Many people will recognise the expressions “indemnity” and “new for old” as being related to claims on home insurance policies but what is the difference between indemnity and new for old on a home insurance policy? Both expressions refer to...
When an insurance company agrees to insure your home under a home insurance policy, the policy document is evidence of that contract. it details the cover provided by the policy and may include warranties but what is a warranty under a household insurance policy and...
When looking for home insurance you may well be offered alternative quotations based on either a sum insured basis or on a bedroom rated basis but what is the difference between a bedroom rated and a sum insured rated home insurance policy? The first point of...
Many people assume that if their home is damaged as a result of an act of terrorism then they will be protected financially either by their insurance policy or by the government. Unfortunately this is not necessarily the case, the standard home insurance policy issued...
The bedroom rated home insurance policy was introduced some time ago in the UK and provided home insurance buyers with an alternative to the traditional sum insured based policy but what is a bedroom rated home insurance policy? What is a bedroom rated insurance...
Whilst each insurance company and underwriter will have their own particular policy wordings for home building and contents insurance policies, most will contain a similar list of standard exclusions under home insurance policies. Policy Excess Often overlooked as a...
