Month: April 2013

Insurance policy definitions

Home policy wordings include a definitions section, where the meaning of important listed words or phrases used throughout the document is contained. These selected words or phrases would be in bold font, so easy to identify.For example, the definition of the key word ‘land’ and one example of its use within the wording is detailed […]

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BIBA and Unitas members

BIBA The British Insurance Brokers’ Association (BIBA) is the trade organisation for UK general insurance brokers, looking after the interests of its members and in turn their clients. Today BIBA has just under 2,000 regulated members, since the merger with the Institute of Insurance Brokers (IIB) in November 2011. The general insurance broking sector is […]

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Claims settlement

This post looks into how insurers might deal with a buildings and contents claim. The general purpose of a home insurance is to put the claimant back to the same positive they were in immediately before the loss or damage, provided that the sum insured is not less than the current replacement cost of the […]

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