Useful Property Insurance information

How to check you are properly covered when you buy a property?

When buying a property we highly recommend that an insurance health check is undertaken before you commit yourself financially. Before ...
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How to check you are properly covered for your exposures, if you are sub-letting your leasehold Private Dwelling?

  Are you properly covered for your exposures as a landlord?  Do not wait until you have a claim to ...
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How do you know if your building sums insured are calculated correctly?

This document intends to simply act as an aide-memoir and you should seek the professional advice of your building surveyor ...
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Handling of low value personal injury claims

As a result of the Lord Justice Jackson Review on civil litigation and the Ministry of Justice (MoJ) consultation on ...
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Why don’t Insurers like vacant properties?

As if it isn't bad enough that your precious property asset is unoccupied, but there are some matters you cannot ...
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What insurance cover do I need for my properties?

In addition to the principle buildings, rent/service charge and liability cover, property owners will need to consider a whole range ...
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What are adequate levels of Property Owners Liability Insurance?

In an ever increasing litigious society, prudent property owners will be well advised to obtain adequate levels of third party ...
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What is Contract Works (Minor Works)?

The Policyholder's contract works at the premises covered by the policy up to specified limits are commonly automatically covered by ...
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What is a Denial of Access clause?

This clause provides cover when a Tenant does not pay their rent because they cannot access their premises due to ...
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How can I cover against Loss of Rent and Service Charges?

The policy offers cover to protect rental income (both actual and anticipated), where under terms of the lease/license/agreement, the Rent ...
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How can I cover against Failure of Third Parties Insurances?

Effectively, this provides the full cover offered by the policy for the premises owned by the Policyholder on a contingency ...
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What is Inadvertence to Insure cover?

If a property is inadvertently omitted from being added to the policy, cover is still automatically provided subject to specified ...
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What is an Unoccupied Clause?

A vacant property usually poses a significantly increased risk to the insurance company. Insurers may still offer cover but may ...
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What is an Other Interests Clause?

This clause allows Third Parties who may have a legal right, to be named on the policy, without being specifically ...
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What is Subrogation Waiver?

A basic right of every insurance company is for them to be able to attempt to get their money back, ...
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What is a Non Invalidation Clause?

Essentially, this clause gives peace of mind to the Policyholder in the knowledge that if a Third Party (e.g. the ...
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What is a Deletion of Average Clause?

This clause effectively removes the condition of Average from the policy (whereby the insurer can proportionally reduce the claim if ...
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What is a VAT Clause?

Depending on the insurers wording, the Policyholder may not have to include VAT in the reinstatement valuation, regardless if this ...
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What is the Day One basis of cover?

The "Day One" basis of cover is the usual way of insuring buildings and this simply means that the building ...
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Buildings

In normal circumstances, the insurance will provide cover for the full reinstatement of the buildings and fixtures and fittings belonging ...
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What are the General Principles of Cover Provided?

An "All Risks" policy principally offers cover for an identifiable incident which causes damage or results in a loss. Despite ...
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