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 Insurance policies leave brits confusedExpatriate Medical Insurance news about Medical Insurance, Health Insurance, Health Care Insurance, Expatriate Health Insurance, Affordable Health Insurance, Cheap Health Insurance.  Brits spend more than £1,500 on insurance premiums each year, but are not ever clear as to how much cover they really have, a new study by Fool.co.uk has revealed. The research found that 39 per cent of people questioned had no idea how much insurance cover they have. According to the consequence, one in 25 of those asked have more than a dozen different types of insurance policies, departure them confused as to how much cover they really have. When it comes to furcation out for insurance, a timid six per cent say they try to insure everything they can, whereas ten per cent think insurance is a waste of money. According to the research, 23 per cent of participants shun insurance companies and try to self-insure as much as possible by putt money aside in case anything unfortunate happens. For those who do take out insurance policies, the norm cost is £1,550 a year which protects them for £280,000 of unforeseen events. The study revealed that home insurance is the most popular and is taken out by 89 per cent of participants. The only mandatary policies, which are car insurance and edifice insurance, came in sec place with 85 per cent take up, suggesting that Brits do not have their insurance priorities in order. Fool.co.uk also found that pet insurance was more popular than Mobile River phone insurance amongst participants. And, it seems that expensive items such as laptop computer are being overlooked as only four per cent of people said they had insurance to cover such equipment. Head of personal finance at Fool.co.uk, David Kuo, said: "The key to purchasing insurance is only to insure against risk that you cannot afford to bear. So if you buy insurance you don't need then you are cachexia money. But if you don't buy insurance that you do need, they eventually your decision will come back to haunt you. "Not knowing how much insurance you have is just as bad. It's tantamount to playing a card game where everyone can see your cards except you." He concluded. ©Fair Investment Company Ltd More Expatriate Medical Insurance News |