Month: March 2013

Reasonable care condition

Home insurance policies include a reasonable care condition usually split into two parts. Firstly all reasonable steps must be taken to avoid or reduce the effects of accidents, loss or damage. When a mishap occurs the insured must ensure that losses are, where possible, restricted. For example, in the event of escape of water from […]

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Policy documents

Home insurance like other classes of insurance, comes with numerous supporting documents. All essential reading to understand the scope of the cover provided. This post looks at the main documents issued by providers, which should be set out in plain English so easy for a layperson to understand. When you take out cover or change […]

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Definition of valuables

Under home contents insurances valuables are usually defined as jewellery, watches, gold, silver, precious metals, gemstones, furs, pictures, curios and other works of art, stamp, coin and medal collections, televisions, radios, home computers, audio and home computer equipment. The reason for the definition is that valuables are more high risk than other general household goods […]

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Home insurance index linking

Insurers index link sums insured to keep pace with rising costs. Although policyholders only see their sums insured increase when the renewal documents are issued, most policies are index linked on a monthly basis, which could have a bearing on claims. Index linked adjustments continue from the date of a claim to the settlement, provided […]

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