Hiscox, a London-based insurer established in 1901 and the leader of high-value homes and contents insurance in Europe, has been operating in Portugal since 2002.
Through several recent initiatives to expand their distribution in the Algarve, their household products are now more easily available to foreign clients with a home in Portugal, for whom Hiscox has two policies: Overseas 606 for permanent homes and the Holiday Homes product. On both they offer:
▪ Considerably broader cover than most of its competitors.
▪ An award-winning claims service.
▪ Wordings in plain English with warranties free cover.
As a result, Hiscox clients rate their claims service in Portugal at 4.65 (scale from 1 to 5), which is a proud achievement for the company.
For main homes, Hiscox offers policies when the home contents have a value over €150,000. Their comprehensive cover automatically includes all buildings and permanent structures, garden, outdoor contents, and all contents within or outside of the home, with specialised cover for fine art and valuables.
Hiscox also covers their clients’ liability worldwide, adapting perfectly to different lifestyles.
When it comes to insuring a holiday home, Hiscox believes there’s no need to compromise on cover just because the client is not there very often. Unlike most competitors, Hiscox has no cover restrictions when the client’s home is left unoccupied nor in most situations when the client’s home is let. The cover is also flexible enough to provide cover for anything in a holiday home.