UK Product Updates effective April 2021

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BPlease note that our policy wordings have been updated for new business and renewals with an effective date of 1st April 2021 and onwards. You can view all new product documentation on the Document Centre. 

Here's a summary of the key updates per product available on the Plum Online Portal:
 

Flex 

  • Increase from £25,000 to £30,000 under definition of building works
  • Property in the open increased from £1,000 to £2,000
  • Money increased from £750 to £1,000
  • Credit Cards increased from £500 to £1,000
  • Pedal Cycles increased from £500 to £750
  • Contents in garage and outbuildings increased from £5,000 to £7,500
  • Increase number of days within the unoccupied definition from 30 to 60 days
  • Increase of trace and access limit from £5,000 to £7,500
  • Infectious or contagious diseases exclusion added


Let 

  • Increase from £25,000 to £30,000 under definition of building works
  • Increase of trace and access limit from £5,000 to £7,500
  • Removed all references to rent guarantee cover as this is no longer available (option to have cover was removed from new business in March 2020 and from renewals in July 2020)
  • Infectious or contagious diseases exclusion added

 

Retreat

  • Increase from £25,000 to £30,000 under definition of building works
  • Increase of trace and access limit from £5,000 to £7,500
  • We've updated Section 4: Legal Liability to the Public to make it clearer we cover for bodily injury and damage to property caused by accidents at the premises only
  • Infectious or contagious diseases exclusion added


Overseas Retreat

  • Increase from £25,000 to £30,000 under definition of building works
  • We've updated Section 4: Legal Liability to the Public to make it clearer we cover for bodily injury and damage to property caused by accidents at the premises only
  • Infectious or contagious diseases exclusion added

 

Unoccupied 

  • Increase from £25,000 to £30,000 under definition of building works 
  • Under definition ‘contents does not include’ we've added the following exclusion: Contents in the open
  • Infectious or contagious diseases exclusion added

 

Premier 

  • Under ‘general exclusions’ we've added an additional bullet point (for loss or damage due to the failure or lack of grouting or sealant)
  • Travel Cover was no longer available from 1sy July 2020 so this section has now been removed from the wording

 

Amethyst

  • Under ‘general exclusions’ we've added an additional bullet point (for loss or damage due to the failure or lack of grouting or sealant)
  • Under Section 2 Contents Special Extensions we've made it clearer that cover restricted to a maximum of £15,000 for any one period of insurance

 

Amethyst Original 

  • Increase from £25,000 to £30,000 under definition of building works
  • Under ‘general exclusions’ we've added an additional bullet point (for loss or damage due to the failure or lack of grouting or sealant)
  • We've updated the wording & schedules to note Legal Insurance Management Limited as the claims contact for Home Emergency (cover is still underwritten by AmTrust Europe Limited)  

 

HomeWorks & PropertyWorks

  • Infectious or contagious diseases exclusion added 


Here's a summary of the key updates per product available on EDI software houses:



eFlex 

  • Under Section 1 Buildings and Section 2 Contents – Accidental Damage removed under ‘what is not covered’ point d (shown as point e under Section 2: Contents): for damage while the home is lent, let or sublet


eLet 

  • Increased unoccupied definition to 30 consecutive days 
  • We've updated General Condition 11: Inspection of the Premises Whilst the Home is Tenanted to include the following sentence: ‘This includes if the home is let to friends and/or your family members’
  • We've updated Claim Conditions point K) Tenancy Agreement to make it clearer that the condition is applicable also if the property is rented to friends and family


You can view a full What's Changed document per product by clicking here >>

If you have any questions about what's contained in this technical update you can contact us at technical-management@plum-underwriting.com