Make sure you have essential insurance, says expert
Article Category: Debt Consolidation Help and Advice
Consumers failing to insure themselves against risks will only come to regret it, one expert has said.
Fool.co.uk revealed those considering cutting back on insurance policies should ensure they do not cut essential cover such as car and home insurance.
David Kuo, head of personal finance at the website, said those that buy insurance they do not need are right to cancel such cover as it is a waste of money but consumers must ask themselves one question.
"Whether you can afford to bear the risk?
"But if you don’t buy insurance that you do need, then eventually your decision will come back to haunt you," he concluded.
YouGov Research commissioned by Deloitte has found significant numbers of consumers are looking to save money when it comes to insurance policies.
More than one quarter (26 per cent) of those buying insurance from a price comparison website are looking to reduce their spending.
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