Newport Address:
51 High Street
Newport, Shropshire
TF10 7AT
01952 812 380
Stafford Address:
Odeon Buildings,
1 Newport Road,
Stafford, ST16 2HH.
01785 251 790
E-mail: click here
Welcome to Fiveways Insurance
Rebuild Cost
The amount insured for your House building should represent the sum it would cost to fully rebuild your property (not the purchase or resale value) plus an allowance for site clearance, architects and other professional fees. Whilst it is your responsibility to insure for the correct amount, an approximate guide would be around £60 per square foot (remember to include all storeys). This figure varies according to location and design quality of your property. If you are unsure you should have the property valued for insurance purposes. As a safeguard, assuming the original figure is correct, any policy provided by Fiveways Insurance Group would include index-linking protection.
Warranties
Warranties can be applied to your policy either because of a stipulation by the insurance company as a result of a perceived increased risk, or in response to discounts allowed for your burglar alarm and/or security locks on the property. BEWARE: If you apply for a discount because you have an acceptable burglar alarm and/or security locks, your policy conditions will include a warranty which will state that on all occasions that you are away from the home, the alarm and/or locks must be in operation. If a theft or attempted theft occurs and it is clear that the alarm/locks were not in operation, the insurers will apply the terms of the warranty. These terms vary from insurer to insurer but generally include a vastly increased excess. Some insurers may warrant that the cover does not apply at all if the alarm/locks conditions are not met. For these reasons, we would not recommend taking the relatively small 5% alarm/lock discount, thereby avoiding the additional conditions.
Specific Perils
The standard cover for home contents and buildings policies provides protection for damage caused to your building and/or contents by specified events. These are commonly: Fire; Explosion; Smoke; Lightning; Earthquake; Theft or attempted theft; Riot, Civil Commotion, Vandalism or acts of malicious people, Water escaping from fixed installations, washing machines, dishwashers, fridge’s, freezers, fish tanks etc; Oil leaking from fixed heating installations, pipes or equipment; Storm or Flood; Falling Trees; Subsidence, Heave or Landslip; Impact; Breakage or collapse of television/satellite aerials, fittings and masts.
Accidental Damage
As an additional protection, you can elect to pay for Accidental Damage cover on your Buildings and/or Contents covers. Accidental Damage provides cover for any accidental loss or damage, which happens as a direct result of a single unexpected event and which, is not specifically mentioned in the specified perils.
Legal Expenses
A legal expense policy is one which provides insurance for the cost of legal expenses incurred in taking action against a third party following an incident which has caused you injury or damage to your property.
Personal Possessions ‘All Risks’ Cover
The standard contents policy provides the cover for your contents within the home or boundaries of the garden. However, whenever you are shopping, visiting friends or travelling on holiday (UK or worldwide), you obviously have a need for cover against loss or damage for the 'possessions' you have with you at any one time. Cover can be purchased for your personal possessions to protect you from just such losses, even whilst travelling abroad. Simply select the level of cover you require. If you have any items individually worth more than £1000, then please list them as specified items. You can insure your baggage under a travel insurance policy, for individual trips away, but this is not necessarily the best way of covering your 'belongings'. If you cover your 'possessions' under this extension on your home policy, your travel insurance costs will be cheaper - see our Travel Rates.