How to buy insurance

How to buy insurance

Policies and prices vary from insurer to the insurer, so buy for the best coverage for your needs.

How to buy insurance

There are a number of ways to buy insurance. You can search for yourself information before buying a policy or consult professional advice if you are unsure of the type of coverage you need.

You can buy an insurance:

directly from an insurance company, online or by phone

Via a price comparison website that will compare the cost of the insurance product you want different insurance companies

Through an insurance broker via the British Insurance Broker Association (BIBA)

Thanks to a financial advisor through the Association of Professional Financial Advisors and / or unselected.co.uk, a complete website in which you can find a specialist, professional financial advisors

As part of another package, for example with a bank or account of the construction company

What to take into account when buying an insurance

What you need your policy to cover

What you do not need to cover. Do not pay for unnecessary extras that will increase the price of your premium. For example, if you buy automobile insurance, think if you need your policy to include a courtesy car coverage

What exclusions the policy could have

Who the police covers, your family or your loved ones

Shop for the best offer, but never buy price based on price alone - the cheapest policy may not cover all your needs

Make sure to answer all the insurer's questions honestly and the best of your knowledge - the information your insurers will be relevant to the strategy you buy. For example, for health insurance, inform your insurer only your complete medical history or automotive insurance, describe your complete driving history. If you do not know if information is relevant or not - including it. For more, see the Act respecting consumer insurance.

People in some situations (such as criminal convictions, a history of bankruptcy or a certain age) can find more difficult to find to access insurance, but they can usually find coverage through a specialized broker via Biba

If you are not sure of the type of product you need, go to the Consulting Money website (MAS) for more information. The MAS is an independent organization set up by the government to help people make the most of their money.

Make sure you buy a policy of a real insurance provider - for more information, see illegal insurance advisors

If you have a criminal conviction, see the unlocking information hub on insurance

After buying a policy

Read the terms and conditions of your policy

You should read the terms and conditions of your policy. They should be clear and easy to understand. If after reading your customized policy, you think the product you bought may not be good for you, or if you have any questions, contact your insurer immediately.

Cooling periods

When you buy the strategy, you will receive a cooling period that gives you a defined period of time in which you can cancel it, should you change your mind.

Insurance companies have a regulatory obligation to offer a 14 to 45 days cooling period, depending on the type of product you have purchased. You will find more information in your right to change your Mind document, which you will receive as part of your strategy documentation.