QUESTION 4:
I’m still worried that I’m getting too much insurance and paying too much on all the different policies. How can I make sure all my cover doesn’t just overlap itself?

ANSWER:
It’s hard to imagine that anyone likes reading insurance policy documents. But if you think you have too much cover it can be worth checking the terms and conditions. If you are in a trade of professional body then its experts should be able to help, as well as your own insurance, investment or tax adviser. Before you cancel any cover or try to manage without it experts say it is worth considering the hassle, as well as the expense, of dealing with a crisis on your own. The beauty of having an insurance company on your side is that it won’t just pay the legal costs of defending claims made against you. It will also employ the best lawyers it can find to do the job. Not many of us would know how to find these top lawyers if we had to find them ourselves. Finally it is worth noting some of the other benefits of indemnity insurance. In some cases an insurer may pay to help you put something right if you spot a problem even before a claim has been made against you. Can you manage without this kind of support?