The "excess" is the contribution you pay in the event of a claim.

Yes, a home insurance policy covers both the home and its contents. If you are a tenant, you can still cover the contents as long as they belong to you.

No. There is no waiting period with general business insurance.

Profit sharing policies are only available from Enterprise Insurance. They are policies that allow you to receive cashback from us, once you don’t make a claim in 3 years. It is our way of sharing with you, the profit that we have made on your policy, because you did not make a claim.

First of all, you must opt for profit sharing at the inception of the policy or at your earliest renewal. Then once your policy is profit sharing and you remain claim –free for 3 years, you qualify for your profit sharing amount at your third renewal date.

Yes, even though we would advise against it, you are allowed to cancel your policy at any time.

If you cancel your policy after the minimum 3-claim free years, you will still receive your “profit”.

If you make a claim after the minimum period, your profit starts accumulating again. However, if your claim was within the initial 3 year period, you cannot get any profit.

Yes we will still apply discounts where possible.

Yes you still earn the normal NCD

No. For now, all accumulated “profit” must be redeemed after 3 years