How Drones are Changing the Face of Insurance Claims
Drones have the ability to take high resolution photographs and make aerial surveys. They can provide insurers with in-depth and highly useful information on the condition of a building. Drones are being used across the insurance industry to improve the detail, accuracy and efficiency of building inspections. Let’s delve deeper and find out how drones are proving beneficial to insurance inspectors.
Buildings Reinstatement Value: Why Getting it Right is Crucial
If your property was to be completely wiped out due to a fire or some other disaster, could you safely say your buildings insurance would sufficiently cover you for the full reinstatement and rebuild costs? The importance of getting it right when it comes to buildings reinstatement value cannot be over-emphasised. Yet it is one of the most common errors made when insuring a building.
Renovating Your Property? Why it’s Vital to Inform Your Insurers.
Extending a home, either upwards, downwards or outwards, has become the preferred choice for many seeking out that additional room to accommodate a growing family and, whilst making the addition, lots of people opt to upgrade the rest of the home too. Extensions and refurbishments can also add significantly to the value of a home, offering even further benefits. However, before you get started, there is something extremely important you need to consider: insurance.
The Insurance Act is Now in Force: Here’s What it Means for Your Business and Personal Insurance
It was back in March 2015 we reported that Parliament had passed the Insurance Act 2015, bringing in reforms that would spell the most significant changes to be introduced to UK insurance contract law since 1906. At the time we were preparing for an 18-month preparation period. This is now over, and the Insurance Act is, as of 12 August 2016, in force.
Insurance Premium Tax Rise: Navigating the Backlash
The Chancellor George Osborne’s decision to increase Insurance Premium Tax (IPT) was one announcement that was quietly slipped in to the July Budget. Quiet it may have been at the time, but one month on there is plenty being said. Here we take a look at some of the commentaries that have caught our eye, and offer a few opinions of our own on what has become a much-discussed topic.
Fence Down … Who Pays?
During gusts and gales – and we haven’t been short of them this year – one of the first things to bear the brunt is the humble garden fence. Take a look around after a storm and you’ll see plenty of them either floored or precariously propped up waiting for that final blast of wind to finish them off. If any of your fences have lost the battle and there’s a gaping hole where they once proudly stood protecting your property, you will no doubt be thinking about the cost of repair and whether you have insurance cover for it.