Home & Legacy Portfolio Plus Policy

Minimum and Maximum Sums Insured

We can handle risks up to £50,000,000 at any one location, covering buildings, contents, fine art, antiques and personal possessions.

The minimum sum insured for A) Buildings is £100,000 and the maximum is £15,000,000. The sum insured should relate to the rebuilding cost of your property, not the market value.

The minimum sum insured for the combined total of the remaining contents sections, (i.e. contents, fine art & antiques, gold and silver items added together) is £50,000 and the maximum sum insured is £15,000,000.  

Cover for second homes with sums insured lower than the above limits can be provided when insured in conjunction with the main property.

Major features of Portfolio Plus Include:  

• Physical Loss or Damage cover (including accidental loss or damage) on Contents, Fine Art and Personal Possessions

• Buildings cover includes Accidental Damage

• Worldwide cover for Fine Art including depreciation in value following damage as well and a single article limit of £25,000 means fewer items need to be specified

• The policy is free from warranties and there is no average clause

• Worldwide cover for Personal Possessions without any time limit and with a high single article limit of £10,000 the policy is easy to use

• Trace and Access of leaking pipes covered up to £15,000

• Guests Effects covered up to £5,000

• Unlimited Frozen Food cover

• Students Possessions included up to £10,000

• Cover for home business equipment up to £15,000

• Family Legal expenses cover automatically included up to £100,000

• Emergency Property Assistance included automatically

• Identity Theft resolution service and insurance cover included up to £12,500

• Weekend and holiday homes, pieds a terre can all be added to the same policy

• Interest Free Direct Debit payment option

• A Risk Appraisal Service is included

BUILDINGS

• Accidental damage cover included

• Cover for the buildings of the home against specified perils including Fire, Flood, Storm, Subsidence, Landslip, Heave, Impact, Explosion and Accidental Damage

• Alternative accommodation and forced evacuation

• Alternative Accommodation for you and your family including pets and horses and loss of rent covered up to 25% of the Buildings sum insured.

• Tracing leaks

• Trace and Access cover up to £15,000

• Liability to others

• Property Owners and Defective Premises Liability cover up to £5,000,000

• Outdoor items

• Option to cover Outdoor items such as statues and ornaments

• Loss of metered water and oil

• The cost of oil lost and increased metered water charges up to £2,500

• Other homes

• Cover available for second/weekend/holiday homes and pieds a terre

• Essential Alterations

• Cover up to £20,000 to pay for essential alterations to the home in the event of a member of the household becoming disabled.

• Upgrading Security

• Cover up to £15,000 to pay for the costs of upgrading security following a criminal assault in the home.

CONTENTS

• Worldwide Contents Cover

• Physical loss or damage cover (including accidental loss or damage) for the contents of the home whilst anywhere in the world.

• New Acquisitions

• New purchases are automatically covered up to 20% of the Contents sum insured with up to 60 days to notify Insurers

• Religious festivals and wedding gifts

• The contents sum insured is automatically increased by 20% for religious festivals and weddings

• Office business equipment

• Up to £15,000 for office business equipment whilst it is at the home

• Freezer cover

• Unlimited cover for the contents of freezer cabinets

• Second home

• Cover for the contents of second homes up to £50,000 included automatically immediately Insurers are given details of the additional home.

• Replacement locks and key cover

• Unlimited cover for the cost of replacing keys and locks to external doors windows and safes including the cost of replacing or reprogramming electronic keys.

• Halls of residence and residential care

• Cover for student possessions whilst at university, college or school, and for contents at Nursing homes or residential care homes up to £10,000

• Property of the guests

• The personal effects of guests at the home are covered at the home up to £5,000.

• Liability to others

• Liability to domestic employees covered up to £10,000,000.
  Personal and Occupiers Liability up to £5,000,000

• Loss of rent and alternative accommodation

• Alternative Accommodation for you and your family including pets and horses and loss of rent covered up to 25% of the Buildings sum insured

• Computer records

• The cost of retrieving or reconstructing computer records are covered up to £5,000.

• Deeds and documents

• Deeds and Documents are covered for the cost of replacement up to £2,500.

FINE ART AND ANTIQUES

• Worldwide cover

• Cover for Fine Art, gold, silver, gold and silver plate and antiques against physical loss or damage, including accidental loss or damage, whilst anywhere in the world

• Vaulted items

• Cover for Fine Art, gold, silver, gold and silver plate and antiques against physical loss or damage (including accidental loss or damage) whist in vault including 30 days removal in any one period of insurance.

• New acquisitions

• New purchases are automatically covered up to 20% of the sum insured with up to 60 days to notify Insurers’

• Depreciation in value

• If any item of Fine Art is damaged, cover is provided for the cost of restoration and for any loss in value as a result of the damage.

• Inflation protection

• In the event of a claim the unique inflation protection clause allows for an increase in value of up to 200% of the original declared value in order to take account of any rise in the value since the last valuation.

PERSONAL POSSESSIONS

• Worldwide cover

• Cover for Personal Possessions against physical loss or damage (including accidental loss or damage) whilst anywhere in the world

• Money and credit cards

• Cover can be provided for the loss of cash up to £5,000 and up to £10,000 for the unauthorised use of credit cards

• New acquisitions

• Automatic cover for new purchases acquired anywhere in the world for up to 20% of the sum insured with up to 60 days to notify insurers.

FAMILY LEGAL PROTECTION

Portfolio Plus helpline

The Portfolio Plus helpline is available 24 hours a day 365 days a year to provide immediate expert advice with private legal problems, medical and healthcare issues and personal UK tax problems.

Family legal protection

Legal expenses cover up to £50,000 for legal fees incurred in pursuing a claim for::

• Death or injury involving a motor vehicle

• Breach of contract for the purchase of goods and services

• An infringement of legal rights arising from the ownership or occupation of your home

• Breach of a contract of employment

Defending a claim arising out of the sale of privately owned goods.

EMERGENCY PROPERTY ASSISTANCE

A 24 hour helpline giving immediate access to an emergency repair service for essential services and appliances by approved tradesmen. Parts and materials call-out charges, up to 2 hours of labour charges up to £350 and overnight accommodation up to £250 are all covered.

IDENTITY THEFT RESOLUTION SERVICE & IDENTITY FRAUD INSURANCE

The Home and Legacy Portfolio Identity Theft Resolution Service will provide you with access by phone to repair your credit rating by instructing all three credit reference agencies. The service is supported by a unique document management application that seamlessly automates the process and uniquely interacts with all three agencies. Documents will be personalised and generated on your behalf and either emailed or posted to you for signing and forwarding onto the agencies.

The Identity Theft Resolution Service consists of three steps:

• Request for Credit files

• Identity Recovery and CIFAS protection

• Proof of identity

Identity fraud insurance

Cover for up to £12,500 in respect of:

• Defending a claim by a financial institution

• To remove incorrect judgments

• To challenge a consumer credit rating

• For witnessing of signatures

Postal and telephone costs incurred in dealing with Financial Institutions, Police and Credit agencies

Fees charged for reapplying for a loan which has been rejected

Lost earnings as result of time away from work to attend Police, financial institutions and credit agencies.

WORLDWIDE MULTI TRIP TRAVEL INSURANCE

Worldwide multitrip travel cover (optional extra)

Annual worldwide multi trip travel insurance is included for the whole household aged up to 66 for up to 61 days any one trip (longer trips can be covered on request).

Winter sports

Option to extend the travel cover to include winter sports

Benefits include

• Medical expertise to arrange medical assistance or transport home following an accident or illness or if you are informed of a serious illness of a close relative at home whilst on holiday.

• Unavoidable or necessary cancellation or curtailment of the trip before completion due to, death, bodily injury or illness, compulsory quarantine or jury service, redundancy, withdrawal of leave for members of the armed forces or emergency services, the Police requesting you to return to or remain at your home due to serious damage to your home caused by fire, aircraft, explosion, storm, flood, subsidence malicious persons or theft. The maximum we will pay under this section is £5,000 per person.

• Medical, surgical, hospital, ambulance and nursing fees up to £10,000,000 outside the United Kingdom (other than the Channel Islands).

• Emergency dental treatment for pain relief up to £200 incurred outside the United Kingdom (other than the Channel Isles).

• Reasonable cost of funeral expenses abroad up to £1,500 plus the reasonable cost of conveying the ashes or body home.

• Reasonable additional transport or accommodation expenses incurred if it is medically necessary for you to stay beyond your scheduled return date.

• Up to £10 for every completed 24 hours in patient hospital stay up to a maximum of £500.

• Up to £15,000 for death, loss of limb or sight and permanent total disablement. Up to £1,500 for death if under 16 years of age.

• Up to £150 for the emergency replacement of clothing, medication and toiletries if your baggage is lost and not returned for more than 12 hours on the outward journey.

• Up to £200 for reasonable additional costs for travel and accommodation incurred whilst obtaining a replacement passport or visa abroad.

• Personal liability for any compensation you become legally liable to pay up to £2,000,000.

• Delayed departure for at least 12 hours from the scheduled departure time. £20 for the first complete 12 hour delay and £10 for each completed 12 hours following, up to a maximum of £60.

• Up to £5,000 for any irrecoverable travel and other pre-paid charges if you choose to cancel your trip once 12 hours has elapsed.

• Up to £300 for additional room only accommodation and travel expense due to the failure of public transport or an accident or breakdown of the vehicle you are travelling in or strike.

• Up to £20 per day up to a maximum of £200 or the cost of hiring ski equipment following the loss, theft of or damage to your own ski equipment. Your schedule will show if you have selected the winter sports extension.

• Up to £200 for the unused portion of your ski pack following your bodily injury or illness and up to £150 for the unused portion of your lift pass if lost. Your schedule will show if you have selected the winter sports extension.

• Legal expenses and costs in pursuit of a civil action up to £25,000.

Cover is subject to various Exclusions and Limitations. Please refer to the Policy Wording for full details of the cover and the Exclusions and Limitations.

EXCLUSIONS AND LIMITATIONS

General Exclusions

• Anything mentioned in the General Conditions, General Exclusions and Special Conditions set out in the Policy wording.

• Any specific exclusion or limitation shown on your policy schedule.

• The standard deductible and any increased amount you have agreed to pay will be shown on your policy schedule.

• Loss or damage due to wear and tear, gradual deterioration and consequential loss.

• Liability arising from business purposes. Cover may be in place where cover is extended under Part B – Contents. Please refer to your policy wording for full details

• Radioactive contamination, war risks, terrorism, sonic bangs, gradual deterioration, and date change

• Watercraft (e.g. windsurfers and sailboards) and mechanically propelled vehicles (e.g. quad bikes and motorcycles) and any liability arising from them.

• Accidental damage occurring in any part of the home that is commercially let other than to your relatives or other personal friends.

• Certain loss or damage occurring after the insured property has been unoccupied (see full definitions within the policy wording) for 60 consecutive days or more.

Exclusions under part A - Buildings cover

• Loss of or damage to fences gates and hedges or trees from flood or storm.

• Escape of water from a fixed water apparatus when the insured property is unoccupied (see full definitions within the policy wording) for 60 days or more unless either:

• A) The buildings are kept heated to a temperature of at least 10ºC
  or
  B) The water is shut off and the fixed water tanks, apparatus and pipes are drained.

• Escape of oil, accidental damage, vandalism, theft and accidental damage to cables, utiilities, drains, tanks and pipes when the insured property is unoccupied.

Exclusions under part B - Contents cover:

• To property left in an unattended vehicle unless all items are hidden from view, all windows are closed and all doors and the boot are locked.

Exclusions under part C - Fine art, gold, silver, gold and silver plate and antiques:

• Chewing, scratching, tearing or fouling by any animals.

• To property left in an unattended vehicle unless all items are hidden from view, all windows are closed and all doors and the boot are locked

Exclusions under part D - Personal possessions:

• Sports equipment whilst in use.

• To property left in an unattended vehicle unless all items are hidden from view, all windows are closed and all doors and the boot are locked

• Any bicycle being used for racing or hired by anyone outside your household and loss or damage to pedal cycles unless locked and secured to a permanent structure or motor vehicle when it is not in use outside of the private residence.

• Possessions used for business purposes.

Exclusions under part E - Family legal protection, emergency property assistance and identity fraud

Family legal protection

• Claims directly or indirectly caused or arising from planning or alteration to buildings.

• Claims arising from a dispute between a landlord and tenant.

Identity Fraud

Any identity fraud connected with your business, profession or occupation.

Exclusions under part F - Multi trip travel insurance

• There is no cover for trips over 61 days.

• Any person aged over 66 years unless specially agreed by the Insurer

• There are a number of activities, practices and winter sports that are excluded - please see paragraphs 2, 3 and 4 in the general exclusions section of Part F.

• Any claim arising directly or indirectly from your failure to comply with the Important Conditions relating to Health found in the policy wording.

• Wilful, self inflicted injury, solvent, drug or alcohol abuse.

• Unlawful actions and any subsequent legal proceedings brought against you.

• Travel to a country or specific area or event which the Foreign and Commonwealth office or the World Health Organisation has advised the public not to travel to.

• Redundancy caused by misconduct, resignation, voluntary redundancy or where notification of redundancy was given prior to the application for this policy.

• Any circumstances known prior to booking the trip that could reasonably be expected to give rise to a claim.

• Treatment or surgery which in the opinion of the medical practitioner in attendance can wait until your return to the United Kingdom.

• Medication, which prior to departure is known to be required.

• Expenses incurred as a result of a tropical disease where the required inoculations have not been undertaken.

• Your passport left unattended at any time unless in a hotel safe, safety deposit box or in your locked accommodation.

• Pursuit of any trade, business or profession, or the ownership, possession or use of any vehicles, aircraft or mechanically operated watercraft.

• Strike, industrial action or air traffic control delay publicly declared.

• Strike or industrial action publicly known by the date the insurance is purchased by you.

• Ski equipment contained in or stolen from an unattended motor vehicle between 9 p.m. and 9 a.m. or between 9 a.m. and 9 p.m. unless it is in a locked boot or covered from view in a locked car.

The above applies to policies dated 1st August 2006 onwards