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Insurance

You never know what life is going to throw at you, which is why paying for insurance can help you rest easy, knowing that you’re protected from financial loss in the event of a sudden setback.

Recent insurance articles

Published: 16th May 2021

Can AI predict the stock market?

Business man on stock market crash financial trade indicator background.

With AI everywhere, it's only natural to ask whether AI can predict the stock market. We take a look at how AI works, and whether it works for stock prediction.

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Published: 22nd April 2021

Is Bupa worth it?

Serious puzzled businessman looking at laptop

Bupa is a leading private health insurance provider. But in the UK, where the NHS provides cost-effective healthcare for all, is Bupa worth it?

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Published: 10th March 2021

Is bicycle insurance worth it?

Female friends enjoying a vacation.

Whether you cycle or pleasure or commute every day, is bicycle insurance really worth it? Here are the pros and cons to help you decide.

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Published: 14th February 2021

What does flood insurance cover?

Aerial Houses Residential British England Drone Above View Summer Blue Sky Estate Agent

Flood insurance covers the costs of repairing your home and replacing damaged property caused by flooding. We take a look at everything you need to know.

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More on insurance

At MyWalletHero, we tend to be risk-averse when it comes to matters of finance. After all, no-one likes receiving a nasty shock – and especially not when it could lead to you having to pay out a large amount of money.

That’s why we’re such big advocates of insurance, which gives you peace of mind when it comes to your “big-ticket” items (those that could lead to sudden, expensive payouts in an emergency).

More often than not, incidents that lead to big bills aren’t caused directly by something you’ve done. As such, there’s no way of knowing when we’ll need to part with a lump sum to help cover the costs of that event… so if you’re asking yourself “Do I need insurance?”, we’d argue the answer is almost always “Yes!”

Take something a lot of us do day to day, for example: driving. All it takes is a momentary lapse in concentration from one of the many drivers you pass on a journey to cause an accident… Scary, we know! But equally frightening might be the size of the bill depending on the scale of the resultant damage, which can run into the thousands. However, the average cost of car insurance annually is under £500 for a comprehensive policy – a far more palatable figure that you can plan for accordingly! (Sometimes bundled together, purchasing car and home insurance together could lead to bigger savings as well, so keep an eye out for deals…)

While it’s not the happiest of subjects to discuss, understanding how to choose life insurance is arguably one of the most important lessons to learn, so that you can take comfort knowing your loved ones won’t have an additional financial burden in the event of your passing.

Being lovers of all creatures great and small, let’s not forget our furry and feathery friends (or reptilian pals!), either – pet insurance coverage is important to ensure that you can relieve them of any pain they’re in as soon as possible.

So when you come to compare insurance, we firmly believe our articles can help guide your research towards the best deals on the market!


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