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Finance Articles | November 21,[url=http://www.belstaffshop.com/topichtml/timberland-outlet.html]timberland outlet[/url], 2012 A new rule concerning automobile insurance coverage is not extensively identified about in the UK. A lot of drivers across the UK remain unaware that it will be compulsory to have vehicle insurance on all automobiles beneath their ownership in the close to future, new investigation has shown.Earlier this week (April 18th), road safety minister Mike Penning laid the final regulations of the Continuous Insurance coverage Enforcement (CIE) in parliament,[url=http://www.motorcyclejacketmall.com/topichtml/second-hand-belstaff-jackets.html]second hand belstaff jackets[/url], which signifies that it will be a criminal offence to keep a automobile without having breakdown vehicle cover, rather that just to drive although not possessing a policy.On the other hand, a study performed by the AA amongst its members has shown that some 59 per cent had not heard of the new statutory requirement to have an annual insurance coverage package.According to the study, of those who knew of the ruling, 38 per cent indicated they did not fully grasp its intricacies.Fines will be put into force for those that fail to abide by the new rules, which will demand everyone that owns a automobile to guarantee it is insured, regardless of whether it is basically employed.Simon Douglas, director of AA Insurance, noted: "This difficult action is to be welcomed but it is vital that the government undertakes a campaign to boost awareness."Meanwhile, new study has shown that car or truck insurance coverage premiums are climbing.Shoppers hoping to take out dwelling insurance or breakdown vehicle cover seem probably to struggle to access goods with competitive rates in the near future, new research has suggested.According to a study published in April 2011 by the AA, dwelling and auto insurance prices are both continuing to improve in the UK in the aftermath of the international financial downturn.Professionals think that the rapidly rising price of insurance is also thanks to the existing claims culture whereby consumers are pushed to claim the maximum achievable amount,[url=http://www.motorcyclejacketmall.com/topichtml/belstaff-trialmaster-jacket-review.html]belstaff trialmaster jacket review[/url], occasionally exaggerating the situations in order to improve the payout.The most current AA British Insurance Premium Index has shown that the typical 'shop-around' premiums on annual car cover went up by 40 per cent in the 12-month period ending in March 2011.This represents the biggest ever annual raise recorded by the survey given that its inception in 1994, but the corporation maintains that this trend is unlikely to continue throughout the remainder of the year.Simon Douglas, director of AA Insurance coverage
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