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Be Wiser Insurance Knowledge Base

Understand your Excess
Thursday 12th June 2014

Insurance is all about managing risk.  One aspect of risk management by the insurer is the application a policy excess to ensure the policyholder shares in any loss.


Is an Independent Insurance Broker Better Able to Deal With Your Insurance Requirements?
Monday 21st July 2014

There are over 34million registered vehicles and 25million homes in the UK, which means that at some point in the near future it will be that time of the year when you have to think about renewing your insurance.


How Car Insurance Groups are assessed
Thursday 12th June 2014
One of the most important rating factors in motor insurance is the car itself. There are thousands of different vehicle variations on the road and having so many vehicles to rate would be extremely complex. In order to simplify things the ‘ABI Group Rating Panel’ created a system of group ratings for vehicles which puts all of these cars into one of 50 groups according to the risk that they present to the insurance companies. This group system had previously been simpler – there were only 20 groups before this and have been as few as 7 groups in the distant past.

European Cover: The facts
Thursday 12th June 2014

Many of us consider driving our cars abroad, but do you really know what insurance cover you have when you drive through other countries?


Purpose and use of the Certificate of Motor InsurancePrimary
Thursday 12th June 2014

Of all the documentation issued by motor insurers, the Certificate of Motor Insurance stands alone as the most important document.  Its primary purpose is to provide evidence that at least the minimum level of insurance c


Whiplash Claims: The Cost
Thursday 12th June 2014

The largest cost to insurance companies is the cost of claims. Motor insurers have not made an underwriting profit (a profit on the actual insurance they sell) since 1994.


“Why Don’t Insurance Companies Just Share Data With Each Other?”
Monday 18th August 2014

It’s a question which is often asked by purchasers of insurance and one which doesn’t really have a definitive answer.


Passing Your Driving Test Can Be Costly
Monday 18th August 2014

We can all remember that wonderful moment when the driving examiner informs you that you have passed your test and you are now free to drive your car whenever and wherever you wish to.


What is a Crash for Cash Scam
Thursday 12th June 2014

Insurance fraud is very often seen as a victimless crime against a faceless corporation that is more than capable of paying out any amount of money.


What is a ‘Flash for Cash’ Scam?
Thursday 12th June 2014
This is a type of insurance fraud that is similar in nature to that of a ‘Crash for Cash’ Scam. It involves vehicles at a junction in the road.

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