Insurance in the United Kingdom

Insurance in the United Kingdom

The United Kingdom has formed a topic for discussion be it about the recent separation from EU vide the popularly known Brexit or it’s decision to relocate undocumented immigrants to Rwanda as their applications pend decision making. But, not so much is said about insurance cover in the UK yet it is such an important issue given that risks keep lurking around every other time.

The United Kingdom is a dream visit destination for most people across the world. The country has a rich history that is well etched in the global map which then gives the impression that its a heaven kind of a country. The truth of the matter is, the more rich a country is, the greater the risk of loss should a risk happen. Take for example, you own a Tesla, Bungalow, business et cetera . An accident or fire can wipe out all these and render you squalid.

This is what insurance cover in the UK means

As a United Kingdom resident, you need insurance from a car and health to life insurance. The world is normally full of risks and uncertainties. Also, people are usually exposed to various kinds of risks. Although it is impossible to prevent the events from taking place, it is important to take insurance to protect people from losses through offering compensation in the form of financial resources.

Furthermore, insurance is important as it offers security and safety to people. Through insurance, one can generate long-term financial resources. Also, insurance offers support to families in times of medical emergencies. Lastly, it is a good way of spreading the risk.

Health Insurance United Kingdom

Just like Portugal, the UK has both public and private healthcare systems. The UK’s National Health System (NHS) is funded through taxes instead of health insurance. Every region in the UK has an NHS body. The Department of Health oversees NHS. Besides, it is responsible for the commissioning of the primary services. These include pharmacists, dentists, as well as doctors.

In the United Kingdom, things have changed since it moved out of the EU. Still, nationals from the EU, as well as those outside EU, can get free NHS if they settle in the UK. Moreover, they can access NHS for free when they have an indefinite leave of remaining in the UK. However, they can get family planning services for free as well as emergency treatment when they are temporally residing in the UK.

As an Expat, to register for NHS, you have to fill out the GMS1 form. You need to have a valid ID like a passport. Also, you have to provide address proof, including a UK utility bill. Expats can also opt for private healthcare. Private healthcare is good since it offers fast access to specialists. Also, through it, one may avoid long wait times and provide better services in case of an urgent injury or illness.

Unemployment Insurance

The United Kingdom has a job seekers allowance. It helps the unemployed sustain themselves while searching for a job. For one to make a claim, you should confirm that you have been living in the UK for the past 3 months. You also have to make an application at Jobcentre Plus.

Before a decision is made on whether you are qualified, you must be interviewed. The interview helps them know the steps you are planning to take in getting a job. Also, through the interview, they get to know the way you may increase your chances of getting a job.  

Car Insurance in the United Kingdom

Are you planning to drive on the UK roads? Then the first thing that you should have is motor insurance. The legal minimum required in the country is third-party insurance. It means that you are covered when you cause an accident to another person, property, animal, or vehicle. Unfortunately, this insurance does not cover the costs linked to your vehicle.

Another type of insurance you can take in the UK is third-party theft and fire. The insurance has additional cover when your car is damaged by fire or stolen. Lastly, there is comprehensive insurance. The policy provides coverage to include your vehicle in case it gets damaged because of an accident. In case you have a car that you are not using, then you should apply for Statutory Off Road Notification.

Home Insurance

As a homeowner in the UK, it is important to protect your home. This is done by taking home insurance that comes in the form of building or contents insurance or both. The building insurance covers the costs of repairing a damaged structure that might have been caused by fire or water. The home insurance also covers fittings and fixtures. These include bathroom suites and fitted kitchens.

On the other hand, the contents insurance covers the contents of the house. Some even cover the content of your garden. Generally, it covers the items that are in your home, from electronics, clothing, and jewelry to furniture.

Life Insurance in the United Kingdom

As a resident of the United Kingdom, it is important to buy life insurance if you have children or a partner relying on you. As the breadwinner, life insurance can help your family in case you pass on. It can help them to fund their daily expenses as well as mortgage. Life insurance does not just provide coverage when one passes on; it can also indemnify you when diagnosed with a terminal illness. Although I know that life insurance may not be able to replace you after death, it can assist you during difficult times.

Travel Insurance

Are you planning to travel in or out of the UK? Then taking travel insurance will be the best decision. The insurance covers injury or damage caused by you. Also, it covers damaged, stolen, or lost items which include money, passports, and baggage.

In some cases, anything can happen, and you may want to cancel your trip. Do not worry, as the insurance covers cancellation as well as cutting short trips that are beyond one’s control. Moreover, the insurance covers personal injury and death, and medical emergencies. Also, travel insurance can cover delayed departure or missed transport for reasons which are beyond one’s control. The best places to purchase your travel insurance include holiday companies, banks, insurance companies, and travel agents.  

Pet Insurance in the United Kingdom

In the United Kingdom, pets are important members of several households. Besides, people highly love them. Unfortunately, if a pet becomes sick or gets injured, then one will have to spend hundreds or even thousands of pounds for treatment.

Therefore, to have peace of mind while enjoying your stay with your pet. Taking pet insurance saves you from spending so much money at the Veterinary. The insurance basically offers protection against the vet bills. Also, depending on the company, some cover pets abroad lost and found, farewell cover, and dental treatment.

Popular insurance companies in the United Kingdom

  • Sabre Insurance Company Limited
  • Miller Insurance Services LLP
  • Freeway UK Insurance Services Ltd
  • Norton Insurance Specialists
  • Allianz Global Corporate & Specialty SE
  • Sedgwick International Uk
  • AXA Insurance – Belfast Branch
  • Insurance2day Insurance Services Limited
  • Starr Insurance Companies
  • BGL Group