Specialist Home Insurance in the UK: Facts for Buyers
The specialist home insurance policies you can buy for a UK home on the Internet are often cheap. Such policies entice you with various offers of discounts and vouchers and they may be perfectly adequate, provided you fit into their target market's risk profile. But if you own something out of the ordinary, Internet policies will generally not be what you really need for house insurance cover. In some cases, Internet-based specialist house insurances may even turn you away.If you own a listed building, have a collection of significant value, own valuable art (if only a single painting) or possess some items of high value jewellery, you should consider the type of specialist home insurance policy offered by non-Internet-based insurance companies.
These specialist houses insurance policies are sold only through approved insurance brokers like Dovetail Insurance Services Ltd. Such policies offer a great deal of flexibility and are issued on a bespoke basis to suit the individual needs of the policyholder.
Home insurance specialists like Dovetail consider each potential risk on its own merits, taking into account the lifestyle needs of the policyholder. For example, they may require a certainly level of security to protect your asset, but they will not apply a "warranty." In plain English, a warranty is a condition of cover before they pay a claim. Examples include insistence that your alarm be set whenever the home is unoccupied or that jewellery be put in a safe when not being worn. Such insistence is, in fact, a set of lifestyle restrictions, on which your home insurance rate will depend.
The insurance cover offered by Dovetail will automatically includes accidental damage to buildings and contents, plus worldwide protection against all risks for your possessions. This means that you are free to take whatever you wish away from home and that you have cover in the event of a loss.
If you own antiques or paintings and they are damaged, specialist home insurance will not only pay for the repairs, but also for any resulting loss in market value due to the damage.
In addition, specialist home insurance policies have high single article limits, typically £15,000 for art, paintings, items within a collection, sculptures, etc. The limit is generally £5,000 for jewellery, watches and guns. This gives you, the policy holder, a much greater freedom from worrying about whether a high value item is covered. You'll also spend less time setting up the insurance policy.
To find out how a specialist home insurance policy for residents of the UK may benefit you please call Geoff Moss on 01242 699113
