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Payment Protection Insurance
In today`s challenging work environment and due to the global economic downturn, there is a real concern for many people regarding the security of their job with the threat of being made redundant ever increasing. The biggest fear for many is that they may struggle meet mortgage payments or pay other financial commitments should they be made redundant. As people try to protect themselves against loss of income, they may opt for cover in the form of the controversial Payment Protection Insurance (PPI). Payment Protection Insurance is there to cover you should you fall ill, have an accident so you are unable to work or lose your job. Although this type of insurance can offer you the necessary cover you require there have been many instances where people have been mis-sold the insurance cover. This had lead to complications when trying to claim against the policy and has also left people paying far more for their policy than they should. Following this, it has recently been announced that people who believe they have been mis-sold Payment Protection Insurance (PPI) have now been given extra time to take their cases to the Financial Services Ombudsman. This specifically applies to people who have had a complaint rejected by the firm that sold them the loan, meaning they now have upto six months to take their complaint to the Ombudsman. At its peak, nearly 150 people a day registered official complaints regarding PPI with almost a third of the total number of complaints relating directly to controversial insurance payment product.

If your apartment catches on fire due to the negligence of a neighbor, it could cost you thousands of dollars. It doesn?t seem fair that someone else?s carelessness could cost you your prized possessions - but without fire insurance, it can.

Late for an appointment, Suzan squished her cigarette into a bottle and tossed it under the sink. A few hours later she returned to see the charred remains of what used to be building C in her apartment complex. Apparently, the cigarette wasn?t completely out, and her negligence led to a roaring fire.

Luckily, Suzan had fire insurance. This insurance provides coverage for losses from a fire and the resultant damage caused by smoke. Not only does this insurance take care of Suzan, but it also helps her neighbors. The insurance will pay for most, if not all, of the damages caused to the surrounding properties.

Fire insurance--also called renter?s insurance is incredibly inexpensive when you consider all that it takes care of. Some policies are under $300.00 annually. You won?t feel like it?s worth it until you finally need it... and then the annual fee will seem nominal.

Some tenants feel that they don?t need insurance--believing that the landlord is responsible for damages to their personal possessions. This is NOT TRUE. Most leases specify that you?re on your own when it comes to damages to personal possessions from fires and other natural disasters. The only time a landlord can be held responsible for your things is when the damage was caused due to his negligence. i.e. If the fire was caused by an electrical problem, etc.

If you don?t have fire insurance and you can prove that the fire was caused by your landlord or another tenant?s negligence, you may be able to recover some of your losses in small claims court. If the tenant/landlord is found guilty, he or she will be held legally responsible to repair the building, and replace or reimburse for the damaged possessions within. However, if you already have fire insurance before your property is damaged, they`ll go through the court hassles for you.