Category: Uncategorised

Taking to the Slopes? Guard against steep Medical Bills

The Association of British Insurers (ABI) has revealed the true cost of winter sports-related claims, varying from £1,000 to as much as £90,000. With more than 6,000,000 of us hitting the slopes for a winter break so it’s vital that you make sure you have the right cover included in your travel insurance. This year… Read more »

Christmas 2017 Office Hours

During the festive period our office hours are as follows: Merry Christmas and Happy New Year from all at P F Spare Insurance Brokers!

National Road Safety Week – Drive Safe!

It’s National Road Safety Week: promoting driver awareness and safe driving and this year’s focus is all about speed. Our friends at Allianz have highlighted some key areas we all could do with remembering to keep us safer on the roads. Do you know about stopping distances? The general rule for a safe stopping distance… Read more »

Storm Aileen – Advice from the Association of British Insurers

With Storm Aileen looming large and set to hit several areas of the country, including Derbyshire and Nottinghamshire, we thought it would be prudent to share some advice from the Association of British Insurers (ABI) regarding the precautions you can take when faced with adverse weather. Preparing for bad weather: •Make sure you have emergency… Read more »

The cost of falling ill abroad in 2017 – Revealed

Did you know that, according to research published today by the Association of British Insurers (ABI) you could have to work for over 25 years to pay for emergency medical care without insurance? The ABI has found that travel insurers are helping 3,000 travellers every week who need emergency medical treatment while abroad. £200 million… Read more »

Motor Insurance Premiums Reach Record High

Drivers in nearly all age groups are paying record amounts for their car insurance and could face further increases unless the Government takes action to reduce claims costs, the Association of British Insurers (ABI) has warned. New figures show that between 2015 and 2016, all age groups except those under 21 – where the increasing… Read more »

Insurance Premium Tax Increase 2017

What is Insurance Premium Tax (IPT)? IPT is a tax imposed by HMRC on general (both personal and commercial) insurance premiums. Prior to 1 June 2017 there were two rates of IPT. The first of these was a standard rate of 10% which applied to general insurances (such as motor, buildings and contents and commercial… Read more »

Ogden Rate Change – The Implications

It was announced earlier this year that the Ogden discount rate has been reduced from 2.5% to -0.75%, and the change is now in full effect but just what does this mean for you and your insurance premium. This is one of the most significant changes facing the insurance industry in some time and will… Read more »

One year on: Health and Safety Sentencing Guidelines

With time flying by for the first couple of months of 2017 then our regular updates have had to take somewhat of a back seat. However, we recently came across an article from our friends at Allianz outlining how stricter sentencing guidelines introduced last year under the Health and Safety at Work Act introduced tougher… Read more »