Online Savings on Car, Home, Pet & Travel Insurance from Asda Money
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About Asda Finance
ASDA, are the UK's second biggest supermarket and have helped their thousands of loyal customers to save money, not just on their ASDA groceries, but also for the last 5 years they have offered great value financial services including home and car insurance.
ASDA Finance offers a great range of insurance products including Car Insurance, Car Breakdown Cover, Home Insurance and Pet Insurance. Their home Insurance product in particular is one of the most competitive in the market with an impressive nine out of ten customers saving money when the switch to ASDA. We’ve taken a selection of their best insurance products which we’ve featured here to save you time as well as money when you’re shopping with ASDA!
As well as financial services, ASDA are becoming the number one online destinations for many other non-grocery related items such as electrical products, flowers and gifts. Their market share in the UK is growing and we predict that they will soon be giving many established specialist retailers a run for their money due to their fantastic prices, excellent customer service and easy to use website.
Watch this space for more ASDA news and special offers.
UK Finance Terms Explained
- Home Insurance also commonly known as homeowner's insurance is insurance that individuals can purchase that covers private homes. Policies usually provide combinations of various types of protections and can include losses incurred on one's home and its contents as a result of theft, or natural disaster, losses incurred from not being able to use one's home (paid as additional living expense). Some policies offer liability insurance for accidents that either happens at the individual's home or at the hands of the homeowner.
- Life Insurance is a contract between an individual and an insurance company, where for an agreed amount of money paid every year, known as a premium, the insurer agreed to pay a designated beneficiary an amount of money, should the insured individual should either die or face terminal or critical illness. Life insurance is designed to give individuals piece of mind that family or loved ones will be financially secured in the event of a death, and policies tend to fall into two categories, protection policies designed to provide a fixed benefit in the event of death or investment policies, where the main objective is to facilitate the growth of capital by regular or single premiums.
- Car Insurance also known as vehicle insurance is purchased by owners of cars, trucks or other vehicles primarily to provide themselves protection against damage to their vehicles from traffic collisions and to indemnify against a liability that may arise from such events. In most countries it is mandatory to hold car insurance, and under the UK's Road Traffic Act, motorists must either be insured, have a security, or have made a specified deposit of as much as £500,000 as of 1991, and it is an offence to use a car, or allow others to use it, without the insurance that satisfies the act whilst on the public highway.
- Travel Insurance is designed to cover any financial expenses or losses incurred whilst travelling, including medical expenses and money invested in nonrefundable pre-payments. Travel insurance can be purchased for either domestic or international travel, and temporary travel insurance can usually be purchased whilst making travel arrangements, covering the exact duration of the particular trip. Continuous travel insurance can be purchased directly from insurance companies, or through travel agents.
- Pet insurance are policies that individuals can purchase that covers the veterinary costs should one's pet gets sick, is injured or involved in an accident. Some policies even offer death benefits, making payments to owners should their pet die, gets lost or is stolen. The main purpose of such insurance is to mitigate the risk of risk of incurring significant expense to treat ill or injured pets as veterinary medicine is increasingly employing expensive medical techniques and drugs.
- Breakdown cover is a service that is offered to motorists that offers assistance to them should their vehicles experience a mechanical failure that leaves them stranded at a particular location. The service is usually provided by commercial providers for a set annual fee. Some countries offer this service as a government monopoly whilst other countries offer the service through insurance policies with annual premiums as opposed to member subscription fees. In Europe such cover is usually provided by each country's Automobile Association, though continent wide insurance can be purchased from a vehicle insurance company