Specified Items on Buildings & Contents policies
Following a review of our policy records, we have identified almost 10,000 policyholders who have specified items under their insurance cover and we need to confirm with them the correct cover required to meet their insurance demands and needs.
These policyholders will receive a letter from us prior to their policy anniversary date, asking them to call us and confirm the type of cover they need for the specified items. As a broker, there is no need for you to take further action, but please be aware your customers may contact you for advice.
VALUABLES SPECIFIED
UNDER CONTENTS COVER
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CONTENTS
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PERSONAL
POSSESSIONS
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Items specified as valuables are deducted from the total contents sum insured.
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Items specified as contents are deducted from the total contents sum insured.
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Items specified under personal possessions cover increase the total sum insured.
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Items composed of precious metal or precious stones, jewellery, watches, furs, curios and works of art, computer equipment, money or portable electrical equipment other than televisions or radios. See policy terms and conditions for full restrictions and exclusions.
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Other household goods, personal effects, freezer contents, furniture, televisions, radios, items kept in the home or domestic outbuildings. See policy terms and conditions for full restrictions and exclusions.
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Clothing, baggage, articles of personal use normally worn, used or carried by you or your family including gold and silver articles, jewellery, spectacles, binoculars and telescopes, mobile telephones, keys, guns, private pedal cycles, furs, sports equipment, timekeeping and photographic equipment. See policy terms and conditions for full restrictions and exclusions.
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If the value of an individual item is more than £2,000, specify it.
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If the value of an individual item is more than £5,000, specify it.
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If the value of an individual item is more than £1,500, specify it.
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Individual specified items limit up to £15,000 in total.
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Maximum limit £15,000 for an individual item or in total.
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Limit of up to £10,000 or up to £15,000 if Contents Extra has been selected.
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Mark any items specified with a ('C')
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Mark any items specified with a ('C')
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Mark any items specified with a ('PP')
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Remember if any contents, or valuables are specified under the contents cover, then this detracts from the sum insured of £40,000 or £60,000.
Extra cover is available for those policyholders who require more than £40,000 (where extra cover is selected).
This page is intended solely for the attention of Directly Authorised or Exempt firms as defined by the Financial Services Authority.