No rates are based on the full reinstatement value of the structure including foundations. If you under insure you will be penalized in the event of a claim- you will only receive a ratable proportion of your loss.
Most of our policies cover open driving- driving is permitted by any person with the insured’s consent , between the ages of 25-70 who has had a drivers license in excess of 2 years. Some of our policies differ in this regard so be sure to ask our staff.
Unlike some other countries where Insurers set the sum insured on your car, here you are generally required to state the sum insured or the value is determined by your bill of sale – this may or may not be depreciated annually by insurers – ask us for more information.