Property Insurance Tips


Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialised forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or boiler insurance.

Key takeaway – understanding property insurance

There are five types of property insurance coverage tips: replacement cost, actual cash value, and extended replacement costs.


Replacement cost

Covers the cost of repairing or replacing property at the same or equal value. The coverage is based on replacement cost values rather than the cash value of items.

Actual cash value

Coverage pays the owner or renter the replacement cost minus depreciation. If the destroyed item is 10 years old, you get the value of a 10-year-old item, not a new one.

Extended replacement costs

Will pay more than the coverage limit if the costs for construction have gone up; however, this usually won’t exceed 25% of the limit. When you buy insurance, the limit is the maximum amount of benefit the insurance company will pay for a given situation or occurrence.

Accidental damage

This is normally covered for accidental damage to buildings under a basic policy. You’re usually covered under basic policies for accidental damage to contents too. Including home entertainment equipment, computers, mirrors, and glass.

Alternative accommodation & legal cover

It’s worth checking the small print to make sure the insurance company will cover you for a reasonable amount of alternative accommodation in case you can’t go back to your building for a while. Legal cover is something that’s often overlooked but is very important. Without legal cover, you’d be liable to pay them any compensation and possibly their court costs (as well as your own).



Maintaining your business’ property is one of the key challenges you face in delivering quality products and services to your clients.

At Trevellyan Insurance Brokers we like to help our clients find the best policy that is reliable for their property. Our services help you look for the right quote which is suitable for your needs.

Contact us today on 0207 537 6603 or leave us an email on We will ensure that you will get excellent coverage.

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