48 insurance
Home insurance – are you correctly covered?
If you are reading this article, the chances are you are a business professional, and have built up a sizeable asset base in the form of your home, contents and personal possessions
When it comes to insuring them, today’s technology and accessibility to the Internet means we can all become ‘insurance brokers’. But the question you have to ask yourself is: “Do I really know what I’m buying?” Is the cover right for your needs and lifestyle, are you correctly insured so you won’t have any nasty surprises in the event of a claim, and do you understand the obligations in the small print?
With a standard policy, calculating the sum insured is normally left to the homeowner. Getting it wrong can be costly if you’re found to be under-insured. Say a frozen pipe in your home causes £16,000 worth of damage, and after visiting you, the loss adjuster estimates that your home is under-insured by 25%. The insurer could decide to only pay out £12,000 – leaving you to pay the rest. It sounds harsh, but the premiums paid were calculated to cover only three quarters of your home, so one quarter wasn’t insured.
The simple fact is that we need insurance to claim property
New contents for major Thames Valley Property conference
'How to create a tech valley', 'Arrival of Crossrail' and 'Importance of Heathrow' are all on the TVPF 2014 agenda in September
The Thames Valley has often been in the shadow of London, seen at times as a poor relation to the delights of the West End and City of London locations traditionally favoured by property investors, occupiers and start up-companies. However, change is on the way with growth across the South East predicted at 3.3% (Centre for Economics) and M25 towns (such as Reading, Basingstoke and Guildford) reaping the benefits of this expansion of the economy. Occupiers, residents, developers and increasingly investors are now viewing the Thames Valley as a region of real economic value and realising that investment in the region can create a better return on capital than the over-heated markets of central London.
Established over 10 years ago, the Thames Valley Property Forum will be held on Thursday, September 11 at Ascot Racecourse. Last year over 170 delegates attended, this included over 25 speakers and panelists, including 15 exhibitors who used the ample space provided by the venue for their pop-up stands showcasing a range of companies and professional services that operated in the Thames Valley:
www.businessmag.co.uk
Tech valley and the digital sector What does the Thames Valley property market need to do to attract a digital community and compete with London’s ubiquitous Silicon Roundabout?
Thames Valley: home of the business community?
Business Parks are now an iconic part of the Thames Valley corporate landscape. How will these business communities adapt and survive as the town centres' offer becomes stronger?
Changing occupier trends
The logistics, distribution and industrial sector is now an essential part of the Thames Valley property mix. What does this mean for the region?
Reading 2050
Update on the Vision for Reading in 2050 following a unique and exciting piece of research by Barton Willmore.
Heathrow Airport – future choices Following the initial report from the Davies
THE BUSINESS MAGAZINE – THAMES VALLEY – JULY/AUGUST 2014
Commission, Heathrow Airport is now in play. What are the options for growth and how do Heathrow Airport north runway and the Heathrow Hub compare?
Town centre development plans
What opportunities exist on the high streets of the Thames Valley towns and should there be a change in attitude to new developments such as Bracknell and Maidenhead.
The Crossrail residential effect
Can the Thames Valley act as an alternative location for people to fulfill their dream of a live, work and play lifestyle or is the region destined to become an overspill for London as Crossrail comes into focus?
Partners include: Estates Gazette, The Business Magazine, MIPIM UK, Reading of University and the Thames Valley Berkshire LEP. Confirmed sponsors include: Gold – SEGRO, Silver – Bracknell Town Centre Regeneration, Heathrow Airport, HCR Law, Peter Brett Associates, Barton Willmore, Hicks Baker, Trade City and Kier.
Details: tickets, discounts and exhibition space –
info@ukpropertyforums.com 07768-377172
when things go wrong. It’s the ultimate moment of truth. Should the worst happen, you deserve the reassurance that you will have dedicated trained individuals ready to help you.
Jelf Private client executive, Daniel Hart, explains: “Most general insurance contracts come with various conditions and clauses, such as alarm settings and minimum security. That’s why we deal with niche household markets as they provide an exceptional claims service and generally underwrite with All Risks cover providing generous inner limits of cover for items such as outdoor contents, money, credit cards and home emergency cover. For example, a Jelf client made an ‘escape of water’ claim that totalled £5,000. The claim was settled in a matter of days via a direct BACS payment – and there was no need for a second estimate or a loss adjuster visit. It’s this kind of service that sets our high-value household policies apart from standard policies.
“If you own a higher-value home I would always
recommend utilising the expertise of a specialist broker as they match your cover to your precise needs and support you in the event of a claim.”
The Jelf private clients team works with leading specialist insurers to make sure that the cover it offers clients is anything but ‘off the shelf’. Its insurance solutions typically involve a more detailed assessment of property and assets, therefore establishing cover requirements tailored to a client’s precise needs.
Details: Daniel Hart 0118 -9839867
daniel.hart@jelfgroup.com
Christopher Beech 0118-9839942
christopher.beech@
jelfgroup.com
www.jelfgroup.com
Jelf is a trading name of Jelf Insurance Brokers*, who are part of Jelf Group plc (Reg No. 2975376) which is registered in England and Wales at Hillside Court, Bowling Hill, Chipping Sodbury, Bristol BS37 6JX. *Authorised and regulated by the Financial Conduct Authority (FCA). Not all products and services offered are regulated by the FCA. JIB175.06.14.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56