Car insurance is a contract between you and insurer, specifying each party's rights and obligations. Essentially car insurance company promises to provide specific coverage for you in return for your payment of car insurance premium.

It is vital to know what your car insurance policy covers. It could be a complete and comprehensive policy that covers you for all risks that might be surrounding your car. The basic requirement is that in event of an accident, you are covered for compensation that you may have to pay for injury to other people and their vehicle. This is an amount that could run into several thousands which will be covered in car insurance policy.

There are two main types of car insurance policies available in UK :

Third Party Third party insurance covers insured when driving on private property as well as on public roads. This policy offers protection against legal liabilities as well as covering third party claims.

Comprehensive Comprehensive insurance cover is most popular form of cover, most important addition being accidental damage cover, where policyholders can get their own vehicle repaired in case of damage. For people who want to be covered against as many risks as possible, then comprehensive policies is solution.

You should read your car insurance policy carefully to ensure it gives you level of cover you are seeking. There should be no small print or difficult language in modern insurance policy documents. If you are unsure about what policy does or does not cover then just ask your insurer or insurance adviser to explain.

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One of most common types of loan is a secured loan. A secured loan is a loan which is backed by assets belonging to borrower in order to decrease risk assumed by lender. The assets may be forfeited to lender if borrower fails to make necessary payments. The number one asset is property which could be your home, your office, your farm or your factory.

A secured loan uses your home as security. It is suitable if you want to raise a large amount; are having problems getting an unsecured loan; or have a poor credit history. Lenders are more flexible with their underwriting, making a secured Loan possible when you may have been turned down for an unsecured loan.

A secured Loan is a loan that a lender provides on understanding that a property is secured against loan. This type of loan is usually provided with a lower interest rate than an unsecured loan because you will have secured your property against it.

A secured loan enables homeowners to borrow capital and offset risk against value of their property. This means that anyone taking out a secured loan is effectively using their property to guarantee loan. If borrower fails with repayments, there could be a possibility their home is at risk.

Secured loans are normally quicker to arrange because lender has some security to offset against loan should you default on repayments. In most cases this is cheapest type of loan with interest rates on loan a few percentage points above base rate.

The only problem with loans in general, is that they will have to be paid back.

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