Personal Lines

 

The personal lines and composite European facility business is underwritten under Lloyd’s binding authorities in close working partnerships between Beazley and approved coverholders.  We can offer a range of cover for UK and overseas properties incorporating mid to high value homeowners, non-standard homeowners, holiday homes, private fine art collections and jewellery.

 

The underwriting team draws on in excess of one hundred years collective experience. As recognised experts in the class, the team has developed long term relationships through consistent underwriting and coverholder support. A key element of binding authority business is claims handling; Beazley has an experienced and efficient claims handling team offering a global service.

 

Treating Customers Fairly
Beazley’s philosophy is to treat customers fairly and we embrace and endorse industry codes of practice in that regard.  Our products and services have been designed to ensure that we demonstrate our commitment to treating customers fairly.

 

Coverage available

Providing cover for buildings, contents, jewellery, personal effects and  fine art  both on a fire and perils basis, or risks of direct physical loss or physical damage depending on requirements and country of origin.

 

Specialist areas undewritten by the team include:

 

UK homeowners

  • Mid to high value homes supported by sophisticated rating models and dedicated wording
  • Beazley Trade - web based underwriting platform supporting our mid-net worth product; including processes for rating, quotations, referrals, policy issue, mid-term adjustments (endorsements), renewals and cancellations
  • Facilities for let, previously underpinned properties and non standard homeowners written under delegated authorities with specialist coverholders
  • Overseas holiday homes

Overseas homeowners

  • Mid to high value homeowners in overseas territories excluding USA and Canada

Composite European facilities

  • These facilities provide multiline coverage, such as homeowners, private collections, fine art and light commercial. No one facility is the same and each facility is tailored to the coverholders’ requirements

 

Coverage available

Providing cover for buildings, contents, jewellery, personal effects and  fine art  both on a fire and perils basis, or risks of direct physical loss or physical damage depending on requirements and country of origin.

 

Limits available

Up to £10,000,000 but limits can vary depending on coverage granted and country of origin.

 

Target market

Existing portfolios of well run and profitable business, although new businesses will be considered with a detailed business plan and previous profitable underwriting experience.

 

Key territories

Global excluding USA and Canada