Notes about the Magenta Contract

Please refer the following

Claims Experience

No theft claims in the last 6 months, not more than 3 in the past 5 years totaling not more than £1,000 AND not more than one claim of one type.

Occupations - refer

Actor Club Owner Licenced Victualler Motor Trader Publican Sportsperson
Furrier Musician Antique Dealer Market Trader Stamp/ Coin dealer Street Trader
Jeweller Model Coin Dealer Scrap Metal Dealer Performer Student
        Unemployed  

Anyone involved in :

Casinos Entertainment Gambling Racing HM Forces

Investment Properties :

Properties bought for refurbishment and/or resale NOT acceptable

Boarded up (any part):

NON STANDARD CONSTRUCTION

i.e. NOT brick, stone or concrete rigid metal

Underwriting Notes

1) Accidental damage is NOT available

2) A subsidence excess of £1,000 applies

3) Properties unoccupied at inception are restricted to Fire, Lightning, Earthquake and Explosion only.

4) If the property should become unoccupied the underwriters must be advised within 7 days.

a) From 7 - 21 days all utilities must be switched off at the mains and the central heating drained except for the months of November - March inc when the central heating can be left on on a 24 hour basis. The premises must also be inspected at least once every 7 days by a responsible adult.

b) From 21 days cover is restricted to Fire, Lightning, Earthquake, Explosion and Subsidence

c) After 160 days the policy may be cancelled by giving 7 days notice.

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