covered | March 2021 | Personal

Paragon Household available now

We have strengthened our HomeWriter panel with three new products from general insurer Paragon.

Established in 2000, Paragon provides general insurance products as well as specialist schemes for brokers trading Household, Let Property and Commercial SME Business.

The three new products are:

Paragon Monument
A competitively priced product for UK homeowners looking for standard insurance cover for buildings and content.

Cover summary:
• Maximum buildings sums insured £500,000.
• Maximum contents sums insured £80,000.
• Bedroom rated up to 5 bedrooms.
• Accidental damage cover extension available.
• Legal liability to the public up to £2m.
• Accidents to domestic staff up to £2m.
• Valuables up to 30% of content sum insured within the private dwelling subject to £2,500 limit for any one item unless stated otherwise in the schedule or the specification(s) attached to the schedule.
• Theft from garages/outbuildings £1,500.
• Outdoor contents items £1,000.
• Money cover £500.
• Freezer contents cover £500.
• Credit card cover £2,500.
• Key cover included automatically.

Paragon Noble
This product has an extended underwriting footprint to enable quotations for UK homeowners who require more non-standard cover. It allows for previous subsidence, criminal convictions, or non-standard constructions, while still offering a competitive price.

Cover summary:
• Maximum building sums insured £599,000.
• Maximum contents sums insured £150,000.
• Bedroom rated up to 5 bedrooms.
• Accidental damage cover extension available.
• Legal liability to the public up to £2m.
• Accidents to domestic staff up to £2m.
• Valuables up to 30% of content sum insured within the private dwelling subject to a £3,000 limit for any one item unless stated otherwise in the schedule or the specification(s) attached to the schedule.
• Theft from garages/outbuildings £2,500.
• Outdoor contents items £1,000.
• Money cover £1,000.
• Freezer contents cover £1,000.
• Credit card cover £1,000.
• Key cover included automatically.

Paragon Select Let

This is a competitively priced residential let insurance policy designed to protect UK-based residential landlords’ investment properties where 12-month tenancy agreements are in place.

Cover summary:
• Maximum building sum insured £750,000.
• £5,000 contents sum insured as standard, with the option to increase up to 20% of the building sum insured.
• Accidental damage extension available.
• Landlords’ legal liability £2m.
• Malicious damage by tenants cover available.
• HMOs (multiple occupancy) acceptable.
• Asylum seeker, DSS benefits assisted and student tenants acceptable.
• Loss of rent up to 30% of the buildings sum insured for up to 12-months following a claim.

N.B. All policies are underwritten by Trafalgar Insurance Company Limited, other than Key Cover which is underwritten by Inter Partner Assistance SA (IPA). IPA is fully owned by the AXA Assistance Group.