Insurance

What is insurance?

Insurance is a way of protecting yourself and your belongings against a particular adverse event eg a burglary, fire, flood, subsidence etc. If these things happen and you have the relevant insurance in place, then the policy will pay out the agreed amount or an amount to cover the damage as appropriate. Of course, it may never happen, but are you willing to take the risk? Some insurance is compulsory, like motor insurance, and if you have a mortgage, then buildings insurance is a requirement.

What can we do for you?

We can obtain relevant insurance quotes after discussing with you your personal requirements.

You can make use of the internet and the comparison websites, but did you know that some of the comparison sites like comparethemarket.com and moneysupermarket.com*(see small print below*),  conduct a credit reference search as part of the quotation process these searches include electoral role and credit reference agency information and consequently if you are obtaining quotes from various comparison websites this can mean that several credit searches can be conducted without you being aware.  This potentially lowers your credit score; in the current financial market a reduction in your credit score can mean that it is more difficult to obtain credit.

By making use of the service provided by Minerva Financial Services you can avoid the pitfalls of numerous credit searches and we can obtain for you competitive quotations based on your particular circumstances and budget.

Make use of our:

• Knowledge of the general insurance market
• Renewal service – let us know when your insurance renewal date is and we will contact you prior to this and obtain quotes before automatic renewal.

We offer advice and recommendation on the following general insurance products:

• Buildings and/or Contents insurance
• Accident, sickness and unemployment insurance
• Landlords insurance

Contents Insurance

This will cover the cost of replacing your possessions lost or damaged due to unforeseen events, as detailed in your policy schedule.

Buildings Insurance

This pays the cost of repairing or rebuilding your home if it is damaged by unforeseen events, as detailed in your policy schedule.

Accidental Damage Cover

This is an optional extra that you can take out with either Buildings or Contents insurance. It provides cover for any damage that was not caused on purpose eg spilling paint on the carpet, putting a foot through the ceiling, accidentally flooding your kitchen etc.

Personal Belongings Cover

This is an optional extra that provides cover for personal items away from the home eg a laptop, digital camera, wallets, bikes etc. The amount of personal belongings cover is stipulated by you and is generally £500, £1000, £1500 or £2000.

Home Emergency Cover

This is an optional extra that would provide protection in the event of an unforeseen event such as a burst pipe. You contact your insurance provider and they will arrange a qualified person to come out to your home and make it safe. This type of insurance usually covers the cost of the initial call out and up to a set limit as specified on your policy.

Legal Expenses Cover

This is an optional extra that you can elect to include within your policy and is a way to protect you and your family against some of the costs involved in funding a legal dispute, which can be very expensive eg a dispute with a neighbour. This type of cover can also include access to a legal advice helpline. There is often a maximum level of cover with this type of cover.

_{* Comparethemarket.com – extract of the small print taken from their terms and conditions - Some insurance providers may carry out checks with credit reference and fraud protection agencies in order to provide you with a quote. Compare the market - see small print at bottom of page
Moneysupermarket.com – extract of the small print taken from their terms and conditions - The information you provide may be used to carry out certain credit checks through licensed credit-referencing agencies. This is used as part of the underwriting process for some of the insurance providers and a record of this search will be made although this will not adversely affect your credit profile. Money Supermarket - see terms}