Insurance since 1919
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 […]
Often included under contents insurance. Usually up to 15% of the contents sum insured for loss of or damage to the contents whilst temporarily removed from your home, but within the territorial limits (Great Britain or the United Kingdom). Theft also includes from a bank or safe deposit or while in direct transit to and […]
Having had experience of sharing a home with lodgers I know that it is generally beneficial, both financially and in terms of company. On a practical note it is important that you ensure that you have the right insurance policy in place. If you invite someone to live in your home and take money for […]
Some policies may have security requirements applied by the insurer, especially homes in London and other big city postcodes. Home insurances with large contents sums insured or where there has been a burglary claim may also have security requirements attached to the policy. The most common requirement relates to locks on external doors and accessible […]
Home insurances usually include storm damage as a standard peril, on the basis that the policyholder can pinpoint the date when the damage occurred, so the insurer can check with the Met Office whether there was storm conditions at the time. The reason for this is that only damage and loss resulting from storm is […]
Standard home insurances are generally designed to insure the main occupied residence of the policyholder. Any variation, such as regular unoccupancy due to work commitments or an extended holiday would have to be specially agreed. When a home becomes unoccupied, the definition would be detailed in the policy wording which could be 30 or 60 […]
A video from Insurance Times looking at the widespread flooding that has gripped the UK and how the future of flood insurance could be like. Insurance Times looks at recent flooding in the UK
More claims arise from escape of water (or oil) than any other under home insurance, making the cover given and the terms applied an important issue when choosing a policy. A home insurance will cover the damage caused by the escape of water from fixed domestic heating or water installations and domestic appliances, such as […]
Most quality home contents policies include cover for permanent household removal, covering accidental damage whilst in transit to another address to be owned or occupied by the policyholder. Cover only applies for homes within the territorial limits of Great Britain or the United Kingdom. As always there are conditions attached, with damage to china, glass, […]
Ocaso’s unoccupied home insurance is specifically designed for vacant homes and comes with a useful choice of policy periods of 3, 6 or 9 months. If required a further short term insurance could be taken out, if for example the home is unsold. The policy comes with a wide range of perils insured, similar to […]