more than that amount should your house be destroyed, even if it would cost more to replace it.
Premium –this is the price of insurance protection for a specified item, building or possession for a given period.
Deductible – This is the amount which needs to be paid before a claim is payable. Once paid, only the amount in excess of the deductible can be claimed.
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Jeffrey Lewis –
About the Author:
For more information about NatWest home insurance, including contents insurance and buildings insurance, visit your local NatWest branch or go online at www.natwest.com/personal/insurance/g1/home-insurance.ashx.
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