NLIC.org

Dale Said:

Buildings & Contents Insurance £1,000,000?

We Answered:

Please contact us on 0845 686 0260.

We specialise in High Networth Property Insurance in the UK and have access to a wide panel of insurers to cover your flats.

Jill Said:

Insurance query - contents /buildings?

We Answered:

Insure through the Halifax.
They limit how much they pay out on high risk items but for everything else, they do unlimited.
They cost more but they pay out more as well.
Your insurance company didn't give you any options about restoration or anything like that. They cover repair or replace, and if there was anything that you didn't want to be considered as part of your claim, it is your obligation to make them aware of it, so the short and simple answer is sorry, but you under-insured yourself and they are within the rights to stop paying when you reach your limits.
The fact that they have paid out to the limit is surprising, as under-insurance normally deducts from payouts. If you insure only 80% of your contents, your insurance company will normally only pay out for 80% of the limit you have specified.

Loretta Said:

I think my boiler is about to go, will it be coverered under contents insurance?

We Answered:

no in short. your boiler is not covered by any insurance unless you have taken out an extended warranty on it.
As such your boiler is subject to ware and tare and maintenance, unfortunately insurance will not cover you for such

Terry Said:

can i claim my money back for miss sold buildings and contents insurance?

We Answered:

You state broker sorted it all out, but you must have the paperwork straight after, did you even bother looking at it?

As for buildings, if you have a mortgage, they insist on it.