Saga: Travel insurance denied to older people - Published:19/10/07
Saga has claimed that many insurers do not permit populace over the age of 65 to buy continued travel insuranceLisa Harris, group infrastructure manager at Saga Personal Finance, said that over-65s may have problems judgment an insurer, because they have an age-related cut-off tip"Unfortunately, many providers have an arbitrary cut-off age on travel cover which totally disregards the individual's health," she remarkedShe also explained that older people may find it easier to purchase journey insurance for a single trip than annual insurance"Insurers that have little experience of looking after big travellers are less tending to provide insurance for a whole year, as they believe that an individual's health could alter dramatically over the era," Ms Harris addedData provided by Age Concern reveals that 92 per cent of travel insurance policies have upper age limits and will not provide wrap for.
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What's A Guarantee Worth? - Published:18/10/07
The Bank of England's base rate is at its uppermost height since April 2001 and currently stands at 575% a year also, the global credit squeeze has pushed up the price of borrowing and improved returns to savers Hence, British savers are nowadays enjoying some of the highest interest rates since the turn of the centuryAlas, picking the right investments account remains far from simple, as there are least four thousand dissimilar accounts from which to choose What's more, as competition for savers' cash has intensified, providers are becoming more and more cunning at beating away terms and conditions in the small printTherefore, when shopping around for a top investments account, be certain to look beyond the juicy headline rate to learn what lies under For example, you may find that your explanation comes with strings attached, such as:1) An introductory bonus which last for, say, six to twelve months Once this preliminary offer ends, your interest rate can go from table-topping to ordinary during the night2) Notice or access restrictions which limit the figure of withdrawals you can make in a day3) Interest penalties One clever deception is to pay no interest on your entire balance in any month during which you make any withdrawals In other language, taking out £5 could cost you a month's interest on your whole pot Yuk4) A rate guarantee which promises to keep your savings speed above a certain level for a specific periodToday, I'd like to review the last of these conditions: the interest-rate assurance A rate assurance of any form may come into view comforting, but some of these promises aren't worth very much at allAccording to Fool partner Moneyfacts, over ninety investments accounts have speed guarantees, and some provide extended guarantees over long periods of time However, each guarantee is delicately different, so you need to take the time to figure them out For example, here are five financial records which offer rate guarantees to savers:Issue 2650fundamental rate equal to base rate until 30/06/10Age 60+ No notice Rate includes 075% extra for 12 months Only one bough withdrawal per monthIssue 6645At least 03% above bottom rate to 01/09/08, then at least 015% above bottom rate to 01/09/0960-day notice Up to 3 withdrawals per year; additional withdrawals on defeat of 90 days' interest2nd Issue640At least 025% above bottom rate until 15/10/08, then at least base rate until 15/10/09Early right of entry on loss of 80 days' interest until 15/10/08, then 40 days' interest misplaced 15/10/09 Notice- and penalty-free withdrawals thereafterfollower Online631No lower than 050% below base rate until further noticeNo notice Rate includes 106% extra for a dayOnline Savings625055% above base rate for 6 months, then 045% above base speed for next 6 months, then equal to base rate in day 2 and 025% below base rate in day 3No notice Age 50+So, what do these guarantees come to, assuming the base speed remains at its present level of 575%Coventry BS: your yearly interest rate won't fall below 650% in the first day and then won't drop below 575% until 30 June 2010Nottingham BS: At least 605% until 1 September 2008 and then at least 590% until 1 September 2009Saga: At least 63% for six months and 62% for the next six months, then 575% for a day and 55% in day threeAlthough all five of these accounts currently pay at least 625% a day before tax, these rates all eventually fall back below 6% a day -- and even as low as 525% Thus, you can see that there is very little guarantee with many rate promises These guarantees certainly put on't pledge to keep your account at the top table in the long sprint Indeed, all you get is a minimum ‘collar' to which the speed can fallFinally, if you fancy a savings account which pays a far above the ground rate of interest and includes a rate guarantee, then here are two favourites among trick readers:More: Find ace financial records in our savings centre | Parents: Make 10% A Year | easy Savings, Great Rates© Copyright 1998-2007, The Motley Fool Limited All human rights reserved This material is for personal use onlyPlace of Reg: England & Wales corporation Reg No: 3736872 VAT Reg No: 735 7818 01 Registered Office:.
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Increased cover for summer gardeners - Published:26/10/06
Gardeners can now take advantage of a new cover policy that offers increased levels of cover, now in time for the summerWith more people heading outside to enjoy the sunlight in their gardens, Saga insurance has pushed its levels of wrap up to £3,500, to insure against damage and theftThe insurance company is contribution insurance for £207 a month to provide gardeners peace of brain that their garden will be covered in the event of injure or theftInsurance claims for damage to gardens are more common than many assume, with one in ten people treatment garden damage due to marauding children or grandchildrenAccording to a survey by farming Whick, Which 16 million households have had something stolen from their gardens, amounting to £90 million of losses countrywideAndrew Goodsell from the cover company also advises taking out some form of garden insurance policy, as it could be useful when persons are bearing in mind moving house"Gardens can really enhance the look of a house – indeed our new research shows that 82 per cent of people regard the garden as the most significant.
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