Xel Finance - Motor Insurance
About Xel Finance
XEL-Finance's management team has a broad banking, finance and technology background that ideally positions it to provide a specialist portal dedicated to the lifecycle of your financial needs.
Xel Finance's experience ranges from senior executive positions within ABN AMRO, Bank of America, Citibank and UBS to tax and operational director positions in Salomon Smith Barney and Bank of America. The team has experience in providing strategic, IT and e-Business services to other Financial services organisations such as Credit Suisse Group, Goldman Sachs, ING and Old Mutual.
They have all experienced the frustration, both as providers and consumers, of how overly complex the buying of financial services can be for the 'man in the street'.
Therefore it is the ambition of XEL-Finance to simplify and demystify this complexity surrounding financial services.
In the new 'knowledge economy' the Internet has been hailed as the solution. Unfortunately, this has not been the case. The combination of customers getting acquainted with a new channel and traditional business trying to exploit it, has led to a replication of this complexity online.
This is where XEL-Finance excels. Xel Finance simplify and demystify financial services online for the customer. They do this by providing Xel Finance users with jargon free summaries and access to the top product providers. Xel Finance want to make navigating the Internet and buying financial products online a much more rewarding and simple process.
Xel Finance value their users and their comments and welcome suggestions on how Xel Finance can improve their service.
Xel Finance Car Insurance
In the UK the Road Traffic Act requires motorists to be insured against their liability for injuries to others, to passengers and for damage to the property of others. When buying a car insurance policy you need to decide what type of cover you require.
There are 3 basic types offering different levels of cover - Third Party, Third Party, Fire & Theft and Comprehensive.
Premiums vary greatly between insurance providers depending on the risk they are prepared to take. Factors such as the driver's age, sex, driving experience and record, occupation, residential address, whether the car is garaged at night, etc are taken into account.
You can reduce your premium by taking some level of risk, for example by accepting a "deductible" or "excess" amount for damage which is the amount you will have to cover yourself in the event of a claim or by building up a "No Claims" record over time. However, be sure you obtain quotes from several providers to keep a check on your premium.
Just by selecting any of the products on the product arc, XEL-Finance helps you to review the main products available. To compare the policies and premiums from a number of Select Providers and from an A-Z list of Providers simply select the Provider buttons at the bottom of each product page on the Xel Finance web site.
Bookmark XEL-Finance.com now. It will prove invaluable time after time.
Points to Watch:
When comparing premiums from providers be sure you are comparing policies of the same type. Then look at the add-ons. Some to look for and evaluate are:
- Restrictions on the use of your car, e g not for business, named drivers only
- The "deductible" or "excess" amount in the policy
- The amount of "No Claims" Bonus attributed to you
- Is the "No Claims" bonus protected against future claims
- Limits on benefits for legal expenses, medical expenses
- Amount and extent of any Personal Accident cover
- 24 hours claims help-line
- Approved repairer network
- Free collection and delivery from repairer following a claim
- Is a courtesy car provided when yours is being repaired
- New car replacement
- Amount of windscreen cover and if any deductible
- Audio equipment cover
- Breakdown assistance
- Overnight accommodation if required
- Use in the EU, if so, for how many days a year
3 Palace Gate House,
Hampton Court,
East Molesey,
Surrey
KT8 9BN
http://www.xel-finance.com
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