Property and Equipment Insurance

 

To protect your group's assets, you need a policy that is up to the job of meeting your specific and unique needs.

 

This policy is designed to provide insurance cover for property and equipment (contents and buildings), along with personal effects, money, cancellation and abandonment, and trailers.

 

This policy covers UK domiciled groups/entities only.

 

The policy is divided into various sections allowing you to pick and choose which elements are right for you.

 

 

 

 

Buildings Cover

 

This covers buildings, facilities, campsites etc. against a wide range of dangers, perils and risks. The policy provides cover for the full repair or replacement cost; subject to an excess for certain losses. The premium depends on several risk factors. This section also covers property related legal expenses.

 

Valuation

 

The value of the building(s) to be insured should be confirmed, in writing, by a suitable adviser. You should ask your adviser to include sums for boundary walls and fences (where appropriate), and for debris removal, and professional fees.

 

The importance of the valuation cannot be minimised. Once the valuation is done there is no requirement to repeat it annually.

 

The insurance cover on buildings will be increased automatically over the year to keep pace with the escalation of building costs.

 

Do remember to tell us if you improve your property after the original valuation.

 

 

Subsidence and Heave

 

The Scout Association has received an increasing number of enquiries concerning the provision of subsidence and heave cover. These perils have not previously been widely available, although we have negotiated cover in specific instances.

 

Due to the variations in style and construction implicit in a contract policy of this kind, it is not possible to provide such cover within the existing framework. However, the Insurers have agreed that subsidence and heave cover may be available on buildings of brick, slate, stone, or concrete construction, subject to completion of an appropriate questionnaire and payment of an additional premium.

 

 

Value Added Tax - Guidance Notes

 

It is important to ensure that declared sums insured should be adequate to cover rebuilding costs. Allowance must be made for the effects of inflation during the policy year, and rebuilding period. You should also provide for normal VAT not recoverable in the case of partial exemption status.

 

Although the 1989 Finance Act states that new constructions and total rebuilds in respect of domestic buildings or buildings used for relevant charitable purpose will remain zero rated, partial rebuilds will, however, continue to remain subject to standard VAT rating.

 

It is possible that in extreme circumstances the repair of a building could equal the cost of a total rebuild. Accordingly, to avoid the problems of under-insurance, it is recommended that sums insured be increased by the proportion of VAT not recoverable by individual Scout Groups.

 

 

 

Contents/equipment, including personal effects and money Cover

 

This includes contents of your premises, equipment, furniture, fixtures and fittings not the property of the landlord for which you are responsible, and also anywhere in the UK or on the continent of Europe. This also covers the personal effects of the group, and money that is the property of the group.

 

 

 

Loss of Revenue Cover (extension to Buildings and Contents sections)

 

This part of the policy extends cover for your Loss of Revenue from your premises and/or equipment, in the event of an insured peril. For example, if your premises become unusable and you earn income from a playgroup that uses the hall once a week, this cover indemnifies you against that loss.

 

 

 

Cancellation and abandonment Cover

 

This provides compensation to a group for the net determined loss of expenses sustained or incurred as a result of the cancellation or abandonment of an insured event.

 

 

 

Trailer Cover

 

This provides cover for trailers that the group own or for which they are responsible for whilst being used for declared or social, domestic and pleasure purposes.

 

 

 

 

Explorer Scouts and Network Insurance

 

Please click here for an explanation of how to cover Explorer and Network property and equipment.

 

 

 

 

If you wish to apply for this cover please contact us.

 

 

 

For further information, or to request an application pack, please contact us.

 

 

 

An online version of the policy summary, and application forms that can be printed off, filled in, and sent to us at the address in the contact us section is available in our Resources section here.