What is contents insurance?

Insurance companies in Ireland define 'contents' as the type of stuff you would take with you if you were to move house.Furniture, clothes, electrical items, money and jewellery are an example of the range of items classified as contents. Contents insurance also covers some fittings such as carpets and curtains. You should make sure that your policy covers these.

What does contents insurance cover?

Contents insurance covers your home contents against loss or damage by fire, explosion, lightning or earthquake,theft or attempted theft . It will also insure against water leakage, storm or flood damage.

Here is a summary of what is covered by the majority of insurers in Ireland;

• Fire, explosion, lightning, earthquake, smoke

• Escape of water or oil from any fixed water or heating installation or domestic appliance

• Impact involving an aircraft, aerial device or anything falling from them

• Vehicle, train or animal

• Falling trees or branches

• Falling aerials, satellite aerials, their fittings or masts

• Riot, civil commotion, strike, or political disturbance

• Malicious persons or vandals

• Storm or flood

• Subsidence or Heave of the site beneath the buildings or landslip

• Theft or attempted theft 

How much contents cover do I need?

The”insured sum” is the most important figure to consider. Get it wrong and you could lose out. Over estimate it and averaging will apply, underestimate it and you will be penalised.

Go through each room methodically. Bring a pen and paper, or ipad, or computer notebook, or whatever you prefer. List each item and put a rough value against it. Make sure you include the attic, the shed, the garage and any other possible storage area. Double check your valuations and make sure they are up to date. You can check the replacement value online for most items.

When you have completed your valuations you can then decide on the type of cover that you want.

There are two main types of contents cover, “New for old” and “Indemnity”

“New for Old” means that if an item is destroyed or stolen you will get the cost of replacing it with a new item.

“Indemnity” compensates you for the value of the item at the time of the loss.

When should I take out additional contents cover?

You may find that the average home contents policy does not cover you adequately for certain items . You should take out additional cover. It costs more but think of the cost of replacing the item.

Accidental Damage cover is good for when you accidentally break a valuable family treasure.

You can also get cover for listed items when outside your home.  {KomentoDisable}

Start your quote today. 

It can be difficult to obtain insurance for non standard buildings in Ireland. Difficult but not impossible. We can help you arrange top quality house insurance cover for your non standard constructed dwelling in Ireland.

We will search among some of the top Irish Insurance providers to get your best policy.

What is non standard construction ?

The obvious answer is anything that is not of standard construction. Now that we have got that out of the way, it might be easier to explain what standard construction is.

Standard houses are built using, brick, concrete or stone. Timber framed houses are included, where they have a concrete brick external cladding and the roofing consists of at least 70% tiles, slates, metal,asphalt or concrete.

I built an extension with a flat felt roof, am I covered?

That depends on a number of factors, including the percentage of overall roof area that is felt whether is is regularly maintained and the age of the roof.

You should talk to one of our qualified experts to make sure that you have the correct insurance for your circumstances.

It costs you nothing and it may save you a lot.

What cover can I obtain for my non standard construction house?

We can arrange for you to cover a wide range of risks, typical of a standard construction dwelling.

Cover can include the following:

Storm or flood damage.

Damage caused by explosion, lightning and fire,

Earthquake and aircraft damage,

Flooding or damage caused by storm,

Oil and water pipes bursting and causing damage.

Theft and burglary,

Vandalism or malicious damage,

Animal or vehicle impact causing damage,

Subsidence.

What other cover should I consider ?

You should consider legal expenses cover. If you have to go to court to defend your rights you will incur uninsured losses and other legal expenses. Legal expenses cover gives you peace of mind that comes from knowing that you are in a position to get what you are entitled to in court and that you will not have to compromise an action simply because you cannot afford to risk the costs.

For more on Personal legal expenses insurance, see here>>>    

For more information and help, contact one of our qualified experts for a no obligation consultation today.

Use the call me back button (above)

Or start the quotation process by clicking on the quotation button above. {KomentoDisable}

 A community centre has such a wide variety of uses and users, that it's insurance needs can be wide ranging. It is for this reason that you should examine all of the ways in which your community centre is being (and may be ) used.

Make a list of all the users and how they interact with the centre.

What type of visitors use your facility?

What is the potential for risk and accident?

How can you plan to minimise the risk and potential disruption?

For peace of mind, when you have carried out this exercise, talk to one of our qualified experts for some free advice on what to do next, and to double check that you haven't missed something.

The community centre is at the heart of the community. You can help minimise the risk and save money. Contact us today. Just click on the call me back button' fill in the call details and we will contact you.

Or use the quote button. {KomentoDisable}

Remember at mypremium.ie we are here to help you get your best policy. 

 As the owner of an apartment block in Ireland, you know how important value for money is.

Good value insurance products that are suited to your needs can be hard to find.

In order to compare the market for insurance in Ireland you need to decide on the cover you need. 

What are the important risks to protect against?

The most obvious one is Damage to property. Your policy should also include damage to the grounds and landscaped gardens surrounding the block of apartments.

Loss of metered utility supplies, gas, electricity, fire brigade charges, replacement of locks and keys, might seem minor compared to property damage, however they all add up, and you should make sure to include them. Tracing the source of a leak and gaining access to deal with it can be an expensive and important task. We recommend policies which cover this.

Make sure that alternative accommodation in the event of damage to the property which necessitates the removal of the occupants from the building is included.

The common areas of the building can pose the greatest risk in terms of liability. With large numbers of residents, their visitors and invitees passing through them it is essential to include this cover.

Employers liability and public liability insurance is vital in order to protect you and your investment.

Loss of rent and book debts cover can be included in your tailor made policy.

Legal expenses can be very expensive. You do not want to be exposed to the risk of having to go to court to defend your rights and run the risk of costs being awarded against you.

Legal protection cover is essential for any business in Ireland.

It covers;

• Legal fees in case of employment disputes

• Compensation awards cover

• Legal defence fees for you and your employees

• Property protection

• Personal injury

• Cover for fees arising from Revenue Commissioners’ investigations
  

If you have set up a limited liability company to purchase the apartment block or to run the common areas then you should consider  Directors and Officers Liability Insurance. This type of insurance offers indemnity against wrongful acts committed by the directors in their capacity as directors. If a director acts wrongfully as a director, you can sue them . If they do not have sufficient funds or assets, then it is a hollow victory. It is better to minimise the risk by taking out Directors and Officers Insurance. For more see>>> {KomentoDisable}

 Don't just auto renew.

Contact one of our qualified experts for a free review before you renew. You'll be glad you did.

Our aim is to make it easy for you to arrange insurance cover for your caravan.

Whether you are a first time caravan owner, or a seasoned caravan enthusiast we will explain what cover you need and we will arrange a caravan insurance policy that is tailor-made for your individual requirements.

When we buy a caravan in Ireland, we think of the many hours of pleasure that await us.

We, understandably, give no thought to the risks and liability involved in owning and travelling with a touring caravan. It is important to protect your caravan by arranging a suitable insurance policy, as soon as you buy your caravan.

If your insurance is due for renewal, get a quote from us before you renew.

Is caravan cover easy to obtain in Ireland?

There are not as many providers of caravan insurance in Ireland as, for example, providers of car insurance.

It is relatively easy to obtain through our web site.

Just fill in the quote request form and one of our qualified experts will help you decide on your best policy.

No pressure, just valuable guidance, that could save you a lot.

What type of policies are available for caravan owners in Ireland?

The caravan world is divided in two for the purpose of insurance, touring caravans and static caravans or mobile homes.

We will deal here with the touring caravan. This is the caravan that is towed behind your motor vehicle.

For information on static caravans or mobile homes see here>>>.

 You should also consider motor breakdown insurance for added peace of mind See here>>>

When you think of it, you are towing a large valuable asset behind you at speed in the dangerous environment of the open road.

The risks include :accidents, collisions, high winds, unbalanced loading, and also fire and theft.

The touring caravan insurance is aimed at protecting against these type of risks.

Against what risks does my caravan insurance cover me ?

Your Trailer Caravan policy protects your Trailer Caravan against Physical Loss or Damage to:

• The Structure, Fixtures, Fittings and Equipment of the Mobile Home/Trailer Caravan including outside gas cylinders.

• Contents and Personal Effects and Luggage whilst contained in or about the Mobile Home or Caravan Trailer.

• Transport Costs Following Damage. The policy will cover reasonable costs for removing the Trailer Caravan to the nearest repairer and the re-delivery to your home address or fixed site in Ireland after repairs which are covered under the terms of the policy.

What's excluded in the insurance policy for my touring caravan ?

The excess is excluded. This is the amount that you have to pay towards the cost of the damage. In most policies this is €150.

Loss of use is normally excluded in most policies.

Normal wear and tear is not covered.

On a standard policy, any damage incurred while the caravan is let or hired for reward is excluded.

You should try to use drive on drive off ships at all times, where possible as damage caused during the loading or unloading process from other ships is not covered.

Make sure that you securely anchor your caravan during the period 1^st November to 31^st March, inclusive. If loss or damage is incurred, it will be excluded, if you don't.

This is just a quick summary, and you should examine each policy in detail, to familiarise yourself with the extent of the cover provided.

If you want further information contact us by clicking on the call me back button and filling out the call back form.

Start your quote today using the quote button above.

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photo courtesy ifor griffiths.

The financial rewards of letting your home or a flat can, at first sight,appear to be outweighed by all the regulations you need to comply with and by the various risks and costs involved.

However, this is not necessarily the case: a good knowledge of what you are doing,

good management and a good insurance package will take care of most eventualities.

There is no law which says you must carry insurance as a landlord, or as a tenant, but it would be foolish not to protect yourself from the financial loss associated with the risks. If you have a mortgage your lender will almost certainly insist that the property is properly insured.

• If you are letting your property your mortgage company will want to know about it and may insist on certain conditions, such as appropriate lettings policies indeed some financial institutions will in fact increase the rate of interest charged to you if you change their security from principal private residence to a rented property.
• Don’t forget, it’s easy to obtain insurance cover by not disclosing all the material facts (such as the fact that you are letting the property) but, in effect, you are not insured. If anything happens the insurance company will investigate and will almost certainly refuse to pay out.
• Landlord’s policies for residential letting are now very competitive and there is little difference in cost from normal household policies.
• The cost is a deductible expense for tax.

For peace of mind and for your best policy use the quotation button above, and see what value is in store for you. {KomentoDisable}

Over-insurance is a waste of money and under insuring property will ultimately cost you a great deal should you ever need to make a claim.  Just as it is important to cover your premises for the right type of protection it is also important to make sure that you insure for the correct value. {KomentoDisable}

Some of the protection available:

• Property Damage Perils can include Fire, Lightning, Explosion, Aircraft, Riot, Civil Commotion & Malicious Damage, Earthquake, Storm/Flood, Escape of Water, Impact excluding own vehicles, Theft, Glass & Accidental Damage.
• Cover is available for the buildings and any contents contained within.
• Public/Property Owners Liability This covers third party property damage or injury claims brought against the insured by a third party as owner of the property. Examples could include a slate falling from the roof and causing injury to a third party.
• Employers Liability This covers claims brought against the insured as owner of the property for death, injury or illness of an employee working on the property. Examples include a temporary employee carrying out minor property repairs or a cleaner.

 Mortgage Protection

 Are you in the process of buying a house, thinking of buying a house in the near future or currently repaying the mortgage on your house?

 Mortgage Protection may be a requirement by your lender when taking out a mortgage.

It is also a very useful protection for your family, should you die before you repay the loan.

Mortgage Protection - (also known as decreasing term assurance), has a sum assured which reduces each year (or possibly each month) by a stated amount, decreasing to nil at the end of the term.

It is normally used to cover a reducing debt, such as the capital outstanding on a house purchase mortgage, with the sum assured being linked to the reduction in the capital outstanding under the loan.

Although the cover decreases each year, the premium remains constant.

Premiums are sometimes payable for a shorter period than the policy term itself, because otherwise there would be a temptation for the assured to lapse the policy in the last year or two, when the sum assured has reduced to a comparatively low level.

Premiums for Mortgage Protection are either slightly cheaper than for level term assurance for the same initial sum assured and term – or the same, but payable for a shorter period.

Mortgage Protection is the cheapest form of Life Assurance available.

The reason for this is that it decreases in line with your mortgage repayments every year.

If you have a mortgage on your property this type of insurance is vital.

The cover will be paid directly to the lender who will use the funds to pay off the outstanding balance of the mortgage.

In this way the borrower’s dependants will then own the residence in full, without any outstanding mortgage.

 It is also possible to add accelerated serious illness cover to your mortgage protection so that you are covered in the event of premature death and also being diagnosed with a serious illness: whichever event comes first.

Mortgage Protection cover is only suitable if you have a Capital and Repayment mortgage.

It is not suitable for an Interest only facility.

mypremium.ie can help you choose from a range of providers to find the cheapest and most suitable protection available and suitable for your needs.

How can I be sure that I am paying the best mortgage protection rates on the market?

By using our free comparison service.

We compare the top providers in Ireland to find you the best deal for your circumstances.

We also have a dedicated switching team, to make the move easier, when you decide to move to a better rate.

Think of how much you save over the course of the mortgage.

Contact us today on 047 62500

or use the quote button 

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