January 25, 2012 by Pro Insurance
Included in some settlement offers is retention. Retention is an amount of money held back by the insurance company until the work is completed. There is usually a date that this must be done by.
You must keep invoices of all the work carried out so that the insurance company can verify that you employed registered contractors. Insurers will only pay VAT on receipt of a VAT invoice complete with a valid VAT number. Your invoices must be the same or over the total settlement offer (amount before excess is taken off) in order to receive your payment.
Once the works are completed by the stipulated date, the corresponding invoices provided and the insurance company satisfied that the works are completed to the requested standard they then will release the retention.
The insurance company may also request photographs of the completed works and/or an inspection of the property. This is completely within their rights and once you have carried out the works as stated you will have nothing to worry about!
January 11, 2012 by Pro Insurance
According to the last Eircom Phonewatch survey burglaries have increased by 4.12% in the last year (twelve months between July 2010 and June 2011).
Dublin is the most targeted county with 42% of the burglaries taking place there. The South side being the most targeted area. However outside of Dublin this number has decreased, statistics showing a drop of 1.7%
November is the month when the majority of burglaries occur. They found that burglaries are frequently taking place in daylight between the hours of 12 and 4, not only in the cover darkness as we would assume.
The survey also found that for 9 of the past 11 years semi detached houses are the most targeted. Similarly for the 5th year in a row 3 bedroom homes are most targeted. Burglaries are more likely to occur on a Thursday than any other day of the week.
It also transpired that 74% of the homes affected did not have monitored house alarms in place. It is worth noting that having an alarm on your property is not only a deterrent but can also reduce your insurance premium, in most cases a reduction of 15% will be applicable for an alarm. Where the alarm is monitored a discount of up to 25% is normally applied.
Tips for home security:
- Never leave a spare key under a mat or in a flower pot- it is the first place people will look.
- Don’t make announcements about your 3 week holiday on Facebook, you never know who will see it and take advantage of an unoccupied property.
- If you do go holidays, use timers for lights and radios. Arrange for a neighbor to get your post you. Having the lights on all the time and the pile of letters in the hall alerts burglars that there’s no one at home. Timers for lights and radios create an impression that someone’s home.
- Make it as difficult as possible to see in the front windows. Fit blinds and pull your curtains at night so your valuables and belongings are not on display.
- Have locks fitted on your windows and ensure your front door has more than one basic lock. Ideally your door should have a deadlock and a secure chubb lock.
- Chain up plastic wheelie bins as they can be used as ladders or even for carrying the stolen items. The same goes for garden equipment and ladders. You don’t want to make it easy for them!