Tag Archives: aib

Almost 3,000 UK Citizens A Week Claim On Travel Insurance For Medical Treatment Abroad

It is that time of year when people are looking forward to a much needed holiday abroad whether that is a week or two across the English Channel in France or Spain or further afield to the likes of the USA or Mexico. Unfortunately, not everyone bothers to arrange travel insurance that includes medical cover but having read the following statistics published by the Association of British Insurers (ABI) we are sure you will agree it would be sensible to do so.

According to the ABI, in 2018 there were 153,000 people who claimed successfully on their travel insurance policy for overseas medical treatment. That is not far off 3,000 people a week – a significant number.

The average amount paid out per medical claim reached a record level – £1,368. That is almost twice what it was 10 years ago when the figure was £768. That equates to around £209 million.

In total, £400 million was paid out last year relating to all sorts of travel insurance claims with an average amount of around £800 per claim with this being a record.

The amount paid out in 2018 for cancellation of holidays amounted to a huge £145 million. This was made up of 167,000 successful claims with the average amount paid per claim reaching a record level of £869.

£17 million was paid out to 79,000 people who had lost money or baggage with the average amount of a claim being paid out totaling £214.

In some cases, claims can run into tens of thousands of pounds so it is important that travellers have suitable cover in place. In one case, a couple on holiday in America were seriously injured having been hit by a drunk driver and the medical bill amounted to £587,000.

So, what has happened to premiums for travel insurance in 2018? Well, you would have thought they had increased but this is not the case as the average cost of travel insurance has fallen by £38 per annum.

You will be pleased to read that, if you are shortly to embark on an overseas trip, either on your own, with your partner or your family here at AIB Insurance we have many years experience in helping arrange suitable, quality, competitive overseas travel insurance to most countries around the world. So, why not give us a call on 02380 268 351 and speak with a knowledgeable, friendly member of our team who will discuss your requirements and obtain a quotation without any obligation.

Chris Moon Joins AIB Insurance

Airsports Insurance Bureau is thrilled to announce strengthening our Eastleigh team further with the appointment of experienced insurance professional, Chris Moon.

Chris joins our busy team as one of our specialist Niche & High Net Worth Insurance Consultants adding his many years’ experience within the insurance broking industry.  His previous position was at Savage and Holdsworth in Romsey where he joined after 3 successful years at Aston Scott in Alton.  Prior to that he worked for over 12 years at Apex Insurance in Eastleigh (which during his tenure was purchased by Swinton Insurance).

He joins the team where he will deal with every aspect of an expanding, predominantly high net worth personal lines insurance broker, including motor, travel, home and commercial insurance.

A delighted Chris said:” This is a perfect opportunity for me to develop my career further in a fast-paced expanding broker.  I’m really looking forward to getting my teeth into and growing the high net worth motor and home book.

At AIB we pride ourselves on the quality of our staff and the professional relationships we are able to build with clients and insurer partners alike. We encourage our team to reach their full potential and give them the tools and resources for a rewarding career in a satisfying but demanding environment. If you are interested in a position with us please send your CV and accompanying letter to info@www.aib-insurance.co.uk

Chris lives locally in Eastleigh with his partner of 19 years and 3 children.  Most of his spare time is taken up with the family and his claim to fame is he got to meet Rodd Hull and Emu as a child!

Becca Milles Joins AIB

We are extremely happy to welcome Becca Milles to our company. We have a busy and successful team of professionals at Airsports Insurance Bureau (AIB) and Becca joins as our Administration Manager.

Prior to joining us Becca had her own photography business with her own studio having graduated with a First Class Honours Degree from the Arts University at Bournemouth.

AIB representative Leah Burt confirmed “this is fantastic news for our company and our newest employee Becca is fitting in very well. She is a fast learner and adaptable and even been on a few staff social nights out. She will be a valuable asset within the team and enhance our clients’ experience when doing business with us”.

Becca lives locally in Chandlers Ford and her claim to fame is she once had dinner with both Danny DeVito and Elton John dressed in a chicken outfit. A childhood fact is when she was very young she once got a Tic-Tak stuck up her nose which despite every attempt, couldn’t get recovered until the Fire Service arrived!

AIB are fabulous at motor and home insurance so if you need a quotation, please call our team on 02380 268351 or please feel free to complete an enquiry form just now here: www.aib.co.uk

Good luck Becca and welcome on board!

An MP Is More Likely To Have A Driving Conviction

The price comparison website GoComapre.com has carried out some analysis of car insurance quotes over a 12 month period that reveals a Member Of Parliament is most likely to have a driving conviction than any other occupation. This may come as a surprise to many of you.

As you are probably aware, what you do for a living is one of the factors that affect how much a car insurance provider charges you for your cover. The greater the risk that you are perceived to be in danger of being involved in a road traffic accident the more you are likely to pay for your motor insurance.

 

Total Convictions

Their research revealed that 24.4% of quotes they looked at for Members of Parliament involved that person having one or more driving convictions. In second place were Sales Directors at 20.8%. In third place were Managing Directors at 19.7%. In fourth place were Bailiffs at 19.4%. In fifth place were Radio Presenters at 19.2%. In sixth place were Riggers at 19.1%. In seventh place were Money Brokers at 18.8%. In eighth place were Operations Directors at 18.7%. In ninth place were Company Chairmen at 18.2%. In tenth place were Surgeons at 17.6%.

 

Convictions for Speeding

If you look at the occupations that have the most speeding convictions it is interesting that 22.1% of car insurance quotes for Members of Parliament revealed such a conviction. In second place were Radio Presenters at 19.2%. In third place were Sales Directors at 18.9%. In fourth place were Managing Directors at 17.7%. In fifth place were Operations Directors at 17.4%. In sixth place were Bailiffs at 16.7%. In joint seventh place were Money Brokers and Company Chairmen at 16.6%. In ninth place were Surgeons at 16.5%. In tenth place were Chartered Surveyors at 16.3%.

 

At-Fault Claims   

The occupation with the most at-fault claims when looking at the above car insurance quotes was a Paediatrician at 17.0%. In second place was a Psychiatrist at 14.0%. In third place was an Usher at 13.1%. In fourth place was a General Practitioner at 12.4%. In joint fifth place were a Surgeon and Hospital Consultant at 12.2%. In seventh place was a Museum Consultant at 11.6%. In eighth place was a Radiologist at 11.5%. In joint ninth place were a Transcriber and Vicar at 11.3%.

All the above factors can impact upon how much a motor insurance provider charges you for the cover you require. It is important that when looking to obtain cover that you use the likes of an insurance broker that has an extensive panel of insurers at their disposal. In this respect, why not get in touch with us here at AIB Insurance on 02380 268 351 and speak with an experienced member of our team. He or she will discuss your requirements in detail so that a competitive quotation can be provided for your perusal and consideration. We look forward to being of assistance.

 

Lady Accused Of Severing Hand And Claiming On Insurance Policy

Apparently, a female has been accused by the police force in Slovenia of deliberately getting a member of her family to help her cut off one of her hands. So, why would someone do such a thing?

Well, it is claimed that the 21-year-old lady, not too long ago, took out an insurance policy that would pay out in the event of an injury. This policy is believed to have provided cover in the event of such a claim for in the region of a lump sum of 400,000 Euros plus 3,000 Euros per month. We are sure that you will agree these are significant sums of money.

It is claimed that a circular saw was used to severe the woman’s hand from just above her wrist. We are sure that you will agree this does sound rather gruesome and, if proved to be correct, shows what extreme lengths someone will go to try to defraud an insurance company.

Apparently, the woman in question along with a relative of hers are in police custody and could end up spending as long as 8 years in prison if found guilty of what they have been accused of.

It is also claimed that some relatives of the woman who is under investigation got her to the hospital but did not bring the hand that had been cut off with them and informed hospital staff she had been sawing some branches at the time the injury took place. Subsequently, the lady’s hand has been located and re-attached to her arm.

If her and the detained relative are found guilty then they could face as long as 8 years in prison.

Here in the UK, a Personal Accident Plan will usually pay out a lump sum for a legitimate claim due to a certain occurrence such as the loss of a limb. If this is something you are interested in then why not give us a call here at AIB Insurance on 02380 268 351 and a member of our team will be pleased to discuss your requirements and obtain a competitive quotation for your consideration without any obligation.

The Difference In Rental Paid Between Furnished And Unfurnished Properties

Furnished Whether you are a landlord or a tenant, you may be interested to read about some research that has been carried out that looks at the difference charged by landlords for furnished and unfurnished two bedroom flats in different cities in the UK.

There are pros and cons of both types of property lets for both tenants and landlords such as a furnished property may appeal more to a single tenant who is moving around the UK on a very frequent basis as he or she may not want to be bothered with the prospect of having to move their furniture frequently. However, a family looking for a long-term rent may prefer to bring their own furniture with them every time they move. A landlord may find it easier to rent out a furnished property and the additional rental income emanating from a furnished property may far outweigh over a period of time the initial financial outlay of buying the furniture and white goods.

The city in the UK where there was the biggest difference between the rental income charged on furnished and unfurnished two bedroom flats was Sheffield. The difference in that city was an average of 21%. A furnished property was being rented out at an average of £726 per calendar month whereas an unfurnished property was being rented out at an average of £598 per calendar month – a difference of £128 per calendar month.UK MAP

In London the difference was 9% with this equating to an extra £128 per calendar month.

In Birmingham there was a difference of 20% that, in monetary terms, was an extra £127 per calendar month.

In Manchester there was a difference of 15% that equates to a price difference of £101 per calendar month.

In Cardiff there was a difference of 7% that equates to a price difference of £50 per calendar month.

In Glasgow there was a difference of 13% that equates to a price difference of £86 per calendar month.

Whether you are a landlord looking to arrange buildings and contents cover on either a furnished or unfurnished property or are a tenant looking to arrange cover on your own contents and personal belongings in an unfurnished property then why not make contact with us here at AIB Insurance on 02380 268 351 and speak with a friendly, knowledgeable member of our team. He or she will discuss your requirements and arrange for you to receive a competitive quotation from one of the insurance companies on our extensive panel.

You May Find These Statistics About Burglaries Of Interest…..

BurglarTo come home and find that your property has been broken into and items damaged/stolen is a terrible situation to find yourself in and one that you could do without. It is an invasion of your privacy and will no doubt take up quite a bit of your time such as informing and meeting with the police, making a list of your stolen belongings and replacing them as well as contacting your insurance provider.

The Office for National Statistics (ONS) obtained data from the Crime Survey for England and Wales (CSEW) entitled Nature of Crime: Burglary covering the 12 month period to the 31st March 2017 that we think you may find of interest. We highlight some of those statistics below relating to domestic burglary with entry but full details can be found on the ONS website.

About the burglars

  • 81% of the offenders were males, 9% were females and 10% were both.
  • 0% were under 10 years of age, 3% were between 10 to 15 years of age, 33% were aged 16 to 24, 49% were aged between 25 to 39 and 18% were 40 years of age and over.
  • 42% of the victims were burgled by strangers, 16% were broken into by people that they had either spoken to or seen in the past and 42% were burgled by people that they knew well.

When did the burglaries take place?

  • 65% of the burglaries took place during the week.
  • 35% of them happened at the weekend.
  • .45% took place in the morning/afternoon
  • 55% happened in the evening/night

Which side of the property did they gain access through? 

  • 49% front
  • 41% back
  • 8% side
  • 2% more than one way

Method of entry

  • 75% through a door
  • 24% via a window
  • 3% through other ways

What were the major items stolen?

  • 35% tools/work materials
  • 31% garden furniture
  • 11% bicycles, bicycle parts
  • 9% sports equipment
  • 5% children’s toys/baby items

Cost of items stolen

  • 35% £1,000 or more
  • 14% £500 to £999
  • 24% £200 to £499
  • 5% £100 to £199
  • 8% £50 to £99
  • 9% £20 to £49
  • 4% £1 to £19
  • 1% no cost

Contact with burglars

  • 54% somebody at home
  • 46% no one at home
  • 60% violence or force used or threatened
  • 40% neither violence, force or threats

We trust that you found the above statistics of interest. If you own your own home then you will no doubt wish to make sure that it is adequately insured along with the contents and personal belongings or, if you rent a property, you will wish to make sure that your personal belongings and any furnishings/white goods etc that you own are insured. In that respect, why not get in contact with us here at AIB Insurance on 02380 268 351 to discuss your requirements and obtain a quotation.

Motorhome Sales Increase

If you are the proud owner of a motorhome you may be interested to read that you are one of a growing number of holidaymakers who take to the road in such a vehicle to enjoy a break both here in the UK and overseas. According to statistics produced by the NCC that is the trade body for the motorhome, tourer, park home and caravan holiday home industries the number of people buying motorhomes rose in 2017 – in fact there has been a steady increase for a number of years.

Below are the statistics for new motorhomes registered here in the UK: –

2017                14,062

2016                12,332

2015                10,572

2014                  8,733

2013                  7,425

Below are the statistics for pre-owned motorhomes registered here in the UK: –

2017                55,449

2016                55,020

2015                48,839

2014                47,755

2013                45,572

The above organization also produced some interesting statistics for the number of new motorhomes registered in certain European countries that showed there has been an increase in certain countries when comparing 2017 with 2016: –

France             8.3% increase

UK                14.0% increase

Germany       15.5% increase

Italy               19.1% increase

It is estimated that there are in the region of 225,000 motorhomes being used here in the UK. Interestingly, there are about 555,000 touring caravans and 365,000 caravan holiday homes being utilized here in the UK. In 2016, it was estimated that people in Great Britain spent in the region of £2 billion per annum on caravan holidays and it is believed that about £6 billion is contributed to the economy here in the UK by the caravan industry every year.

Of course, as with most things that can be purchased, there is such a huge variance in the cost of buying a motorhome ranging from a few thousand pounds for a second hand vehicle to a six-figure sum for a brand new motorhome.

If you are considering investing in a motor home and it is not the type of holiday that you have tried before then you may prefer to hire such a vehicle for a week or two to make sure that touring around the UK and beyond is for you and your family.

Here at AIB Insurance we have many years experience in arranging motorhome insurance for numerous clients, We have a panel of reputable insurers so why not get in contact with us on 02380 268 351 and speak with a friendly, informative member of our team who will happily arrange a bespoke, competitive quotation without any obligation.

AIB Launch New Website

AIB would like to offer you a warm welcome to our new website. For the last few months we have been working with website designers APB Media to pull this all together.

We thought it was finally time to revamp the old site and replace it with a slicker and more user friendly version. This new format gives us a fantastic new platform to build on and continue to grow and develop our service. We know how busy people are in these modern times, but please have a look around the new site and see what you think – we always welcome feedback.

So what’s new? Well, we have refreshed and modernised the content, added the ability to link to social media sites, as well as producing a fresher and more dynamic “latest news” section which will keep you up to date on what we are up to, the industry we work in and any other useful insights we feel are clients would find interesting. The biggest innovation, however, is how easy it is to navigate through our variety of products available.

Building the new website took almost two months and started with a competition to design our new logo. This was won by Pro Design who is now the lucky recipient of £200.

AIB are renowned for building long lasting relationships and believe in taking the time to get to know our clients and then tailor the right policy for those individual needs.

Please “follow” us on Twitter and “like” on facebook.

AIB Launch Classic Car Offering

Classic Sports CarAIB is proud to announce the launch of our non-standard personal motor products designed to meet the needs of the true classic and cherished car owner.

As an independent broker we have formed partnerships with some of the UK’s most respected classic car insurers to provide our clients with a variety of choice and benefits that can be tailored around our clients needs. Our Classic policies are available for classic and vintage vehicles that are a minimum of 15 years old and considered ‘cherished’ second cars although we do have products available for those daily drives.

We provide discounted rates for those limited mileage drivers and discounts for vehicles kept tucked away in a garage overnight. Arranging multi car policies will also see our client bank enjoy annual savings.

Agreed value may be available free of charge (please ask for details) and a wide range of modifications and non-standard elements can also be accommodated.

You’ll find ‘nothing standard’ about AIB’s professional and expert advice.