Quote Ref: WS1

Canopius- My Home Policy Definitions

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Have you ever been confused with your insurance policy because you can’t understand some of the terms?

We can all interpret the same things differently, but when it comes to property insurance you have to be certain. The following words or phrases are used in our policies. This one in particular refers to the phrases used in the Canopius- My Home Policy.

All words in bold are listed and defined below.

Accidental damage: Single and sudden unexpected event resulting in physical damage.

Buildings: The main structure of the home, and the following belonging to your home all on the same land and used for domestic purposes: permanent fixtures and fittings, outbuildings, spas & Jacuzzis, terraces, sunken swimming pools, hard tennis courts, drives, paths, patios, walls, gates, fences and permanently fixed ornaments in the garden.

Buildings do not include aerials, satellite receivers and masts. The main structure must be built of brick, stone or concrete (but not pre-fabricated walls or panels), with a slate, tiled, concrete or felt roof. No more than 30% of the roof area may be flat or covered with felt.

Business equipment: Office furniture, computers, keyboards, monitors, printers, desktop publishing units, computer aided design equipment, fax machines, photocopiers, telecommunications equipment and stationery in the home which are used for your business, trade or profession (other than equipment belonging to your employer).

Contents: Household goods and personal belongings; money & credit cards up to £500 in total; high risk items - dependant on the number of bedrooms the home has:

One bedroom £12,500

Two bedrooms £15,000

Three bedrooms £20,000

Four bedrooms £25,000

Includes-

Free-standing hot tubs, Jacuzzis, swimming pools or spas up to £5,000

Free-standing wind turbines and solar panels up to £1,000

Business equipment up to £5,000

Pedal cycles up to £1,000 in total

Heating oil up to £1,000

Stair lifts

Guests’ personal belongings up to £500

Carpets

Tenants’ fixtures and fittings

Radio or television aerials, satellite receivers and masts fixed to or in the home

Downloaded electronic information up to £1,000 which you or a member of your family own or are legally responsible for.

Contents also include interior decorations that belong to you if you are the tenant or if you are the owner but not responsible for insuring the building.

Contents does not include:

Any property which is more specifically insured by this or other insurance

Any living creature

Trees, shrubs and plants; laminate and vinyl flooring

Landlord’s fixtures and fittings

Motor vehicles, electrically, mechanically or power-assisted vehicles whether designed for road use or not, (other than domestic gardening equipment, battery-powered toys or models, golf trolleys, mobility carriages that are not designed to go over 8 miles an hour or wheelchairs), caravans, trailers, aircraft, hang-gliders, hovercraft, land or sand yachts, Para karts, jet-skis or watercraft or any other equipment designed to be used in or on water, or any parts or accessories for any of these items.

Downloaded electronic information: Non recoverable electronic information legally downloaded by you or a member of your family from a legitimate website, which you or a member of your family have bought and hold a valid receipt for.

Excess: The amount you must pay towards each claim. If a claim resulting from the same incident is made under more than one section of this policy, we will deduct the higher excess.

Family: You, your domestic partner, children (including adopted and foster children), parents and other relatives who permanently live in the home.

Fixtures and fittings:

Built-in furniture

Built-in appliances

Fixed glass and sanitary ware

Fixed pipes, ducts, wires, cables, tanks, switches, fi res, central heating

Equipment, ground source heating pumps, boilers and storage heaters

Permanently fixed wind turbines and solar panels.

Heave: Upward movement of the ground beneath the buildings as a result of the soil expanding.

High Risk Items:

Video and photographic equipment

Articles of gold, silver, precious metals or stones

Any rare or unusual articles that are collectable

Jewellery, watches or pearls

Clocks

Pictures, drawings, sculpture or paintings

Guns

Musical instruments that are designed to be carried.

Home: The main structure and outbuildings used for domestic purposes only, at the address shown on the schedule.

Landslip: Downward movement of sloping ground.

Maximum Claims Limit: The most we will pay for any claim under any section (or its extension) as shown in this policy booklet or schedule.

Money & Credit Cards:

Current legal tender, cheques, postal or money orders

Traveller’s cheques

Saving certificates and bonds

Premium Bonds

Postage stamps not forming part of a collection

Gift tokens or luncheon vouchers

Travel tickets

Sports season tickets

Phone cards or mobile phone top-up vouchers (but only for the cost of replacing these for the period from the date you lost it to the date the original ticket or voucher runs out), if you cannot get a copy

Credit, cheque, debit and charge cards which you or a member of your family own or are legally responsible for and are not used in connection with any business or profession.

Outbuildings: Sheds, garages, greenhouses, summer houses (but not including caravans, mobile homes or motor homes) which are not part of the main structure of the home and not designed to be lived in.

Pair or Set: Articles which complement one another or are used together.

Period of insurance: The length of time covered by this policy as shown on the schedule.

Personal belongings:

Clothing, sporting and camping equipment and other items normally worn or carried, which you or a member of your family own or are legally responsible for.

Personal belongings do not include:

Any property which is more specifically insured by this or other insurance

High risk items; money & credit cards

Motor vehicles, electrically, mechanically or power-assisted vehicles whether designed for road use or not, (other than domestic gardening equipment, battery-powered toys or models, golf trolleys, mobility carriages that are not designed to go over 8 miles an hour or wheelchairs), caravans, trailers, aircraft, hang-gliders, hovercraft, land or sand yachts, Para karts, jet-skis or watercraft or any other equipment designed to be used in or on water, or any parts or accessories for any of these items.

Sanitary Ware: Sinks, wash basins, bidets, shower trays, baths, lavatory pans and cisterns.

Schedule: The document issued to you when cover is taken out outlining the cover provided to you under the period of insurance. We issue a schedule with each new contract of insurance, when you renew the policy and when we change your policy cover.

Settlement: Downward movement as a result of the soil being compressed by the weight of the buildings within 10 years of construction.

Storm: Strong winds in excess of 47 knots (54 MPH) that may be accompanied by heavy rain, snow or sleet, prolonged rainfall and weight of snow.

Subsidence: Downward movement of the ground beneath the buildings other than by settlement.

Unfurnished: When the home is not sufficiently furnished for normal living purposes for more than 30 days in a row.

United Kingdom: England, Scotland and Wales, Northern Ireland, the Isle of Man and the Channel Islands.

Unoccupied: Not used or intended to be used to provide overnight accommodation for you or anyone who has your permission for more than 30 days in a row.

Regular visits to the home, or occasional overnight stays, will not reinstate this cover unless the home has provided overnight accommodation for a minimum of four days in a row.

We, us, our: The insurer named on the policy schedule which is made up of the Lloyd’s underwriters who have insured you under this contract. Each underwriter is only liable for their own share of the risk and not for any other’s share. You can ask us for the names of the underwriters and the share of the risk each has taken on.

You, your: The person or people named on the schedule.

Please be wary that individual polices may vary and this is a general guide to policy wording. If you have any questions, you can contact UKinsuranceNET and speak to one of our highly trained advisors.

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