Tag Archives: insurance

Unattached Hang Glider Manages To Hold On

Hand Gliding Hang gliding can certainly have its scary moments but when you take to the skies for your first trip in a hang glider accompanied by an instructor you would hope that you are in safe hands. Well, an American who recently made such a trip may beg to differ.

Chris Gurksy from the USA was recently on holiday in Switzerland and decided to go hang gliding for the first time no doubt to enjoy some of the beautiful green fields as well as the mountains. Unfortunately, the adventure did not quite go according to plan due to a serious oversight.

Regrettably, his safety harness was not attached to the hang glider and this was not something that was noticed by the instructor until it was too late. The pair took off from the edge of a mountain several thousand feet tall. By the time they realized something was not quite right they were unable to stop getting airborne.

Mr Gurksy found himself holding onto a bar with one hand and with the other could be seen holding onto the back of the instructor who was having difficulty controlling the hang glider.

Apparently, both were airborne for over 2 minutes during which time Mr Gurksy was no doubt very scared and possibly thought that his life was about to come to an untimely end. Fortunately, this did not happen but when the hang glider descended Mr Gurksy’s feet hit the ground at a speed of around 45 mph and he ended up tearing his left bicep tendon. He also broke his wrist that was no doubt very painful.

Some of you may be surprised to read that Mr Gurksy would like to take to the skies again in a hang glider when he will hopefully have a more enjoyable flight. He is obviously a very brave man as, having gone through what he did that could have resulted in his death, there are possibly a lot of other people who, having had the same worrying experience, would never want to see a hang glider again. We wish him a more successful and uneventful flight when he next gets airborn in a hang glider.

Here at AIB Insurance, we have many years experience in arranging cover for a range of airsports. So, whether you are looking for cover for the first time or your existing policy is shortly up for renewal, why not give us a call on 02380 268 351 and have a chat with a knowledgeable member of our team who will happily obtain a no-obligation, competitive quote from one of our vetted insurers. We look forward to being of assistance to you.

Payouts For Motor Insurance Claims Rise

ABI The Association of British Insurers (ABI) has produced some interesting statistics in November relating to motor insurance claims. The data reveals that there has been an increase in the amount paid out so far in 2018 when comparing the same period in 2017. In fact, a record amount has been paid out so far this year.

So far this year, motor insurance providers have paid out an average of £23 million every day. This is a sizeable sum of money.

This means that, so far in 2018, £6.4 billion has been paid out to motorists who have submitted motor insurance claims to their insurers. It is interesting to read that this figure is 4% more than the amount paid out to meet motor insurance claims in the same period in 2017.

There have been 41,000 claims settled so far this year by motor insurer providers with this being a rise of 11% when compared with the same period in 2017. Some £3 billion was spent on motor repair bills with this being an extra 5% when comparing the figures for the same period in 2017. The average payout per claim is £2,137. This may seem a high figure but one of the factors impacting on increased payouts is because many cars built now come with things like reversing sensors and the cost of replacing them is quite significant.

It is concerning to read that the amount paid out in claims as a result of vehicle thefts so far this year is £271 million. That figure is high and a staggering 32% more than for the same period in 2017. It is no doubt a traumatic experience to get back to where you last parked your car perhaps to do some shopping only to discover that it has been stolen. Thank goodness for motor insurance.

Let us hope that the above data does not result in a greater number of people seeing their car insurance premiums increase at renewal. If you receive notification that your premium is going to go up then make sure that you are ready to obtain one or more quotes from other providers to compare with the cost of your existing cover. Here at AIB Insurance, we have an extensive panel of insurers who we can obtain one or more competitive motor insurance quotes from for you without any obligation to proceed. So, why not give us a call on 02380 268 351 to discuss your requirements with a member of our team.

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.

Is Your Home At Risk Of Flooding?

HouseWe are now in autumn with the daylight hours rapidly getting shorter and it will not be long before winter is upon us. During these seasons, we can be subject to inclement weather such as heavy rainfall and snow. This may come as a surprise to many of you but, according to the Environment Agency, here in England there are 5.2 million homes that are at risk of being flooded. We are sure you will agree, that is a huge number. Many of the homes that are at risk of flooding are located near the coast, rivers and reservoirs.

However, what is rather concerning is that fewer than 10% of those homeowners believe that they are at risk of seeing their homes flooded with water. Also, a lesser percentage of people, have made contingency plans to deal with a flood.

Another concerning and sad statistic is that 36 people have lost their lives in England and Wales in the last 10 years due to flooding. Flooding has also had a negative impact on a lot of people’s mental health.

So, what can you do in the event of a flood warning? Well, if you have more than enough time, you may wish to focus on making sure that your family and pets are safe which may involve vacating the premises and moving to a safe temporary premises. If you have time, move your possessions and contents such as furniture upstairs out of harms way. Make sure that you have turned off the gas, electric and water.  You may wish to prepare a bag of food and non-alcoholic drinks and add some medicines such as pain relief tablets. You may also wish to have a supply of sandbags to be used to try to stop the floodwater getting in through the outside doors.

If you are in immediate danger then you should ring the emergency services on 999 and take their advice. Do not attempt to vacate the property if the flood levels are such that it is too dangerous to do so – far better to wait for the emergency services to rescue you either by land, water or air.

You may also wish to check to make sure that your household insurance covers you for loss and/or damage to the building, fixtures and fittings and the contents and personal belongings caused by flooding. Many household items that are damaged by flooding would need to be replaced with new items so it is important that your home insurance covers you for this.

In this respect, if you are looking for household insurance for the first time or require a quote to compare with your existing insurance, then why not get in touch with us here at AIB Insurance on 02380 268 351. We have an extensive panel of insurers at our disposal.

Running A Car Gets More Expensive For Young Motorists

Young Driver Keeping a car on the road has always been a costly thing to do but is particularly expensive for young drivers who tend to be faced with having to pay more for their car insurance than the more mature driver. Research by the price comparison website Compare The Market has revealed some interesting statistics in this respect.

Apparently, as at September 2018, the average annual cost of someone aged 17 to 24 running a car was £2,442. That figure has gone up in the last 6 months by an average of £60 per annum. In the last 2 years it is concerning to read that the average cost of a young motorist running a car has gone up by in excess of £140 per annum.

The average cost of a young driver insuring a car has risen to £1,324 per annum meaning that insurance costs make up over 50% of running a vehicle. Fortunately, car insurance premiums have been falling in recent months –since February 2018 premiums have dropped by an average of not far off £24 per annum.

Another factor that has added to the increase in the cost of running a car is the increase in fuel prices that we have seen at petrol stations here in the UK. In the space of 12 months this has risen by an average of 9.9% to £891 per annum.

Other things taken into account in the average cost of running a car are Road Tax at £115, breakdown cover at £56 and MOT at £54.

The 5 most popular cars owned by young motorists are: –

  1. Vauxhall Corsa
  2. Ford Fiesta
  3. Volkswagen Polo
  4. Renault Clio
  5. Volkswagen Golf

It was found that the cheapest car to insure by a young motorist was the Dacia Sandero at an average of £882 per annum. As you can see, this is significantly lower than the average cost of insurance. This was closely followed by the Fiat 500 at an average of £898 per annum to insure.

It should be borne in mind that the above figures do not take into account young drivers who need to arrange finance to fund the purchase of a vehicle. The monthly outlay in this respect can be quite significant.P Plates

The motor insurance market is extremely competitive here in the UK with numerous insurers providing cover ranging from standard car insurance to telematics cover and even pay per mile insurance. Unfortunately, not enough people bother to shop around for their cover such as when they receive their renewal notice from their existing insurance company. If they did then some may find that they could have got the same level of suitable cover but for a lower premium.

So, if you are looking for car insurance either for the first time or if your existing policy is coming up for renewal, why not get in touch with us here at AIB Insurance on 02380 268 351 and speak with a knowledgeable member of our team who will discuss your requirements and obtain a competitive quotation from our extensive panel of insurers for your perusal 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.

Car Insurance Premiums Reduce In Q2 2018

Fiesta Motorists will be pleased to read that premiums for fully comprehensive car insurance have, on average, fallen in the second quarter of 2018 when compared to the same period last year.

According to the Confused.com Car Insurance Price Index that is produced on a quarterly basis the average amount paid for the above level of cover in Q2 of 2018 was £752 per annum. Twelve months ago, the premium was £847 per annum so there has been a drop of £95 with this equating to a fall of 11.2%. That is a significant reduction.

It is interesting to read in the above report that those motorists who merely renewed their car insurance with the same insurance company ended up paying, on average, an extra £49 per annum for their cover when looking at data covering the second quarter of this year. This just goes to show how important it is that motorists should shop around when he or she receives their renewal quotation from their existing insurer to try to get a better price elsewhere for the same level of cover.

As you are probably aware, it tends to be the young, inexperienced driver who pays more for their car insurance than others and that is not surprising. However, it is interesting that the above report reveals 17 year olds have, on average benefitted from quite a drop in the cost of insuring their cars when comparing Q2 of 2018 with Q2 of 2017. They have seen premiums fall by an average of £403 per annum to an average of £1,889 per annum. This is even lower than that being paid by 18 and 19 year olds with the former paying an average of £2,052 per annum and the later an average of £1,893 per annum. A reason for the drop could be due to an increase seen in the number of insurance companies offering telematics (black box) car insurance.

Those premiums are significantly higher than the average paid by older motorists for comprehensive cover: –

34 year old – £664 per annum

51 year old – £647 per annum

68 year old – £496 per annum

On a regional basis, Northern Ireland has seen the biggest fall in premiums with premiums dropping on average from £1,059 per annum to £894 per annum between both quarters. That is a fall of £165 per annum equating to 16%.

On a more local basis, motorists living in Inner London saw their premiums reduce by an average of £179 per annum. That may be good news for many but they are still paying more than an average of £1,000 per annum for their cover with this being the only place in the UK that this is happening.

We are sure motorists would agree that it would be lovely to see the cost of insuring their cars continue to fall.

If your cover is coming up for renewal then why not contact us here at AIB Insurance on 02380 268 351 and we will be pleased to discuss your requirements and obtain a free, competitive quotation from our extensive panel of insurers without any obligation.

Interesting Motor Vehicle Statistics

Ford Fiesta The RAC Foundation has brought together some interesting facts and figures in relation to motor vehicles here in the UK. We thought we would share some of them with you but more can be found on their website.

How many motor vehicles are located in Great Britain?

There were 37.9 million motor vehicles licensed as at the 31st March 2018 with 31.3 million being cars. Almost every year since the Second World War ended the number of motor vehicles has risen. The average annual increase since 2012 has been 640,000.

There were 2,540,617 new cars registered in the UK in 2017.

In 2017, there were 8,113,020 used cars that changed ownership.

There were 1,671,166 new cars built here in the UK in 2017.

What make and model of car is the most popular?

It is the Ford Fiesta with 1.5 million being licensed as at the 31st December 2017, with the Ford Focus in second place at 1.3 million and the Vauxhall Corsa in third place on 1.1 million.

How many driving licenses are there?

There were 48,416,500 driving licenses registered with the DVLA in March 2018. Full driving licenses make up 40,331,643 and provisional driving licenses account for 8,084,857. It should be noted that these figures include licenses for people who have for instance died or emigrated and the DVLA have not been informed.

A more accurate estimate of active holders of driving licenses is produced by the National Traffic Survey with an estimated 32.9 million people in England being in possession of a full car driving license. Men make up 17.3 million and women 15.6 million.

How many English households have access to a car or van?

In the region of 76% in 2017 with this figure having increased substantially over the years – in 1971, the figure was 52%. Between 1971 and 2017, the percentage of households with two or more cars and/or vans rose from 8% to 35%.

What is the average speed a vehicle travels at?

The figures that stand out for 2016 are that, within a 20 mph speed limit area, all vehicles drove, on average, above the speed limit – cars and vans drove at an average free flow speed of 25 mph. In a 30 mph speed limit zone, cars and vans drove at an average free flow speed of 31 mph. It is rather concerning that the speed limits have been broken so frequently.  The average free flow speed for cars and vans on single carriageways with the national speed limit was 49 mph and the average free flow speed on motorways was 68 mph for cars and 69 mph for vans.

How often do we drive our cars?

You may be surprised to read that the average time we spend driving our cars is a mere 4%. Our cars are parked at home for 80% of the time and are parked at other locations for 16% of the time.

What is the average annual mileage for every car in England?

In 2017, it was 7,800 with this being a drop when compared with 2002 when it was 9,200. Diesel cars averaged 10,100 miles per annum and petrol cars averaged 6,500 miles per annum.

It is estimated that motor vehicles in Great Britain drove 327.1 billion miles on our 246,700 miles of roads in 2017. In 1949, the figure was 28.9 billion.

There were at least 31,483 claims made to councils for damage to vehicles caused by potholes in 2015/16 in Great Britain with the average settlement figure being £306.

We trust that you found the above statistics to be of interest and no doubt some of them were rather surprising to read about.

World’s Oldest Female Solo Skydiver Turns Model

Skydiving Any one who has participated in skydiving will no doubt tell you that it takes a certain amount of courage to step out of a plane at several thousand feet with only a parachute to help you to land safely on the ground. Well, a lady by the name of Dilys Price has never let that get in her way.

Dilys, an ex-college lecturer from Cardiff, is an 86 year old grandmother who took to the skies when she was 54 years of age and did a skydive for a charity and never looked back. Since then she has jumped solo from aircraft on no less than 1,139 occasions parachuting down to earth completing jumps in various locations around the world.

At the tender age of 80 she was awarded the Guinness World Record for being the world’s oldest female solo parachutist. This is no doubt an award she is tremendously proud of and one that she still holds to this day.

Her latest venture is to appear as a model for the fashion brand called Helmut Lang who asked a number of Welsh ladies to model clothing for its forthcoming autumn and winter collection.  As with most things in life, she readily took on the challenge although it was probably not as daunting as when she first took to the skies to participate in skydiving.

Dilys is one of many people who have enjoyed parachuting and skydiving well into their later years whether that be flying solo or in tandem.

Here at AIB Insurance we are able to arrange suitable cover for numerous airsports so why not give us a call on 02380 268 351 to discuss your requirements with one of our friendly members of staff and obtain a no-obligation quotation from our extensive panel of insurers. We look forward to being of assistance to you.

When May It Be Cheapest To Get Your Car Insurance?

Saving With mortgage repayments increasing for many borrowers and the cost of filling up your car with fuel on the forecourt going up, any way that you can possibly save money in other areas has got to be welcomed. So, you may be interested to read about some fascinating research recently carried out by MoneySavingExpert.com that has revealed when it may be the best time to sort out your car insurance to get the cheapest price.

MoneySavingExpert.com looked at millions of quotes from MoneySuperMarket, Compare The Market and Confused.com who you will no doubt be aware are price comparison websites. These quotations covered the period from January 2018 to May 2018.

What the data revealed was that, if you bought your motor insurance 21 days before your policy was due to start, you are possibly going to get the cover for the cheapest price. In fact, on average, you would pay £589 per annum with this being £567 per annum less than if you bought the cover on the day you wanted the policy to commence when you would have paid an average of £1,156 per annum. We are sure that you will agree this is a significant potential saving.

So, why is this? Well, the amount you pay for your motor insurance is based upon many factors such as the make and model of car, where you live, what you do for a living, the level of cover required, the number of miles you drive each year, your age, your driving experience, your claims experience, whether you have any motoring convictions and where you park your car overnight. In addition, some insurance companies believe that you are less of a risk if you buy your cover 21 days before the policy starts as you are perceived to be more organised and are less likely to make a claim on your insurance policy than if you arranged your cover on the day the policy is due to start.

Another interesting statistic is that MoneySavingExpert.com discovered that if you bought your car insurance policy 30 days in advance of the start date then the average amount paid would be £1,120 per annum. That is only an average saving of £36 per annum when compared with buying the cover on the start date of the policy. The reason given for this was that there are not as many insurance companies providing quotes so far in advance.

So, if your motor insurance policy is coming up for renewal or you are looking for cover to insure your first car then you may wish to take the above into account as you may be able to save some money. Do bear in mind that these figures are average ones and the saving you may be able to make could be different.

Here at AIB Insurance, we have an experienced team who can obtain one or more quotes for you from our extensive panel of insurers so why not give us a call on 02380 268 351 and we will do all that we can to assist you. We look forward to hearing from you.