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Why does Webber Insurance ask for my current insurance schedule?
AI Doc Summarizer Doc Summary

A current insurance schedule provides a useful snapshot of the existing insurance program. It helps Webber Insurance understand what is presently insured and what may need to be retained or reconsidered.

What can a schedule show? #

Depending on the policy, it may identify:

  • Insured business names.
  • Policy type and sections.
  • Insurance limits and excesses.
  • Property values or vehicles.
  • Interested parties.
  • Insurer and policy dates.
  • Retroactive dates or other scheduled conditions.

Why is it useful when obtaining alternatives? #

A policy can contain several sections or extensions that are not obvious from its product name. Reviewing the schedule helps avoid comparing a broad replacement quote with only one part of the existing cover.

Does the schedule replace an application? #

No. It may not reflect current activities, turnover, claims, new exposures or changes since the policy was arranged.

Updated proposal information can still be required.

Should the full wording also be provided? #

The schedule is normally the best starting point. The wording, endorsements or other documents may be required where a particular term, exclusion or benefit needs to be compared.

What if the schedule is unavailable? #

You can still make an enquiry. Provide the information you have and Webber Insurance can confirm what else is required.

General Advice Warning: The information on this page is general in nature and does not take your personal circumstances into account. You should consider whether it is appropriate for you and seek professional advice before making any decisions. For tailored advice, please contact Webber Insurance Services.