< Home Insurance

Glossary

Home insurance terms explained

We have put together a handy glossary to make it easier for you to understand all of the terms we use for home insurance. This glossary contains definitions for the keywords you are most likely to come across when getting a home insurance quote or looking through your policy documents.

Buildings

Your home and its fixtures and fittings, interior decorations, swimming pools (but not outdoor spas and hot tubs), fuel, septic and service tanks, terraces, patios, decks, paths, driveways, tennis courts, walls, fences and gates for which you are legally responsible, all within the boundary of your home.

Business Day

Business day means any day except Saturday, Sunday, bank holidays and public holidays.

Cancelling the Policy

You may cancel the policy at any time by giving us written notice. We may cancel the policy (or any section) by giving you 14 days’ notice by registered post to your last known address.

Claim 

A request made by the insured for compensation from the insurance company in the event of loss or damage to the buildings or contents.

Contents

Household goods, personal belongings and valuables within your home which you or any member of your household own or for which you are responsible.

Endorsement

Additional terms, conditions, limits or exclusions which apply to the policy. They are listed on the policy schedule and/or in the policy booklet.

Excess

The amount you must pay towards certain claims. This is shown in your schedule.

Index-linking

We will adjust your building and contents sums insured each year using the index that we feel best protects you against the effects of inflation.

Material Fact 

Any information which could impact your premium, or the decision of the insurance company to offer you insurance.

Mid term alterations (MTA)

If you make a change to your policy and this results in an adjustment in premium, we will not charge you for premium adjustments less than €20, nor will we refund you any premium amounts of less than €20.

No Claims Bonus

For every year you remain claims free with us we will increase your no claims discount at the following renewal based on the following scale:

  • one year 15%,
  • two years 18%,
  • three years 25%,
  • four years 35%,
  • five or more 40%.

If you make a claim on your policy (excluding “Jury Service” claims) your NCD will reduce to 0 years/ 0% discount at the following renewal.

Partner

Your partner or husband or wife, living at the same address as you and sharing financial responsibilities with you. This does not include any business partner or associate.

Period/ Term of Insurance

The period of time covered by this policy, as shown in the schedule, and any further period that we agree to insure you for.

Personal Belongings

Luggage, clothing, sports, musical and photographic equipment and other items that you normally wear or take with you.

Quotation

The premium/ price and the cover we are prepared to offer based on the proposal details submitted by you.

Schedule

The document which gives details of the cover you have.

Unfurnished

Does not contain enough furniture for normal living.

Unoccupied 

Not permanently lived in by a member of your household or any other person who has your permission.

Valuables

Jewellery, furs, items of precious metals, pictures and works of art.

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1. Acceptance criteria, terms & conditions apply. Offer subject to minimum premium of €230 for home (€115 for Contents or Buildings only).

2. Acceptance criteria, terms and conditions apply. Price match applies to life insurance quotes only. Price match only applies to standard quotes provided by Irish Life, Friends First, New Ireland, Royal London and Zurich with the same level and term of cover up to a max sum assured of €1,500,000. Does not apply to promotional offers. Terms & conditions: The above is intended as a brief summary of the product. For full details, please talk to our Direct Team on 1890 242 227. Terms, conditions and qualification criteria apply.

3. Acceptance criteria, terms and conditions apply to our mortgage protection cover. All discounts applied are subject to a minimum premium of €15 per month. Life and Protection Cover is underwritten by Aviva Life & Pensions Ireland DAC.

Aviva Direct Ireland Limited is regulated by the Central Bank of Ireland. Car insurance and home insurance are underwritten by Aviva Insurance Ireland DAC.

Aviva Insurance Ireland Designated Activity Company, trading as Aviva, is regulated by the Central Bank of Ireland. A private company limited by shares. Registered in Ireland No. 605769. Registered Office: One Park Place, Hatch Street, Dublin 2, Ireland, D02 E651.