Insurance is a means of protection against financial loss. There are many different types of insurance available. In this article, you will find more information about insurance, different types of insurance, and how to find the cheapest insurance option for you.
What is insurance?
Insurance is a means of protection against financial loss. It involves a contract, or insurance policy, between the client (which is you) and an insurance entity to provide compensation in the event of a covered loss. The insurance policy will come at a small cost or payment transaction by the client to the insurance entity to ensure coverage.
Insurance varies depending upon man factors, such as the type of insurance, location and age.
What is an insurance number?
The insurance number is used by the United Kingdom for administrating the national insurance system. It is also used for some purposes in the UK tax system.
What is an insurance check?
Have you ever asked yourself, “Is my car insured?” As a driver in the UK, it is illegal to drive without insurance. An insurance check can validate if your car is either insured or not insured.
To run an insurance check, go to the Motor Insurer’s Database (MID) and enter your vehicle’s registration number. The service holds insurance information for all vehicles currently insured in the UK.
Car insurance
Car insurance is an insurance for cars and according to Wikipedia, its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from there.
Read more about car insurance here.
Van insurance
Van insurance is an insurance for vans and according to Wikipedia, is primarily used to provide financial protection against damage or bodily injury resulting from traffic collisions, and against liability that could also arise from there. If there will be multiple drivers, any driver insurance will be needed for full coverage.
Read more about van insurance here.
Travel insurance
A travel insurance is an insurance that covers things like medical expenses, baggage, cancellation, liability and accidents while you are travelling.
There are many different types of travel insurances. Some only covers the basics, such as medical expenses and liability – whereas others cover all possible unlucky events while travelling.
Read more about travel insurance here.
Cheap insurance: Compare quotes and the market
The easiest way to get cheap insurance is to use one of the many online comparing services. We have listed some of the major players below:
Insurance at Moneysupermarket
At Moneysupermaket, you can easily compare and find a cheap car insurance.
Read more: Moneysupermarket
Insurance at Gocompare
Gocompare is price comparison platform for insurance, travel and other products.
Read more: Gocompare
Insurance at Confused
Confused is price comparison platform for insurance.
Read more: Confused
References
https://en.wikipedia.org/wiki/Insurance
https://en.wikipedia.org/wiki/National_Insurance_number
https://en.wikipedia.org/wiki/Vehicle_insurance
