UK Immigration Insurance Purchase Guide in 2020

Everyone knows that Britain has perfect social welfare and all kinds of insurance, so do new immigrants need to buy insurance when they first go to Britain? Dear, let me tell you a guide to the purchase of British immigration insurance in 2020.

General insurance in Britain

I. Life insurance (life insurance)

This is similar to the situation in China. Although it is unnecessary, it depends on personal and family circumstances.

Second, family insurance (housing insurance)

Compared with the United States, home insurance in Britain is not so necessary, but it also depends on your personal situation. If you buy Ping, I suggest you don't have to buy this insurance. If you buy a single-family house, especially an expensive private villa, it is necessary to consider buying home insurance. The maintenance cost of damaged houses caused by natural and man-made disasters is particularly high. Buying insurance can save you a lot of money.

In addition, if it is a rental house, it is also recommended to buy home insurance. Because renting a house involves the interests between the landlord and the tenant, when the house or indoor property suffers unexpected losses, it often causes contradictions and disputes between the two sides. If the owner buys rental insurance, these troubles can be properly solved.

Three. Commercial insurance (commercial insurance)

This kind of insurance is mainly for small shops, vendors, offices and family businesses in Britain. Small and private enterprises are more risky in doing business, so they should also take risks to ensure their income through drought and flood.

Four, auto insurance (car insurance)

This should be regarded as the most common insurance in Britain, which belongs to the insurance that you must buy if you have a car. You can't drive without insurance. The police have the right to tow your car. If you don't pay the insurance within 2 1 day (it will be expensive at this time), the police will destroy your car. This is a very serious matter, so most people pay auto insurance automatically every year.

The price of auto insurance varies according to your personal situation. If you are a novice, the insurance fee for the first year is generally around 1000. Of course, the prices of different insurance companies are different. You can bargain, and the final price depends entirely on your impeccable tongue.

After the second and third years, the price will gradually come down, generally about 300-500 kg a year; According to your car condition, the insurance prices of new cars, used cars, ordinary cars and sports cars are different, depending on the regulations of various insurance companies; And age. If you are under 25 years old, the price of auto insurance will generally be higher than the normal price. Before paying the auto insurance, you should check the safety of your car every year, and professionals will check whether your car can still be used.

Verb (abbreviation for verb) Fail-safe (trailer insurance)

This kind of insurance is common in Britain, but it is not compulsory. Towing car insurance is a nationwide 24-hour service to prevent cars from suddenly stopping on the road, especially on highways or remote suburbs, or at midnight. After purchasing trailer insurance, the insurance company will provide trailer service. However, this situation is rare, and it is really worthwhile to call a paying company to trailer.

Intransitive verb travel insurance (travel insurance)

Traveling abroad, especially traveling abroad, is generally bought for peace of mind. Especially when traveling from Britain to Europe, as long as you need to apply for a Schengen visa, you must buy travel insurance, which is one of the materials that a visa must provide.

Insurance that immigrants need to buy.

1. Family property insurance

Family property insurance is not mandatory by law, but if homeowners have mortgage loans, lenders may require them to buy insurance to protect their houses from disasters and damage. Experienced real estate agents can recommend insurance companies, and insurance agents can help customers analyze which scheme suits them. Customers can also find insurance companies on the Internet and get free insurance quotes to compare the best prices.

2. Car insurance

Unlike family property insurance, in many states, auto insurance is a mandatory requirement of the law. Car dealers can provide insurance information, or customers can cooperate with insurance agents, who can help them compare plans. Similarly, customers can also find insurance companies on the Internet and get free insurance quotes to compare the most favorable prices. In many states that need insurance, you must buy insurance before driving away from the place of purchase. You can prepare the agreement in advance and finalize it at the time of purchase, or you can buy it by phone before driving away from the dealer.

All insurance companies will have insurance provisions such as deductible and compensation. It is very important for customers to read through these terms and understand the scope of insurance before buying insurance. EB-5 from the UK who immigrated to China may choose to buy life insurance after arriving in the UK to ensure their family's financial prospects. Insurance brokers can help new residents choose options suitable for any insurance situation.

The question is coming, so who is suitable to buy British insurance? Can immigrants who are not British buy it?

1. People who intend or have immigrated to Britain.

British insurance is a product designed for the British market according to the regulations of the Internal Revenue Service (IRS), so that you can get huge benefits from insurance in tax. Therefore, for British citizens and green card holders who need to make global tax returns, buying insurance outside the UK will face tax problems.

2. People who buy real estate in Britain.

Overseas investors who buy houses in Britain face many risks: the risk of inheritance tax, the risk of loans and the risk of legal proceedings. British insurance naturally has the function of dealing with these risks. Death compensation can pay inheritance tax and repay loans, and the cash value in insurance is not recovered through legal proceedings, which has the function of asset protection.

3. People who want to allocate dollar assets.

The advantage of buying British insurance is that the rate of return follows the stock market without loss, reaching 6 ~ 8% for a long time; Cash, like demand deposits, can be used at any time.

4. People seeking asset protection and risk isolation.

British trust law has a history of hundreds of years, and its legal protection is perfect. Using UK Trust+UK Insurance can maximize asset protection and risk isolation.

5. People who want to buy the most cost-effective insurance.

British insurance has an advantage in premium, and British insurance is more attractive to the most savvy insurance buyers.

Seven advantages of immigrating to Britain

First, the social order in Britain is stable.

The average annual crime rate in Britain is low, people's lives are stable and orderly, and there is a complete and effective public security system in both commercial areas and residential areas. Good law and order, Britain is a country with a high degree of rule of law, respecting human rights and protecting private property.

Second, give children a happy childhood

Western education attaches great importance to cultivating children's independent thinking ability, creativity and practical ability, and also attaches great importance to cultivating children's self-confidence and organizational leadership. Its educational method advocates entertaining and letting children grow up in joy.

Third, let children enjoy real free education.

British schools are world-famous, and children under 16 can enjoy free public school education and first-class pure English education.

Britain's education level is second to none in the world, with many famous institutions of higher learning such as Oxford, Cambridge and Imperial College, which is also the reason why many people immigrate to Britain.

Fourth, there must be a "world link"

Due to frequent business activities, you may need to travel to different countries frequently. Holding a British passport to travel to more than 0/00 countries and regions around the world, you can get visa-free treatment and live and study freely in the EU. It can be said that having a British passport is equivalent to having a "World Pass".

5. Britain has a high quality of life and a sound social security and welfare system.

The British government is very concerned about national health and spends a lot of money on social security and the safety and stability of national life. British nationals and permanent residents can be said to have a sense of security and medical security.

6. Britain is one of the most developed countries in Europe and the world financial center.

The British capital market is very mature and developed, and the current exchange rate between RMB and GBP is also the best time to invest.

Seven, Britain allows dual citizenship.

Britain allows dual citizenship, travels around the world with a British passport and can work and live freely in the EU (27 countries).