NLIC.org

Courtney Said:

Are there any UK companies that do insurance for small animals other than cats & dogs?

We Answered:

ooh I so symphatise with you I had the same trouble when my pet gnat had a slipped disc last year I tried to get to get her(Gertrude) done on the house insurance after she flew into the window we call her gert now cause shes shorter,she was in agony for weeks bless could not get up or down stairs no sex she was frantic so I set up my own company called gnats pc I will be posting" Flyers" next week , good luck

Gordon Said:

ive lost 1000s in investing in uk insurance companies whats the problem ?

We Answered:

Hello,

(ANS) The problem is exactly the same as the banks, its ALL a question of whats termed "Liquidity" i.e. cash flow. Insurance companies manage their financial assets in a very similar way to the major clearing banks.

**Meaning, that banks & insurance companies have a) a big pot of liquid cash i.e. actual real money but b) banks & insurance companies also lend or loan money, especially overnight & on the wider money markets i.e. stock exchange. The problem comes because the amount lent out by the insurance & banks exceeds (by an estimated 30,40,50 times) the actual amount they hold in cash. If you like one simple way to think about all this is just to say No.1 banks & insurance companies now have a cash flow problem. No.2 They have themselves exceeded there own overdrafts and are now struggling to make the monthly repayments. No.3 The only difference here is that of sheer scale, we are talking Millions & even Billions.

**Please note:- Many of these major companies (once safe financial companies) saw the value of there assets wiped out by significant amounts yesterday in the global share crash.

**sadly, its ordinary share holders who will also loose out in a major way, its already happened across the world. As far as I can see there is little the ordinary person can do to change things as its gone well beyond that months ago. Trying to move your money around is a waste of time too, even buying solid gold wont help IMO.

**The problem is the same for insurance companies as it is for banks. No! difference, its the same cash flow problem.

Ivan

Ellen Said:

Which UK companies can offer better insurance rates for younger drivers?

We Answered:

I would recommend both tesco and virgin money
I have used both of these insurance companies over the past 4 years since i passed my test at 19. Both have give me good rates

Erika Said:

is there any halal insurance companies in UK who do taxi insurance?

We Answered:

UK: Sharia car insurance now available
You no longer have to be concerned that your insurance company is speculating in hog futures. Britain is becoming more diverse, which means Britain is becoming Sharia compliant. One day, if this trend continues, Britain will discover that Sharia is not quite as kuffar-compliant as British officials might imagine.

"Sharia car insurance: For the first time, Muslims can buy policies in line with Islamic law," from the Evening Standard, August 17 (thanks to Bark):

Muslim drivers are, for the first time, being offered insurance that obeys the teachings of the Koran.
Salaam Halal Insurance provides the same services as conventional companies but it is compliant with Islamic law. This means it cannot invest in any organisation associated with gambling, alcohol or pork. It is also not allowed to take financial risks or speculate with revenue.

Halal insurance – known as takaful – differs from standard British products because the risk is shared between policyholders. Drivers pay into a fund, which is then invested in sharia-compliant ventures and any profits are put back into the fund.

Claims are paid from the pooled sum and any surplus cash is distributed in the form of a discount for the following year’s premium. This is in addition to any conventional no-claims bonus....

Chief executive Bradley Brandon-Cross said: ‘The face of Britain is changing and it is the responsibility of British institutions to cater for such changes and welcome diversity.’