Everyone dreams of owning their own home, mainly because most people realize that renting or leasing is just wasting money and if you buy your own house at least your payments are going towards something you own. There are also those that prefer renting, leasing, or even buying a condo because they do not want to be bothered with the time and effort that goes into owning their own home. When you rent, lease, or even buy a condo you have no worries because your landlord or maintenance man will take care of the upkeep of the house both inside and out, when you own a home this is not the case, so you either need to be very handy or have to be willing to pay a lot of money to have things taken care of properly.
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The Association of British Insurers (ABI) has declared that it is time to put the brakes on the legal costs “gravy train” that is costing UK consumers £2.7 million every day.
Calling for a “root and branch” reform of Britain’s civil litigation system and the high legal costs connected to personal injury claims, the Association highlights that:
Every day UK consumers are paying the legal profession £2.7 million through their motor insurance premiums.
An estimated 10% of every motor premium goes to the lawyers – this equates to an extra £41 a year on the cost of every motor insurance policy.
For every £1 paid in compensation to motor accident victims, an additional 87 pence is paid out in legal costs.
The Ass
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Standard of living often depends on the amount of money a person has to spend and invest. Many common activities that can improve one’s standard of living, such as going to college, starting a business, buying a home, traveling and buying a car, require a significant amount of financial resources. When high costs make a certain activity difficult to afford, it is considered a financial barrier.
Basics of Financial Barriers
Financial barriers can arise in many different contexts and affect individuals, families and businesses. You face a financial barrier any time you decide not to do something because of its cost.
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Next month the European Court of Justice will rule on whether or not it’s legal to consider gender when calculating insurance premiums. But is it really sexist that women pay less for cover than men? On March 1, a decision will be made in Europe about the legality of using gender to determine insurance premiums.
If the court decides that this is discriminatory and bans insurers from changing prices depending on the applicant’s gender, then this could cause huge changes in the car insurance market and women could see their premiums soar as a result.
The cost of being a man
It’s certainly true that men and women pay vastly different sums for the same cover.
Take, for example, two identical applications for car insurance, made through the moneysupermarket.com comparison tool.
A 28 year-old female who has been driving for five years, with a small 1.4 litre five-door vehicle, would be offered a best quote of £618.43 for comprehensive cover.
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New research from LV= suggests that staged car accidents are taking place in record high numbers.
Questioning motorists involved in accidents in the past two year, the insurer found that over one in 20 believed they had been a victim of a “crash-for-cash” scam, with “rear-ending” (when a fraudster brakes sharply causing the driver behind to hit them) the most common form of entrapment.
Other popular methods include signalling another driver to merge into traffic and then crashing into their vehicle (24%), or “side-swiping” other cars (17%).
In
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— admin @ 8:44 pm — 
February 16, 2011