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.
S
Subrogation
The right of an insurer who has indemnified a policyholder to take over any legal rights the policyholder may have had in respect of that particular claim.
Sum Insured
This is the amount of money for which a property is insured. This is therefore the maximum amount that the insurance company will pay in the event of a claim being made.
Syndicate
This term referring to a group of underwriters at Lloyd's
