The A-Z House Insurance Guide.
When looking into buying house insurance it can be a bit daunting when you come across all the terminology involved. So we have compiled a guide to insurance terminology.
Click on the relevant letter that the term or word begins with and find out what it means.
Act of God
This is an event, that could not be anticipated and which is not the fault of any individual. Usually Acts of God are uninsurable..
Actuary
This is a professional who is qualified and applies principles to help to solve financial issues. Usually they work in the fields of life insurance, pensions and investments.
Additional Voluntary Contributions
These are, as they sound, voluntary payments or contributions that can sometimes be made by people to "top up" their pension schemes and hopefully increase their final retirement income.
All Risks
This terms is usually applicable in insurance policies, referring to items that are insured outside of the home that itself may be covered by the policy. It will cover any loss or damage to the specified items except for those excluded from the policy, which should be checked in your policy document when it is received.
