How to Get Insurance in the UK

how to get insurance in the uk
by shieldwise

You’ll have to consider how to get insurance at several stages or on numerous occasions. To put things in perspective, you’ll have to learn about how to get insurance. You’ll want to know this especially when you’re about to buy a home.

Additionally, you’ll have to think about how to get the best insurance deal. When you purchase a car, travel abroad, or get married this is a great thing to know.

You’ll have to seriously mull over how to get insurance in many spheres of your life. So how to get the best experience, home, healthcare, or car insurance is not an option but inevitably a necessity.

And how do you go about choosing an insurance policy that works for you? Regardless of whether you’re insuring your health or home?

For instance, if you’re considering how to get the best life insurance policy. You’ll have to take specific aspects into consideration. For a start, you’ll have to decide whether to purchase a policy directly from the insurance provider or via an agent.

After that, you’ll need to make up your mind on the term. You can opt for term life, whole life, or variable life insurance policy.

Of course, you’ll also need to look at other factors such as providing relevant information for getting quotes.

This includes how to apply, and so on. In this article on how to get insurance in the UK, we’ll walk you through everything you need to know. Including what to assess before purchasing an insurance policy.

Where can you buy insurance?

There are many ways of purchasing or getting an insurance policy in the UK, for all of the products you intend to cover. You can buy insurance:

  • From an insurance broker or agent
  • Directly from an insurance firm or company through their respective website or by making a phone call
  • Via a bank account or a club membership subscription which comes with a standardized package
  • From a website that lists professional and specialist financial advisers such as the AFPA (Association of Professional Financial Advisers)
  • Through a website that compares and contrasts features and prices of different policies offered by various insurance providers

As you can see, you can get insurance for yourself from several sources. You can get in touch with a financial adviser or an insurance agent who can advise you on the policy that’ll best fit your needs.

On the other hand, you can search online with the keywords “how to get insurance in the UK” for complete details before selecting a policy.

Additionally, you can consult your near and dear ones who’ve already bought a plan for having a clear idea about a policy that’ll be suitable for you.

How to get insurance from an insurance agent

One of the best and safest ways of getting insurance in the UK is through an agent, broker, or financial adviser. While many agents and brokers promote the instruments of the insurance company that employs them, a good number of them work as freelancers.

In other words, the freelancing agents offer products of different insurance providers and therefore provide you with a variety of options.

So you’re better off consulting an independent insurance broker or agent as they offer you the leeway of choosing from a suite of providers. Moreover, since a freelance broker works independently instead of representing a particular firm, they’ll provide you with unbiased and impartial suggestions.

There are several benefits of consulting with an independent agent or broker when it comes to buying insurance that works for you like:

  • You get help in choosing a policy that is perfect for you (freelancers have the pros and cons of policies offered by different providers on their fingertips)
  •  Insurance providers sometimes make it mandatory to buy a policy with unique feature exclusively from a broker via the intermediary market
  • Many independent brokers compare a range of policies on your behalf (to establish which one will be most appropriate) without charging a fee for the service
  • Considerable savings in time and effort as the broker does the work for you

How to get insurance in the directly from a provider

Several insurance providers and companies throughout the UK provide coverage for almost everything you can think of. Insurance firms in the UK provide a protection plan for your home, car, pet, jewelry, and nearly everything under the sun. Many insurers allow you to purchase a policy directly from them.

Regardless of whether you’ve bought a policy directly from the company or through an agent, it is the insurer that owns the product. In other words, it is your insurance provider you’ll have to deal with for filing a claim or resolving an issue or dispute.

Remember, when you’re dealing directly with an insurance provider, you won’t have the privilege of different policies being reviewed for your convenience.

Additionally, even an agent representing the company may not be in a position to compare services of other provides to their employer’s policies.     

Considerations before buying a policy

  • What exactly do you want the insurance policy to cover and what don’t you want? Make sure you are not paying for needless extras that increase your premium.
  • The extent of the coverage, i.e., the maximum reimbursement you’ll get after allowing for the deductible
  • Exclusions related to the policy (if any)
  • Does the policy cover only you or your family as well?
  • Bear in mind that the cheapest product is not necessarily (and rarely) the best one
  • You’ll find it challenging to buy a policy if you’re elderly, bankrupt or have a criminal background; in such a scenario you can check out a specialist agent
  • Consider relevant and authentic information about the policy offered by the insurance provider
  • Always ensure to check the background of the agent before buying a policy from the professional. Additionally, make sure the insurance company is authorized to conduct business.

After you’ve bought a policy

Once you’ve purchased a policy from an approved insurance provider, go through the fine print of the document. Make sure the text is legible and easy to comprehend. If you’ve doubts about the policy or specific terms and conditions are not to your liking, contact the company right away.

Your insurer is obliged to provide you a cooling-off period. This usually varies from 14 to 45 days based on the policy type. So you’ve enough time to make up your mind on whether to keep the insurance policy or to cancel it.

Remember that if you want to cancel the service, you’ll have to inform your insurer. Usually, you have to tell them before the expiry of the cooling-off period.

Find a great deal on your next insurance

Whatever term suits your budget we can help you find a solution. ShieldWise can match you with a local provider that knows how to help you find the best insurance deals! Get pre-approved today.

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Categories: Insurance Tips
Tags: How To