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On this page we share the latest news from the Fidentia Insurance Team and also give guidance on new developments in the insurance industry. If you would like to get more information about a specific news item, or would like us to cover a particular topic in future, please get in touch with:
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Common misassumptions when changing a household insurance policy mid-termMany people think that changing their household insurance policy mid-term has no implications. In reality, changes can affect a policy’s coverage, cost, or the policyholder's obligations. Here are the top five common misassumptions to be mindful of when making mid-term changes. Misassumption #1: The current insurance policy will automatically cover my changing circumstances. This is a very common misassumption. Not all changes to your property or circumstances are automatically covered by your existing insurance policy. For example, major renovations, adding high-value items to you... |
4 tips to avoid underinsuring your home, contents and valuablesWhen people take out insurance, they expect it to cover the cost of reinstating or replacing their valuables in case of a problem. Underinsurance is, however, a common problem. Sadly, it leaves individuals and their families with the financial challenge of making up the 'shortfall' when their insurance doesn't fully deliver the funds at a time it's most needed. Our team of specialists has shared four helpful tips to help you avoid underinsurance in your current policies and ensure you are adequately covered in case of a loss or claim. 1. Regularly review and update your insura... |
A crucial insurance must-do for fine wine, champagne, whisky and spirits storageIn a report in late 2023, Euromonitor International forecasted that retail sales of fine wines, champagne, and spirits would rise at a CAGR (current value compound annual growth rate) of 7% over 2023-2028 to reach £4.1 billion. Investment in fine wines, champagne, whisky, and other spirits is steadily rising, which is good news for those producing, shipping, and storing such luxury stock. Protecting your valuable investment Given the value of these products, getting insurance in place for the stock's storage is a must and a key priority for many in the trade. This is essential to... |
Redcare AlarmYou may have heard in recent news that BT will be withdrawing their Redcare services from the market, effective from 1st August 2025. We also understand that if a contract with BT expires prior to the 2025 deadline, then it may not be renewed – We advise you to contact BT directly for full details. The potential impact to private individuals and businesses insurance cover is significant as their insurance policy cover could be subject to a Redcare system being operational. These changes apply to both burglar and fire alarms. It is important that the specification & signalling metho... |
Christmas Message 2023Please note the following dates/times over the festive season: Friday 22.12.23 (closed as from 1pm) Saturday 23.12.22 (closed) Sunday 24.12.22 (closed) Monday 25.12.22 closed Tuesday 26.12.23 (closed) Wednesday 27.12.23 Open (limited staff) Thursday 28.12.23 Open (limited staff) Friday 29.12.22 (closed as from 1pm) Monday 01.01.24 (closed) Tuesday 02.01.2024 resume normal office hours ... |
