Save Money Save Life

What is "direct" insurance?

Direct insurance is a simple way of describing the way in which insurance is sold directly to members of the public without the use of intermediaries. In the recent decade or so, there has been an explosion in this sort of buying, fuelled mainly of course by widespread access to and use of the internet. This has reaped the twin benefits of not only increasing competition amongst insurance providers but also of reducing their overhead costs (through operating online) and, therefore, making their products more cheaply available.

What has held back direct insurance Northern Ireland?

These advantages to the consumer that come with direct insurance are, of course, only realised when insurers actually agree to provide the cover requested, in the part of the country in which they live. In the case of Northern Ireland, unfortunately, many insurers shied away from such business and specifically excluded the provision of many forms of insurance cover for those living in the province. The reason for this was the actual - or perceived - incidence of additional risk that reached its height during the "troubles" of the 70s and 80s.

The current prospects

As peace, order and normality has replaced a troubled past, so the prospects for a normalisation of direct insurance, Northern Ireland, have improved considerably. More and more insurance companies are extending opportunities for the cover of all types of risk. Indeed, given the diversity of what is now on offer and the range of companies eager to do business in Ulster might make it worthwhile engaging a local, specialist insurance broker to help identify the best deals around