A sudden, unplanned and unforeseen mishap or untoward event, not under the control of the insured, resulting in injury or damage. Personal accident cover may encompass injury caused by an accident or [..]

If there is no definition in the policy, the term will have its normal everyday meaning. Accidental Damage usually means unintended and unexpected damage caused by sudden (and external) means. Insurer [..]

A further premium payable by the insured as a result of a policy Endorsement (or Mid Term Adjustment) that may have increased the risk or amended the policy conditions or Sum Insured.

A term describing wider cover than is normally given under a property insurance policy. It covers any loss or damage unless the cause is specifically excluded. Typically, all risks cover will be used [..]

If the policy is subject to an Average clause, which is usually the case, and the Sum Insured is less than the total value of the property insured at the time of loss, the claim will be reduced in the [..]

An improvement made to the standard of insured property when it is repaired or replaced following a claim. Insurers may expect the insured to pay something towards the claim in these circumstances. An [..]

A general insurance clause permitting the insurer to terminate insurance cover during the policy term. The clause sets out the notice procedure the insurer must follow, and the basis for refunding the [..]

A condition setting out what the insured has to do in the event of a claim. It sets out when a claim should be reported, the evidence required and the assistance that the insurer may expect. In the ca [..]

Conditions Precedent in a policy come in two main types: The first is a condition precedent to the validity of the policy or commencement of the risk, such as the payment of premium. A condition [..]

Is a compulsory insurance that covers the insured’s legal liability for bodily injury or disease to employees if caused during the period of insurance. The policy also covers the insured’s own costs a [..]