Glossary of contents insurance terms
These terms are here to help you with your Household Insurance purchase. The answers given are meant as a guide, before you buy your policy you should check the individual terms and conditions shown in the insurers policy wording.
computers and their peripheral equipment, fax machines, photocopiers, office furniture, telecommunications equipment (both owned and rented but excluding mobile telephones), stationery and office supplies. It does not include work in progress or files or the cost of reconstituting work in the event of an incident.
your sums insured, as stated in the schedule will be adjusted, annually, in line with approved indices and your premium will be adjusted at renewal date accordingly. If you wish to reduce your sums insuredyou must inform your insurer and for your buildings insurance your mortgage provider if you have one.
cash, cheques, postal and money orders, stamps, savings stamps, travellers cheques, tickets, season tickets and luncheon vouchers. It does not include stamp or coin collections.
no claims discount
a discount from the premium given if there have been no claims in previous years. The discount increases according to the scale in the policy with every year that is free of claim. If a claim is made or incident notified the no claims discount is disallowed. In the event of the incident not materialising into a claim payment the no claims discount will be reinstated.
the policy offers cover against the principal perils of fire, explosion, earthquake, lightning, riot and civil commotion, storm tempest or flood and damage resulting from the accidental escape of water, burst pipes, impact by road vehicles, aerial devices or articles dropped therefrom (this does not include damage caused by birds), falling trees, theft or any attempted theft. For a full definition of the cover is described in your policy wording.
external walls of brick or stone or concrete and roofed externally with slates, tiles or concrete or any other non-combustible mineral and no more than 20% of the total external roof area being flat roofed and/or felt or bitumen covered.
basically, standard cover includes, fire, lightning, earthquake, explosion, theft, water damage (burst pipe & flood), impact (by animals, vehicles or aircraft), falling trees (including branches, telegraph poles & receiving aerials), malicious damage, subsidence, heave and landslip and personal liability. Terms, conditions and exclusions apply.
the statement, which you have agreed to by purchasing this insurance, which forms the basis of the contract of insurance. Your agreement is that the information given is true and that no material facts have been withheld or suppressed.
jewellery, precious stones or articles made from gold, silver or other precious metals, clocks, watches, photographic equipment (not for commercial use), binoculars, telescopes and the like, musical instruments, antiques, curios and works of art, stamps and coin collections.