K D Meadows & Associates

Insurance Broker in Shanklin, Isle of Wight, PO37 6AU

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About the Business

Insurance exists to protect you as an individual, and whereas some types of insurance are indispensable, others can become financial traps. It's important to weigh up carefully on a case-to-case basis exactly which services meet the individual's real need for protection.

We analyse each of your individual insurance requirements and develop a more appropriate and effective solution, thus enabling you to face the future with the confidence of a loss not turning into a financial disaster.

Business Services

Home Insurance

The rules governing the answers to the questions below vary from insurer to insurer but the answers have been compiled by reference to the general approach of most. The answers given as a general guide only. You should always read your policy and, if you have any doubt at all, check with your insurer.

What Is The Difference Between Home Buildings And Home Contents Insurance?

Buildings insurance covers the bricks and mortar, ie the general structure of the property and will include most permanent items such as kitchen units and fitted bedrooms. Contents insurance, on the other hand, deals with movable household items such as furniture and personal belongings.

What Is New For Old Cover?

Some policies insure house contents on an indemnity basis which means that, in the event of a claim, the insurer will settle the claim less an allowance for wear and tear. Most modern policies are set up on a new for old basis which, provided your sums insured are not understated, covers your property for its replacement value at today's costs. You should always read your policy to check for any exceptions.

What Is Accidental Damage Cover?

With most house contents policies if you pay an increased premium you can extend your cover to include accidental damage. Typical examples of accidental damage are cigarette burns in carpets, paint spillage or dropped ornaments. You may also be able to extend the cover on your buildings insurance to include accidental damage. This will cover you for such things as putting your foot through the ceiling when you are in the attic. Do ask for more details.

What Is All Risks Cover?

The new for old and accidental damage cover normally relate to incidents occurring within the house but, again for an increased premium, you can buy additional cover for property outside the house. The cover is normally on a worldwide basis and will include such things as loss or theft of baggage whilst on holiday, loss or theft of jewellery away from the home or something as simple as losing your spectacles.