In the UK, insurance policies are subject to Insurance Premium Tax (IPT). There are 2 rates of IPT: standard rate IPT for Commercial and Individual insurance policies; and a higher rate IPT of 20% for…
Read MoreWhen was the last time you had your household contents valued? Inaccuracies in your sums insured can lead to underinsurance and difficulties in the event of a loss.
Read MoreWhat is underinsurance?Underinsurance occurs when you have not taken out the right amount of insurance cover for your needs. A report prepared by the Building Cost Information Service (BCIS) found…
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