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Every year, thousands of people blindly
renew their home insurance with their current insurer,
not realizing that they could probably benefit from
a better level of cover at little, if any, extra cost.
Whilst home and contents insurance is often seen
as the same from one insurer to another, this is a
long way from the truth. It's well worth thinking
about some key points and considering whether you
are with the right insurer. Below is an inside view
on some of the main issues for you to assess.
Hiscox, is the UK's leading insurer of higher value
homes and here are some reasons why you might be better
off with them:
Award winning claims service
Insurance is an unusual product. You pay insurer
money up-front in the hope that when something goes
wrong in the future they will compensate you under
the terms of the policy. A claims service, which is
fast, efficient and takes the stress out of any claim
situation, is important. In 2002 Hiscox won the Insurance
Times Claims Award for quality of claims service.
Generous cover as standard
Most insurance policies will cover you for a specified
list of events (fire, explosion, theft, storm, flood
etc), but very few give full accidental loss and damage
cover. With a Hiscox policy this cover is standard.
Worldwide protection for possessions
Insurance policies tend to clearly define where your
possessions are covered. Many restrict cover to 'in
the home' only, others have restrictive cover once
items are taken outside the home and only a few provide
comprehensive cover anywhere in the world. The top
of the range cover is usually referred to as 'world-wide
all-risks'.
A practical approach to security
Most insurance policies nowadays will insist on a
minimum standard of window and door locks and maybe
even fitting an alarm. Most insurers insist that your
security is fully put into operation every time you
leave the house or go to bed at night. Hiscox take
a more realistic viewpoint: whilst we may ask for
security, we usually leave it to your sensible discretion
as to when it is used.
No need for inventory
If you own valuable jewellery, watches, fine art,
antiques or collections, you will probably be asked
to specify individual items over a certain amount
(usually £1,000). You may need to provide recent
valuations upfront. A few insurers take a more lenient
view and will insure these items under your home insurance
policy without this hassle.
Wide cover for theft
Check your policy to see the level of cover given
for theft. Some insurers will only pay a claim if
'forcible and violent entry to or exit from a building'
is involved.
Generous maximum limits
Check your policy for any monetary limits imposed
on the cover. For example, theft from cars, theft
of money, garden equipment, losses from outbuildings
and pedal cycles. These limits vary widely between
insurers and some do not provide any cover at all.
Where the Hiscox policy has maximum limits, they are
very generous compared to standard home insurance
policies.
Hiscox, the UK's leading insurer of higher value
homes, recommends that you consider all of the above
when thinking about the renewal of your home insurance.
For a quote or more details of why you would be better
off with a Hiscox policy.
· Go to http://www.hiscox.com for their
online service or
· Simply Call 0845 330 9505
Hiscox Insurance Company Limited is a member of the
General Insurance Standards Council and is regulated
by the FSA. For training and quality control purposes,
telephone calls may be monitored or recorded.
Our service is for UK residents only. This offer
only applies to the Hiscox 505 Home and Contents Insurance
available via the above telephone number and website.
It does not apply to any other Hiscox products through
other sales outlets.
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