WebThe availability of insurance cover is subject to your application being approved. Terms, conditions and exclusions apply. For full details, refer to the policy wording.Discounts apply to the base premium before GST and levies are factored in. Taxes and levies are subject to change as prescribed by legislation. WebApr 12, 2024 · A property has a Sum Insured of £1M and a Value at Risk of £1.4M. The Sum Insured is 71% of the VAR. A relatively small claim of £25,000 would mean that insurers pay £17,750 (less any excess), leaving the policyholder to find £7,250. However, if the damage was more substantial and repairs were £600,000, the shortfall would be …
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