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About Webmoney webmoney is an online financial services intermediary. webmoney can help you save money and make informed decisions on financial services products. They offer hints and tips on a wide range of products, with access to some exclusive offers, price promise and satisfaction guarantees on insurance products from names you trust. Comparison tables, calculators, downloads and their glossary will help you make the best choice.
Make sure you read their advice section and Hot Topics...it makes good reading.
Payment Protection Insurance
Webmoney’s product, payprotect, is designed to take care of your monthly outgoings in the event that you are unable to work due to an accident, sickness or redundancy.
Why Anyone Needs It
Most people don’t think twice to insure their car, TV etc but seem loath to insure their most precious asset, their ability to earn an income. Losing your income can become a reality due to an Accident, Sickness or Unemployment.
What would happen if you lost your income? Which bills would you be unable to pay – in particular do you have any credit agreements in place? The biggest is likely to be your mortgage.
It almost defies logic that people are prepared to risk being made homeless for the sake of a few pounds a week.
Don't Fall Into the Trap..Please take just a minute to think of the effect losing your home would have on you and your family! If you haven’t taken out Payment Protection insurance this could happen if you lose your income. Is it worth it? In reality this happens to thousands of families every year - having a devastating effect on their lives.
If you feel you've read enough and would like a quote for how much this type of cover might cost, then visit Webmoney.
Having your home repossessed for failing to make your mortgage payments has another "side effect". It impairs your credit rating - preventing you from obtaining credit in the future. Even if you have Mortgage Protection though, there are other bills which would be affected. For example: Gas, Electricity, Water, Telephone, Mobile phone, Rates etc. In fact, if you want to see how much it really costs you per month to live, why not go to their Budget Planner and tot it up – you’ll be shocked.
Accident, Sickness and Unemployment Insurance is one way to safeguard against it becoming an even bigger shock.
HOME INSURANCE
Webmoney’s home insurance product, homeprotect, includes price promise and satisfaction guarantees.
Most mortgage lenders will insist on you having building's insurance and inevitably, will also try to get you to take out their own, often expensive policies. By shopping around, you can typically save 30% on your monthly premiums. Contents insurance is often sold with buildings cover, but surprisingly, more than 25% of homeowners don't have it.
Research suggests these people are put off by the complexity of some policies. Whilst it may seem something of a minefield, it needn't be. Webmoney is here to help in two ways: Hints and tips on making sure you have the right type and level of cover, by showing you what to look out for. They aim to save you money by introducing an insurance broker who can offer very competitive rates.
Here are some of the highlights:
- What to look out for in a policy
- FREE Home Contents Audit
- Saving money
- Protect your property
- Environment Agency flood guidelines
Make sure you read their invaluable information.
TRAVEL INSURANCE
Webmoney’s travel insurance product, travelprotect, is one of the cheapest on the market and also includes price promise and satisfaction guarantees.
Some Useful Tips
Buying travel insurance online can mean you pay less than half the premium charged by your tour operator.
(1) It is not compulsory to buy travel insurance from your tour operator – if they claim you have to buy their insurance in order to qualify for discounted holidays, you should report them to your local trading standards office.
(2) If you go away on business trips regularly, make sure you are covered – many policies exclude business travel (webmoney's travelprotect policy covers business travel, but ask for the business cover option if you would like cover for business equipment).
(3) If you take out travel insurance as a couple, make sure you are covered if you travel independently of each other (webmoney's travelprotect policy covers all insured people together or independently).
(4) If you travel more than twice a year, it is probably cheaper, and definitely more convenient, to take out annual travel insurance.
(5) If you have children, family cover may be better value – but look out for the number of children allowed on the policy (if you choose family cover, webmoney's travelprotect policy covers 2 adults and all children living at home).
(6) If choosing Worldwide cover, make sure your policy includes the USA and Canada, if required (webmoney's travelprotect policy will cover you for the areas you specify, including the USA and Canada if requested).
(7) When claiming, most insurance companies require receipts to be produced for all items lost, damaged or stolen. (webmoney’s travelprotect policy does not require receipts to be produced but, if you replace items, ensure you retain the receipts).
PET INSURANCE
Webmoney’s product includes a special offer of 2 months discount per pet per year when insuring 2 or more pets.
You’ll find there are a surprising number of pet policies available today. Unfortunately, many owners find to their cost that the level of veterinary fees covered varies tremendously - and the cover they buy may not be the protection they expect. Webmoney have prepared a simple ‘check list’ to help guide pet lovers through the finer detail of the choices available.
Cover to last a lifetime
Most policies claim to offer life long cover – however, many have ways of limiting claims for older or chronically ill pets. Watch out for:-
(1) Limits on the time you can claim for on-going conditions
(2) Bespoke exclusions placed at renewal or bespoke premium loadings
(3) Congenital or hereditary conditions excluded - once diagnosed as such
(4) Reduced cover for older pets
(5) Renewal only offered at the ‘insurer or underwriter’s discretion’ – instead of guaranteed!
(6) If a policy limits cover in any of these ways, does it offer true, life long protection for your pet?
Chronic Problems
(1) Often it isn’t the single big bill that causes a problem. It’s those conditions that stay with a pet for life and require on-going medication and consultation, such as skin problems.
(2) Here, bills mount up over the years so it is important to check that your pet insurance:-
(3) Has a high maximum veterinary fees benefit sufficient to cover a chronic condition for the rest of your pet’s life
(4) Does not have a limit on the time for which you can claim for a chronic condition – many restrict eligible claims to 12 months from the onset of the problem
(5) Does not have a policy of placing bespoke exclusions at renewal
Older Pets
Just like you or I, general wear and tear, degenerative problems of advancing years and chronic conditions associated with middle and later life affect our pets. At this time you should be concentrating on the welfare of your pet and not worrying whether the insurance will pay.
Your insurer should:-
(1) Guarantee to always offer to renew your pet’s cover – watch out for policies that only offer ‘renewal at insurer or underwriter’s discretion’ – your pet could become too costly for them to continue to cover
(2) Offer the same level of veterinary cover for older and younger animals. Some limit claims for vets’ fees to accidents only, not illness - and of course its illness cover that is so important for the ‘pensioner’ pet.
Third Party Insurance for dog owners
(1) In law you may be held legally liable for the actions of your dog - but not, as yet, your cat.
(2) Most pet healthcare policies cover third party liability (TPL) for dog owners and the issue isn’t the amount of maximum benefit, but when and if an insurer will pay out.
(3) All but one or two companies avoid any liability if you have other third party insurance that covers your dog – for example your household policy terms may include TPL cover.
(4) Third party actions are traumatic enough – especially if they are against you. Choose an insurer that will assess and defend any claim brought against you, pay your legal fees, settle any judgement against you … and only then look to claim an equitable sum back from other relevant third party insurances you may have (that include your dog).
… and finally
(1) Reliable pet health insurance is becoming ever more important for today’s pet owner. Our parting advice is:-
(2) The younger your pet is when you start insuring them, the better
(3) Always read the terms and conditions and small print of any policy carefully
(4) All pet insurance certainly isn’t the same. You tend to get what you pay for, so shop with care – it is an increasingly important purchase and you need to make the right choice!
Apply for Payment Protection - Cheap Mortgage Payment Protection Cover From Webmoney. Full Protection From £1.46 per £100.
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