The jargon associated with insurance policies can be confusing so give MAS a call for a clear and concise explanation


An insurance policy is an important aspect of our lives, but unfortunately, most people lack qualified and experienced professionals who will explain to them in a simple language about insurance covers. Whether you are taking a home or life insurance cover, it is important that you know and learns about different topics in the industry.

Mortgage Advice Services (MAS) is your ideal company, and our experts are always happy and willing to help you understand different insurance terminologies. We also offer the best insurance advice in Nottingham. When taking a home insurance cover, it is important for you to know the exact value of your home. It is important to have your insurance company or agent to help you in valuing your home. It is also vital for you to know and understand the risk factors that might lead you to pay higher premium values.

Such risk factors include the crime rate in the neighborhood and the proximity of your home to your highway. It is also important to understand the things that can save you on premium costs such as the home burglary alarm system, fire alarms and sprinklers, updated wiring, electrical and heating systems. It is also important to know what you are exactly covered for such as floods or earthquakes; this might necessitate you to take an extra insurance cover. You should also keep a full list of your inventory and other personal possessions with in case of an occurrence of an insurable event.

For those taking life insurance policies, there is a wide range of things that you should know. There are two types of life insurance policy which include term and permanent or whole life or universal insurance policy. Term insurance policy involves undertaking an insurance policy for a set amount of time after which the policy matures and you are paid the balance, the term policy can be for five or ten years. For Permanent life insurance policy, premiums are paid throughout the course of your life time and the policy is only paid out upon your death.

An insurance company will need to get information from you such as your identification documents, your occupation, financial information and your lifestyle habits. You will also be required to take some tests and questions from a such as medical history and taking a blood pressure reading. It is also important to understand that there are ways in which you can reduce your life insurance premiums such as quitting smoking and drinking, losing weight and driving diligently. For a fulfilling underwriting of an insurance policy, please visit our website http://www.mortgageadviceservices.co.uk/insurance/ or call us on 01332 257087 and enjoy quality insurance policy and services from Mortgage Advice Services (MAS), the best insurance brokers in Nottingham.

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