Tag Archives: AIB Insurance

Your Employment Status Is Important When Applying For Car Insurance

EmploymentWhen you apply for a quote for car insurance, whether it is direct with the insurance company, through a broker like ourselves or via a price comparison website, you will be asked a number of questions to assess the risk you present to the insurer of making a future claim and to provide you with a quotation for the cover you require. These questions include things like your age, marital status, where you live, make and model of car, where the car will be parked overnight, how many miles a year you drive, what you will use the vehicle for, whether you have any driving convictions or claims and your employment status.

MoneySuperMarket.com has done some research into the impact employment status may have on how much you will be quoted for your motor insurance that makes for interesting reading so we thought we would share with you some of the results that is based upon data in January 2018. It just shows how important it is that you provide accurate information in this respect as far as how much you will be quoted for your cover.

If you are a housewife then the average premium was £563.04 per annum. However, if you mistakenly stated on the quotation request form that you were unemployed then you can expect to pay, on average, an extra £146.39 per annum. That is an increase of 26%.

If you are a student then the average premium was £1,327.87 per annum. However, if you stated by mistake that you were a mature student living at home then you can expect to pay, on average, an extra £92.95 per annum. That is an increase of 7%.

If you are retired then the average premium was £265.66 per annum. However, if you made an error and stated that you were unemployed then you can expect to pay, on average, an extra £98.29 per annum for your cover. That is an increase of 37%.

If you are a student then, as stated above, the average premium was £1,327.87 per annum. However, if you stated incorrectly that you were unemployed then you can expect to pay, on average, an extra £677.21 per annum. That is an extra 51% which we are sure you will agree is a huge difference.

As you can see, as stated earlier, it is vital that accurate information is provided when applying for a quotation for car insurance or indeed any form of insurance as deliberately providing false details has a number of potential implications including the insurance company refusing to pay out in the event of a claim.

If you require a quote, perhaps because your existing policy is shortly coming up for renewal or if you are a young motorist looking for cover to insure your first car, then why not get in touch with us here at AIB Insurance on 02380 268 351 and speak with an experienced member of our team who will discuss your requirements and obtain one or more competitive quotations for your perusal and consideration without any obligation. We look forward to hearing from you.

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.

We are 25 Years Old Today – Wow, how time has flown!

BHPAOn our 25th anniversary we thought we’d give you a brief history of our company and our roots which go back all the way to the 1970’s.

First, we need to talk about the British Hang Gliding and Paragliding Association and our strong historic ties.

Throughout the 1970’s until 1992 the BHPA was known as the BHGA (British Hang Gliding Association) and sought a range of insurance advice from ‘Airsports Insurance Limited’ owned by a keen hang glider called Reggie Spooner.

Reggie, a former wing commander in the RAF, had stumbled into insurance and owned his own insurance consultants in Hampshire by the name of Fullbrook Spooner Insurance.  Having seen a gap in the market and to assist the BHGA, he created ‘Airsports Insurance Limited’ employing Yvonne Jukes from an office in Eastleigh, Hampshire.

Reggie, an astute businessman with a keen tongue for sales, encouraged all sorts of insurance policies for the club, it’s members and the BHGA staff that included travel, equipment, life and various liability products.

This changed in 1992 with the formation of another club called the BHPA (British Hang Gliding and Paragliding Association) to embrace the growing paragliding community.  Committee member Dick Long, with the backing of newly appointed chairman Tom Hardie, created ‘Airsports Insurance Bureau Limited’ which was solely owned by the club to replace Reggie’s business and quickly appointed Yvonne to the board to run the business from a new office on the Isle of Wight.

Reggie, missing his key lady Yvonne, wound the former ‘Airsports Insurance’ company up. However, he had always promised he would use any profits made to help the airsport community. True to his word, he helped local hang gliding and paragliding clubs buy hills that they found for sale.  The first one that they purchased was The Parlour, in South East Wales overlooking Abergavenny, followed by the Tinto, a Scottish mountain with Long Mind in Shropshire later purchased.

When Mark Asquith was appointed chairman to the BHPA in 1997, the insurance arm of the BHPA was considered not viable due to the ever-growing compliance issues surrounding financial services.  As such, the BHPA sold ‘Airsports Insurance Bureau’ to its then long-standing manager Yvonne Jukes in 2005.

Yvonne’s first decision was to employ her sister, Jacqui Prince, who later took full control in 2011 with the sad passing of the much-loved Yvonne in the same year.  Jacqui retired at the end of AIB2013 and the business moved back to its original home town in Eastleigh, Hampshire.

We have continued to go from strength to strength, with a large portfolio of motor and home insurance clients and relationships with all sorts of clubs including motorhome, Porsche and Ferrari clubs and associations, as well as still insuring the BHPA members today.

We look forward to another successful and enjoyable 25 years!

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.

Things Just Got Bigger!

ExpansionAIB Insurance has been in operation for over 20 years during which time we have grown in so many ways. For instance, we have progressively increased the number of insurance partners on our extensive panel providing our valued personal and business customers with access to a larger, more comprehensive range of insurance products resulting in them having a greater opportunity to obtain competitively priced, quality insurance cover.

This has resulted in a significant increase in the number of customers that we look after on a daily basis. That meant it has been necessary to recruit additional staff to provide our bigger customer base with the outstanding level of service that they have come to expect from us. You only have to take a look at our News section where we introduce our clients and business partners to our carefully selected newly appointed staff members to see what we mean.

Of course, those new staff and the additional office furniture and equipment that they needed have taken up more space meaning that we were outgrowing our current accommodation and required further room. As a result, we are pleased to inform you that we have been able to increase our office space but without having to move from our current location as the premises next door became available and we have signed a new lease.

AIBAt the present time, we are having building works carried out around us such as the removal of walls between both sets of offices to create one large premises. We will retain our current address. When the works are completed, we will have doubled the floor area that will also have the capacity to comfortably cope with our anticipated steady growth in the future.

We would just like to take this opportunity to thank our clients, insurer partners, advertising and marketing friends as well as our staff for bearing with us during the alterations. We can assure you all that it is “business as usual” here at AIB Insurance so feel free to continue to give us a call or pop into the office to discuss your insurance requirements.

Introducing Tony Johnson – – Our Newest Team Member

Tony JohnsonWe are pleased to welcome Tony Johnson, who joins our team in Eastleigh as one of our Insurance Consultants.

Tony has a decade of industry experience, having worked for insurance broker firms in Portsmouth, before moving to Swinton’s in 2013 – initially working in Waterlooville before moving to the Fareham branch.

Tony, who lives in Fareham supports Manchester United Football Club, he was born 9 weeks premature, he hates sponge (??!) likes strawberry flavour things but not strawberries and has met Mike Tyson, Kat Von D and Sir Alex Ferguson.

AIB Office Manager, Nigel Gould, said,

“Another great addition to our team in Eastleigh. Tony has the experience to help us further expand our client bank and offer exceptional customer service levels to our new and existing clients.”

Introducing Our Newest Team Member – Jenna Stronach

Airsports Insurance Bureau is delighted to announce strengthening our Eastleigh team further with the appointment of experienced insurance professional, Jenna Stronach.

Jenna has many years’ experience within the insurance industry working both sides of the insurer and broker fence with her most recent position at as a Personal Injury & Litigation Claims Negotiator at Ageas. She joins our busy team where she 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 Jenna said:” I am really pleased that I have been successful and given the opportunity to return to the broker environment, especially with such a fast growing, positive company like AIB. I look forward to a long and prosperous career with the business and continuing to develop the high net worth motor and home book.Jenna Stronach

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

Jenna lives locally in Southampton and has a fear of raccoons and cats. She loves foreign travelling and has just returned from an extensive tour of Asia. A childhood fact about Jenna is when she was growing up she used to tell people she had a nut allergy, as she thought it made herself sound more interesting!

Good luck Jenna and welcome on board!

Introducing Bethany Hepworth to our team!

Bethany HepworthAirsports Insurance Bureau is delighted to announce adding Bethany Hepworth to our team at our Eastleigh office as one of our Administrators.

Whilst Bethany is with us she will learn all aspects of a fast growing insurance broker, dealing with a range of products from home and motor insurance through to travel and commercial clients’ needs.

At AIB we pride ourselves on the quality of our staff and the professional relationships we are able to build with all parties. 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. Bethany commented: “I am really pleased that I have been successful and given the chance to work for AIB Insurance and I look forward to an enjoyable, long term career.”

Bethany lives locally and enjoys both shopping and music festivals. Her favourite food is pasta, her favourite film is Matilda and the first live musician she saw was Jessie J at Wembley! Disappointingly, she has never watch the films Home Alone, Star Wars or Back to the Future.

Welcome on board Beth, we hope you have an enjoyable and fulfilling career with us.

KGM added to existing Panel

AIB are delighted to announce introducing well-respected motor insurer KGM to our existing motor insurance panel.

As a specialist provider of UK motor insurance niche products KGM are one of the UK’s leading specialist motor insurers with well over 50 years’ experience in providing cover to the niche motor sector and will assist AIB with our clients performance cars, exotic, imported, classic and motorhomes insurance needs.
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KGM are committed to providing a personal, flexible and tailored service to all their business partners. This comes from their wealth of industry experience and a real broker understanding and AIB are delighted to welcome KGM on board.

Let’s hope our partnership is both fruitful, mutually beneficial for clients, AIB and KGM.

So who are KGM Insurance?

KGM Motor Insurance is a brand name for business written by Syndicate 260 which is managed by Lloyd’s 10th largest managing agency, Canopius Managing Agents Limited, part of the Canopius Group. Canopius is the global specialty lines platform of NKSJ Group, an A+ rated company with $90bn total assets and one of the top three Japanese insurers. Canopius underwrites a diversified portfolio of specialty lines business from its operations at Lloyd’s and around the world. It has achieved significant growth over the last ten years through a mix of organic expansion and acquisition and is one of the top 10 insurers in the Lloyd’s insurance market, writing premiums in excess of £1 billion.

For more information on KGM please visit http://www.kgminsurance.co.uk