Popular TV shows such as X Factor and Strictly Come Dancing have made sofa-lising’ (where friends and family get together for home based social gatherings) all the rage, says Halifax Home Insurance .

Today over a third of adults say they drink at home before going out in order to save money (39 per cent) and a similar number ditch going out altogether in favour of sofa-lising’ on Saturday nights instead (34 per cent). However, with accidents such as wine spillages on carpet (18 per cent) and drinks spilt on electricals (9 per cent) a common occurrence at these functions, the insurer advises people to be careful when having friends over. Full post…

Aon Benfield has announced that it is working alongside Guy Carpenter and Willis Re to bring together and manage a new re/insurance consortium for sudden oil spills in US waters.

With SOSCover, the group aims to provide higher liability limits that will be accessible to all energy retail brokers, on behalf of their clients.

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The Association of British Insurers (ABI) has announced that the use of winter tyres on commercial vehicles will not invalidate the vehicle’s road risks insurance .

The situation has been clarified by the ABI following a radio interview last week when an AA spokesman indicated that there was concern surrounding the fitting of winter tyres with a speed rating lower than the standard specification which might invalidate any van insurance policy in place.

An ABI spokesman said: “Fitting snow tyres wouldn’t be considered a material modification that would impact on the premium, so insurers would not expect to be notified that they had been fitted. Full post…

Aggregate deductible, straight deductible and others.

The following deductibles are commonly found in property insurance contracts:

• Straight deductible

• Aggregate deductible

Straight Deductible

With a straight deductible, the insured must pay a certain number of dollars of loss before the insurer is required to make a payment. Such a deductible typically applies to each loss. An example can be found in automobile collision insurance.

For instance, assume that Ashley has collision insurance on her new Toyota, with a $500 deductible. If a collision loss is $7000, she would receive only $6500 and would have to pay the remaining $500 herself.

Aggregate Deductible

Commercial insurance contracts sometimes contain an aggregate deductible. An Full post…

It is annual event in the U.S. and many other countries – the holidays come around, travel increases, and gas prices increase. If you are taking a road trip this winter to catch up with friends and family, or you will be doing a lot of driving to and from the airport, or you simply have a long commute each day, these increases can put a real dent in your wallet. So it’s important to find other ways to save on travel expenses, such as buying travel insurance plan.

Some of the ways to save on travel expenses are obvious. For instance, comparison shopping online is always a smart move. W Full post…

The Christmas tree is a decorated evergreen coniferous tree, real or artificial, and a tradition associated with Christmas. The Christmas tree is often brought into a home and can be decorated with lights, ornaments, garlands and tinsel during the days around Christmas. An angel or stars often placed at the top of the tree, representing the host of angels or the Star of Bethlehem from the Nativity.