Motor or Car, Travel, Home and Life Insurance – Are you getting the best deals?

It never ceases to shock our financial advisors how many people actually are not aware that they may be able to get a better deal on their existing

  • car insurance
  • home insurance
  • life insurance

or for any insurances they may be paying premiums.

  • Insurance can be costly, but even more expensive if you choose the wrong product or type of cover.

For years, insurances of all types were mis-sold and nowadays it is correct to say that the insurance industry within the UK has been regulated and is monitored carefully by the respective authorities.

When you choose an insurance policy, it is not always clear which is your best option, therefore, the advice you get regarding the policies available is of paramount importance.  A broker with access to all different policies made available through many different insurers can be one option for you to buy your insurance, another could be to go direct to one insurer and this way you would cut out any middle man fees, the problem being you will only be advised on the policies that company can offer, there may be a better policy with another direct insurance supplier.

  • So what do you do?
  • Do you call all of them or use comparison sites such as moneysupermaket or gocompare or even comparethemarket?

We would recommend using what we call a comparison broker, this way you feel it is fair to pay a broker fee if the broker explains the different policies available and in turn helps you to come to a sound decision.

When in personaldebt, it can be most important to consider every option available within your means to reduce your outgoings; this includes things such as motor or car insurance, home insurance and life insurance etc. Sometimes you can be pleasantly surprised at the savings you can make just by changing insurance company.

The average domestic car or home insurance policy will usually run for about 1 year, and then it will be ready for renewal. The industry and insurance companies change their policies so frequently that when it comes around again for you to renew, the products available could be very different and far more attractive than your last policy, 12 months is a long time in the insurance industry.

Please remember to shop about for the best deal, it is not always the one that is easily found, these companies use clever and expensive marketing tactics and campaigns to generate an enquiry from you, make sure you know exactly who you are dealing with and who will be supplying the insurance.  For most people this information may sound basic but for many of us insurance is still an unknown but necessary evil!

For help and advice regarding any personal debt problems please contact our personal debt helpline in confidence using 0800 018 6868, our lines are open 24 hours a day and your call is free.

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A Debt Management Plan that Works

On December 5, 2009, in News, by Lewis Alexander
  • “A Debt Management Plan that actually worked, thank you so much”
  • “You did what you said you would, I am now debt free”
  • “It was a struggle but you gave me the support I needed”

The above are comments from within client testimonial letters, received by Lewis Alexander Financial Management.

We have been reading through some of the many letters and emails we receive from clients that have been using the services of a Lewis Alexander debt management plan.  The identity of the person has been changed to maintain their privacy of course and permission has been received from them to list the letter on our blog.

“I just wanted to write and let you know that since contacting your company I have been making progress with my life and my personal debt.  Before I contacted your team, I was going through a very difficult time, since I had never before been in any kind of financial arrears or personal debt but I found myself exasperated at circumstances with my work and the debt that I had built up due to compounding problems in my personal life.  I had done my research on quite a few companies and your company came up in my online searches, so I took the plunge and gave you a call on your free from a landline debt helpline.  That was a very difficult decision to make but I had realised that once I accepted my situation and that I had to accept my own part in the process, I had to take action and do something about it.  I wanted to let you know that it was probably the best decision I made.  You personally answered my call and put me at ease straight away and were very sympathetic to my predicament.  The mere fact that you listened to my debt problems and came up with solutions with regard to the debt management plan and the various paths that I could go down lifted a huge burden that I had been carrying around with me.  I know that it was affecting me and everyone around me.  Once you outlined what I needed to do and the details I needed to send to you so that you could work out what I could reasonably afford to pay and manage my debt, I felt like I could go out and get on with my life again.  The fact that you were also able to negotiate with my creditors with the repayment plan we came up with was a leap in helping me along and coping with the mountain of worry I had built up.  I had worries of the bailiffs and debt collectors turning up from the credit companies who I had not been able to pay and realised that had I not buried my head in the sand so to speak earlier, I would have been in a much better situation.  Once the debt management plan was in place, I was almost a different person. Knowing that I would be sending all the nasty letters received from my creditors directly to you to deal with every week and not worrying about it made a huge difference to my daily life.  May I thank you for at first helping me come to terms with my mounting personal debt problem, helping me to deal with the situation by talking to me when I needed someone to talk to about my concerns and finally, negotiating with my creditors for a reduction of interest and charges being applied to my accounts.  I would not have been able to do that on my own, regardless of my past business successes and knowledge!”

Allan – (Real Identity hidden due to data protection)

That was an extract of part of a letter we received after we accepted Allan as a client and we were able to help him deal with his debt worries and work out a solution for an affordable debt management plan.

Please be aware that we try to help people in these situations and no two people will have the same circumstances, we will advise the best way forward depending on the individuals current circumstance.

A debt management plan may be one of the options that we suggest for you. You must make the first move and contact our team, so that we can discuss your personal financial problems.

Lewis Alexander offer a first class national debt management service throughout the UK.  We are based in Manchester and have helped thousands of people in our history.  We have in house specialists who concentrate on debt management plans and personal loan consolidation and we have been looking after a great number of our clients for many years now.

Call Lewis Alexander using their personal debt helpline 0800 018 6868, lines are open 24 hours a day, 7 days a week and your call is free.

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