2021 Sees the Hardening Market Continue
Conditions in the property insurance market continue to be as difficult as they have been for a generation, making our message to clients difficult to hear. For some time…
Combustible cladding and insulation, the impact to insurance premiums
The cost of insurance for those living in buildings with combustible cladding and insulation is only one of the many challenges owners are facing. So why are insurers, aware of…
‘Hardening Market’ – What has caused insurance premiums to rise?
In 2020 we have seen increased buildings premiums from insurers that are often hard to swallow for our clients, but what has caused them to rise? On average the property…
What is Alternative Accommodation?
If your home is damaged by an insured peril (such as fire or water) and is rendered uninhabitable your insurers will provide alternative accommodation for you, your family and pets for…
What is a Policy Excess?
The majority of insurance policies do not pay out the full cost of any claim you make under the policy. They apply what is known as a policy excess. This…
Reinstatement Cost Assessments
It’s really important when insuring a building to make sure you know what the full rebuilding cost of the property is and use this when setting up your policy or…
Terrorism Cover or Not?
We live in an ever-changing world of uncertainty, where we can be exposed to all sorts of natural and man-made hazards and dangers. Whilst the vast majority of the time…
What is Trace and Access?
Trace and access cover is only operative if there has been water damage to the structure of the property caused by a leaking pipe or apparatus (such as a boiler/washing…
Don’t get caught out by under-insurance
All policies contain an underinsurance clause. So what does this mean to you? At the commencement date of your insurance policy, it is your responsibility to ensure the sum you…
What is a broker?
What is a broker and why should I use one? By definition, an insurance broker is: "a person or company registered as an adviser on matters of insurance and as…