POW! Showbiz
  • POW! Recommends
  • Celebrity
  • Entertainment
  • Beauty
  • Culture
  • Fashion
  • Living
    • All
    • Health
    • Travel
    Travis Barker hospital updates: Kourtney Kardashian heads to husband’s side as daughter ‘asks for prayers’

    Travis Barker hospital updates: Kourtney Kardashian heads to husband’s side as daughter ‘asks for prayers’

    Revaluating Your Drinking Habits

    Revaluating Your Drinking Habits

    The above map shows where cases of monkeypox have been detected in America. On the right, the third column of the table shows the number of cases recorded over the last two days

    CDC launches Emergency Activation Center to combat growing monkeypox outbreak

    Hajj travellers turned away at airport as chaos continues for British Muslims

    Hajj travellers turned away at airport as chaos continues for British Muslims

    High blood pressure: Risk factors may include sleeping with the light on warns study

    High blood pressure: Risk factors may include sleeping with the light on warns study

    Fit gran, 63, claims it's 'not hard' to get toned bod as she shares workout secret

    Fit gran, 63, claims it's 'not hard' to get toned bod as she shares workout secret

    Trending Tags

    • Music
Contact Us
No Result
View All Result
  • POW! Recommends
  • Celebrity
  • Entertainment
  • Beauty
  • Culture
  • Fashion
  • Living
    • All
    • Health
    • Travel
    Travis Barker hospital updates: Kourtney Kardashian heads to husband’s side as daughter ‘asks for prayers’

    Travis Barker hospital updates: Kourtney Kardashian heads to husband’s side as daughter ‘asks for prayers’

    Revaluating Your Drinking Habits

    Revaluating Your Drinking Habits

    The above map shows where cases of monkeypox have been detected in America. On the right, the third column of the table shows the number of cases recorded over the last two days

    CDC launches Emergency Activation Center to combat growing monkeypox outbreak

    Hajj travellers turned away at airport as chaos continues for British Muslims

    Hajj travellers turned away at airport as chaos continues for British Muslims

    High blood pressure: Risk factors may include sleeping with the light on warns study

    High blood pressure: Risk factors may include sleeping with the light on warns study

    Fit gran, 63, claims it's 'not hard' to get toned bod as she shares workout secret

    Fit gran, 63, claims it's 'not hard' to get toned bod as she shares workout secret

    Trending Tags

    • Music
No Result
View All Result
POW! Showbiz
No Result
View All Result

Car insurance payment holidays extension could see certain drivers miss out

by POW! Showbiz
July 27, 2020
16 min read
0
Car insurance payment holidays extension could see certain drivers miss out
Share on FacebookShare on Twitter

RELATED STORIES

Travis Barker hospital updates: Kourtney Kardashian heads to husband’s side as daughter ‘asks for prayers’

Travis Barker hospital updates: Kourtney Kardashian heads to husband’s side as daughter ‘asks for prayers’

June 29, 2022
Revaluating Your Drinking Habits

Revaluating Your Drinking Habits

June 29, 2022

Motorists who have not already benefited from a car insurance payment holiday can still apply to the scheme.

The new extension means customers can apply for a three-month extension up until October 31.

However, it means some drivers could end up with car insurance disruption until the start of January next year.

But the scheme does not mean companies need to offer the extension unless the driver wants a three-month freeze.

Drivers who have payment holidays set to end could still find themselves struggling to find alternative help.

The Financial Conduct Authority (FCA) says firms should continue to consider what they can offer to those affected by coronavirus.



The scheme was to help those financially struggling during the pandemic
(Image: Getty Images)
Read More
Related Articles
Read More
Related Articles

Motorists will still be able to change their risk profiles and switch to different policies under the extension.

Those with fully comprehensive cover could swap to a third party, fire and theft policy if it would be more cost effective.

Meanwhile drivers who used to commute to work could also find their cover reduced if their circumstances have changed.

Average mileage could also be reduced as less journeys have been made and earlier predictions are unlikely to be met.



But interest payments could build up over time
But interest payments could build up over time
(Image: Getty Images/Science Photo Library RF)
Read More
Related Articles

The FCA’s measures came into force on May 18 and is being looked at every three months.

But drivers have been warned to make sure any car insurance agreement “meets their demands and needs”.

A statement said: “It is important that customers don’t leave themselves uninsured, and that their insurance cover meets their demands and needs.

“Those struggling to afford their insurance or premium finance payments because of the impact of coronavirus should contact their insurer or insurance broker to discuss their options.”

But Martin Lewis previously warned about car insurance payment holidays on his weekly show on ITV.

He said: “This is for monthly payments on insurance.

“Technically, what happens is they pay for you and loan you the money to pay for the month usually with a hideous interest rate.

“And this interest rate will keep on racking up so don’t take this payment holiday unless you really need the cash flow.”

Source link

Tags: cardriversExtensionholidaysInsurancelifelifestylelivingMoneypayment

Recent Stories

  • Travis Barker hospital updates: Kourtney Kardashian heads to husband’s side as daughter ‘asks for prayers’
  • Johnny Depp suffered ‘damaged nerves’ during Pirates of the Caribbean stunt | Films | Entertainment

Categories

  • Beauty
  • Celebrity
  • Culture
  • Entertainment
  • Fashion
  • Health
  • Living
  • News
  • POW! Recommends
  • Travel
  • Cookie Policy
  • Privacy Statement
  • Opt-out preferences
  • Imprint
  • Disclaimer

© 2020 POW! Showbiz

No Result
View All Result
  • POW! Recommends
  • Celebrity
  • Entertainment
  • Beauty
  • Culture
  • Fashion
  • Living