Hot Topics
- What Information Will You Need to Provide
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For Home Insurance you’ll need to enter details about:
- Can you be insured straight away online?
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If your home is a little unusual in some way, for example its construction is none standard or you want a particularly high level of insurance, then your details may have to be considered individually.
- When do you need your cover to be in place?
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In most cases, you can be insured immediately online. If you don't want to be insured straight away, then that's no problem. You simply enter a future date you want the insurance to start.
- How are the premiums calculated?
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All the questions you are asked to complete online will influence your premium even down to your postcode. Within milliseconds all your details will be electronically transmitted to a main computer which works out your premium.
- What is Index Linking and should you have it?
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Index Linking means that each year the insurance company will automatically increase the sums insured under your policy to reflect changes the country's rate of inflation.
Complaining about a Home & Contents Insurance Company
The general insurance industry is now regulated by the Financial Services Authority.
If you have suffered a financial loss and you cannot reach an agreement with the insurance company concerned then, you will be able seek compensation through the Financial Ombudsman which offers a free independent service. Their web site is at:
www.financial-ombudsman.org
Any other complaints about insurance companies should be addressed to the Financial Services Authority. You’ll find their web site at:
www.fsa.gov.uk
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