If an individual had taken out a critical illness insurance together with life insurance policy with an insurance provider, for them to pay out on a claim for example blindness the insured life must have not previously had any form of treatment for blindness or anything treated with their eyes.

For example a pre existing medical condition or any form of treatment that was prior to the policy being incepted must be disclosed upon inception of the policy.

When the policy was incepted and depending on the amount that has been insured checks will have been under taken to ensure that any pre existing medical treatment or conditions should have been disclosed. If it was to be found that the insured had not disclosed any form of treatment or medical issues that they may have had and a claim was to arise the underwriters would not pay out on the claim due to non disclosure.

If the business or company that you have set up is part of a larger group, you may not need to be registered with the F S A separately and individually because the larger company or business you are part of with already is registered with the F S A. the F S A help consumers become aware of any body trying to miss sell an advised product.

They are there to help protect the consumer and enable them to be allowed to have a product that is right for them and to allow the policy to be sold correctly this applies to Critical Illness Insurance.

A lot of the employees that are working for the F S A have been in industries that have first hand experience in the outside selling world. They are also graduates that have been specifically trained in the aspects that they will be working alongside with the F S A.

Whether you rent or own you’re a property, contents insurance is always advisable to take out. If your house/flat was accidentally burnt down or burgled could you afford to replace everything that you had inside? In exchange for a premium companies have policies that offer piece mind to ensure you are covered for events like this.

Contents insurance does not only cover you for contents of your house but it covers you for accidental damage to your goods insured, for example damage to TV’s, computers and breakages of mirrors etc. typically an insurance provider offers on a home contents insurance policy new for old cover, accidental damage cover (as discussed above), freezer food, new for old and in some cases and insurance company will cover items in your garden.

Generally you will need to disclose high value items such as jewellery which tend to be over £1000 and list them specifically on your policy, always check with the insurance company as the sum insured limit may vary. You also may want to consider taking Income Protection Insurance