Policy start date:
Under-insurance Please note the importance of entering the correct rebuild cost insured below. If you are under-insured - which means the cost of rebuilding the buildings at the time of loss or damage is more than your sums insured for the building - then we will only pay a proportion of the claim. For example: if your sum insured only covers one half of the cost of rebuilding the buildings, we will only pay one half of the cost of repair or replacement.
Please tick this box if you would you like to also insure the Contents of the property. This optional cover is available as a fixed sum insured of £15,000 for a fixed premium of £95.20 for a period of 3 months or £168 for a period of 6 months, inclusive of Insurance Premium Tax (IPT).
Please Note: There is an early cancellation pro-rata refund of premium on the 9 and 12 month policies subject to a minimum premium of £150.00, but for the 3 and 6 months policies the above premium is in full for the term of the insurance with no refunds.
Subsidence: Subsidence cover is included unless excluded on the Schedule of Cover. Unoccupancy Clause: Damage caused by escape of water, between the period from 1st October to 1st April unless the water system at the premises has been turned off and drained or the central heating system is in continuous operation at a minimum temperature of 550 F (130C). In continuous operation means in operation 24 hours per day, and not set to be switched off or on by the operation of a timer. The property must be inspected, by the Insured or the Insured’s representative, at intervals of not more than 30 days, and written records kept of such inspections. Security: Property must not be boarded up and the property must be secured by mortice deadlocks or locks conforming to BS3621 or a multi point locking system fitted to all final exit doors and all accessible windows must be either fitted with a purpose designed key-operated window lock or screwed shut. If these security measures are not fitted and in operation an excess of £1,000 will apply to all claims for theft or attempted theft or where there is damage caused as a result of a riot, violent disorder, strike, labour disturbance, civil commotion or by any person of malicious intent. If a burglar alarm is fitted, it must be set.
It is a condition precedent to the liability of the Insurers to make any payment for any claims for loss or damage arising from internal flooding or escape of water that any exposed internal water carrying pipe work including any tanks or cylinders but excluding closed radiator systems are fully lagged or jacketed to current professional specifications. This endorsement supersedes anything to the contrary detailed within the applicable policy wording.
Under-Insurance: Please note the importance of entering the correct rebuild value insured above. If you are under-insured – which means the cost of rebuilding the buildings at the time of loss or damage is more that your sum insured for the building – then we will only pay a proportion of the claim. For example: if your sum insured covers one half the cost of rebuilding the buildings, we will only pay one half of the cost or repair or replacement.
Important Information: It is essential that all the information you provide us with is correct and complete. This is important because inaccurate or incorrect information may result in the wrong terms being quoted, claims being rejected or claim settlement reduced. In some circumstances the policy may become invalid. You should keep a record of all information supplied to us (including copies of all letters) in connection with this contract.
Declaration: I/We declare that to the best of my/our knowledge and belief all the answers and/or information given in the Proposal Form are true and complete. If the answers to the questions and/or information provided have been written by another person, that person has acted as my/our agent and the answers and/or information given by them will be treated as if they have been given by me/us.
I have read, understood, and agree to the Conditions above, signed