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Hi
when setting out your income and expenditure please put down allowances for insurances to cover possible expenses.
For example if you have pets try to get cover for emergency treatment,my own dog managed to chop the tip of his tail off in a door and it,s just cost £280,luckily I have insurance[£7 month].Now if I was still in my IVA with no insurance how would I have paid for that?
It,s the same for car breakdowns,how much does it cost to have your car towed back ?,well over a £100 so again insurance is a modest £3-4 per month to cover this.You could also consider insurance against boiler breakdown at about £10 per month.
Obviously you can,t expect to insure every eventuality due to the cost,but I would consider the above essential and I would welcome Melanies view on this.
Just to add that life insurance is also an essential allowance.
Regards


Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
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Melanie's view is that this is very sound advice. And to add to boiler insurance, insurance for electrical appliances - ie cooker, fridge, freezer is also a good one to have, as these are costly to replace.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

I am sure this is good advice but my friend is with DFD and they ahve even made her cancel her life insurance. She has 2 children and a mortgage and now has no life insurance because DFD say she is not allowed to pay it.
I can only imagine what they would say if she tried to ask for money for Boiler insurance.

I have insurance for both my dogs, plus AA cover. Payplan never asked for a breakdown of what the insurances were, they were all lumped together in one sum.

Can't do life insurance though as with our health problems it would be to expensive (that's if we could find anyone to cover us!)

Don't have appliance cover though, something I should think about really. And we have a brilliant plumber who doesn't charge the earth for any problems with the boiler!

Andy, I hope your dog has fully recovered now!

We have taken life insurance out at £10 per month for me and we use our contigency money to fund this each month.

The appliance cover thing is a little too expensive for me,but we did get british gas cover for boiler,drains,electrics plumbing etc. Asda do a good breakdown cover through the RAc i think.

When we bought our fridge freezer we got quite good cover - £10 a month for 11 months got us 5 years cover which was well worth having.

We've also got British Gas cover for the full central heating system. We've got the cheaper cover and have to pay £50 per call out, but even so it saves a lot of money as we found out when our boiler went wrong.

Also, if you've got pets I think that insurance is a necessity - my mum's dog has got arthritis and will need treatment for the rest of her life and there's no way mum could afford it without insurance.

Washing machine too, I would jump off a cliff if mine went wrong and I couldnt get it fixed.

I'd have to ask mum if I could use her machine until such time as I could afford another one!

I'd probably miss the tumble dryer more.

Hi all

Domestic and general do a kitchen cover that covers three appliances for 9.99. I have freezer, cooker ( which just needed a new element and dishwasher. I am going to ring and cover the washing machine and tumble dryer as well, as they are just out of guarentee after they both went just before xmas last year.

Ang

Hi Ang,

That's a good deal - I might look into that for the washer, dryer and the dishwasher (would be totally lost without that!). Can't see them covering the cooker though as it is a large Rangemaster range cooker (bought on the plastic when I had some to splash about!)

Hi Ang hunny

Its so lovely to see you on the forum.

Tumble dryers are not too expense to replace but washing machines are spiteful things that hate you when you happen to be skint (I know thats always for us) or its christmas, right?

I remember having to rush out and buy a new machine on Christmas Eve one year. It was a case of having whichever they had in stock and taking it home there and then with the help of a neighbour!

Hi Lily

I am around just only managing five mins here and there. Hopefully will be back to normal soon.
When I spoke to them when the cooker went just before xmas they did say you can up the plan to 5 items so I am going to see about that. I kill electrical items all the time always worth it for me.

Ang xx

Our cooker went on Christmas eve once too, I was with my hubby then. We did the same whatever was in stock, luckily we had a seven seater car and his mom babysat. On plastic but we did pay it off within the six months.

Cracking cooker though as they only had the most expensive ones in stock (snigger) He paid. whoooa