Care home insurance – what should be covered?


Posted on November 1st, by editor in Caring Times. No Comments

Adrian Carter outlines what should be included in a care home’s insurance policy. During the last 15 years I have visited many care homes in all parts of the country and virtually every one of them has had the same basic requirements as far as insurance is concerned. Contents, including residents’ belongings and their personal money, and buildings cover are obvious enough. Most companies provide accidental damage cover as well as storm, flood, fire, etc, but home owners should check that they have new for old claims settlement on the contents, and reinstatement cover on the buildings. It should be clarified with the insurer as to whether or not VAT needs to be included on the building reinstatement figure – some require it and some don’t. It shouldn’t really be required as the likely maximum loss would result in a rebuild which, for a care home, is currently exempt from VAT. The reinstatement cost or rebuilding cost is not the same as the value of the building or business, so it is important to use the corre





Comments are closed.


Latest blog posts

The NHS and all that jazz

By Caring Times editor GEOFF HODGSON

Last week the National Health Service marked its 70th anniversary. The irony is that, when this all too human institution...

The bland leaving the bland?

By guest blogger JEF SMITH

The headline for an interview which Sir David Behan, the Care Quality Commission’s departing chief executive, gave to The Guardian...

IT comes to CQC

By guest blogger JOHN BURTON

This month, IT is coming to CQC in person. David Behan is leaving, and DB’s replacement is IT, Ian Trenholm...