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Information
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t
Company:
Midas Underwriting limited on
behalf of Axa Insurance UK plc
AXA Insurance UK plc. are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct
Authority and the Prudential Regulation Authority. This can be checked on the FCA register www.fca.org.uk/register
Product:
Midas Crown
The information provided in this document is a summary of the key features and exclusions of the Policy and does not form part of the
contract between us. Complete pre-contract and contractual information about the product can be found in the policy wording
provided by your insurance broker
What
is
this type of insur
anc
e?
Household Buildings and Contents Insurance designed to provide cover for loss or damage to private residences, let properties, holiday
homes and unoccupied properties
What
is
insured?
✓ Loss or damage directly caused by fire and resultant smoke
damage, lightning, explosion or earthquake, aircraft and
other flying devices or items dropped on them, storm, flood,
weight of snow, escape of water (from burst pipes or tanks),
escape of oil (from fixed heating installation), theft or
attempted theft, collision by any vehicle or animal, riot,
violent disorder or persons acting maliciously, subsidence,
collapse of aerials or satellite dishes (under Buildings section
only), falling trees up the Buildings and/or Contents sums
insured detailed on your schedule
✓ Loss of rent up to 20% of the sum insured for Buildings
✓ Alternative accommodation up to 10% of the Contents sum
insured
✓ Increased domestic metered water charges up to £750
✓ Trace and Access up to £5,000
✓ Replacement of plants, trees & bushes up to £1,000
✓ Property Owners liability up to £2,000,000
✓ Theft of Contents in garages or outbuildings up to £5,000
✓ Property in the open up to £1,000
✓ Money and credit cards up to £500
✓ Documents up to £1,500
✓ Pedal Cycles up to £500
✓ Visitors personal effects up to £500
✓ Fatal injury up to £5,000
✓ Replacement of locks up to £1,000
✓ Domestic freezer contents up to £750
✓ Occupiers liability up to £2,000,000
✓ Domestic Staffs personal possessions up to £500
✓ Students Contents up to £5,000
✓ Valuables within Contents up to £5,000 or 10% of the sum
insured whichever the greater
✓ Valuables single item limit up to £2,000
✓ Contents single item limit up to £10,000
✓ Accidents to domestic staff up to £10,000,000
Optional Covers
• Accidental Damage (this may not be available for certain
types of properties)
• Pedal cycles beyond the confines of the home
• Personal Possessions beyond the confines of the home
What
is
not insured?
Loss or damage to domestic fixed oil tanks, swimming
pools, tennis courts, drives, patios, terraces, gates, fences,
paths, hedges or any felt roof which is more than 10 years
old caused by storm, flood or weight of snow
Loss or damage caused by rising ground water tables
Loss or damage caused by the failure or lack of grout
and/or sealant
Loss or damage from water overflowing from baths, sinks,
bidets, showers as a result of taps being left on unless
accidental damage option is chosen
Loss or damage if your home is unfurnished (see
definitions in your policy wording) caused by escape of
water, escape of oil, theft or attempted theft and
accidental damage to fixed glass, solar panels, sanitary
ware and ceramic hobs.
Loss or damage caused by wear, tear or damage that
happens over time e.g. damp, rot and damage from
vermin
Loss or damage caused by your willful act or caused with
your agreement, knowledge or collusion
Are there any restrictions on
c
o
v
er?
! You will need to bear the first amount of each claim, this is
known as the excess
! The compulsory excess is £200
! The subsidence, landslip and heave excess is a minimum of
£1,000
! The escape of water excess is a minimum of £500
! The malicious damage excess is increased to £2,500 if any
loss or damage arises from illegal cultivation of drugs by
the Tenant
! Excess amounts may vary depending if you have selected
any voluntary excess
! Loss or damage if the property is left unoccupied (see
definitions in your policy wording) for Buildings and
Contents caused by storm, flood or weight of snow, escape
of water, escape of oil, theft or attempted theft, persons
acting maliciously
! Theft or attempted theft of valuables within Contents if
the property is unoccupied (see definitions in your Policy
wording)
Wha
t are my obligations?
• At the start of the contract the information you provide must be true and complete to the best of your knowledge
and belief
• You must provide complete and accurate answers to any questions asked
• You must pay the premium on time
• You must inform your insurance broker as soon as possible of any changes which may affect this insurance (see
policy wording for full details)
• If you make a claim you must provide us with all relevant information about the claim
When and how do I pay?
• You can usually pay your premium as a one-off payment or in monthly instalments. You will need to contact your
insurance broker for full details.
When does the cover start and end?
The period of insurance is for a duration of one year and will start on the date you select when you purchase the policy
and end one year later.
How do I cancel the contract?
• You can cancel this insurance by contacting the insurance broker who sold you this insurance. If you decide that
you do not wish to proceed and cancel within the 14-day cooling off period from either, the date you receive your
policy documentation or the start of the period of insurance (whichever is the later) we will refund the premium in
full, provided you have not made any claims.
• This will mean cover is cancelled back to the start date and you will not have been on cover with us. If you wish to
cancel this insurance outside of the 14-day cooling off period, we will refund any premium, subject to a deduction
for any time you have already been covered for.
Where am I covered?
England, Wales, Scotland, Northern Ireland, Isle of Man and the Channel Islands
