In a series of articles over the next couple of months Stephanie Selby, Property Team Manager will be answering your frequently asked questions in relation to Block of Flats Insurance.
What is an excess?
The excess is the amount you must pay towards each claim. Excesses are shown on your policy schedule and/or by endorsement. Excesses can be/are specific to an Insured Peril.
Another question which we are frequently asked is “What is an insured peril?”
An insured peril is a source or cause of damage or loss which is covered by your insurance policy. They can include Fire, Theft/Attempted Theft, Escape of Water, Accidental Damage, to name but a few.
Does making a claim affect my premium?
Making a claim will not affect the price of your insurance straightaway, but you may see an increase when it is time to renew. As you would expect, people with fewer or no claims tend to pay less for their building’s insurance.
For further advise on our Property Policies or for a no obligation quote for your insurance please contact Stephanie Selby, Property Team Manager via the details below.
A-One Insurance Group comprises separate companies, who are authorised and regulated by the Financial Conduct Authority.
A. Westbourne branch: 94A Poole Road, Westbourne, Bournemouth, Dorset BH4 9EF
E. Stephanie.Selby@aoig.co.uk
T. 01425 486541
Leave a Reply