £2k difference.
• Not just restricted to new cars, the car can have been owned for up to 7 years.
Will Thomas, head of motor insurance, at Confused.com, said: “Most people know that new cars drop in value as soon as they’re driven off the forecourt. While the value they lose is sometimes exaggerated, depreciation is more than an urban legend, with some cars dropping up to 60% of their value by the end of its first three years. This means that if a driver’s car is a write off or stolen, they may only receive £4,000 despite paying £10,000 for it only a few years previously. This could be very disappointing for the owner and prohibit the purchase of a new car. However, if the owner has a Car Depreciation insurance policy, they will receive the difference between those two sums.”
|
|
|
|
|
|
|
