Stamp Collectors Insurance
This is a summary
of the cover and does not contain the full terms and conditions of the
contract. Full terms can be found in the certificate wording which is
available on request.
How are “stamps”
Stamps, covers, envelopes, postcards, albums, philatelic literature, stamp
boxes and cases, and/or other articles of philatelic interest or postal
history or interest. Cover can also be extended to coins, medals and many
other “collectibles” upon request.
Who are my
The insurance is placed with Lloyds’ Underwriters.
of the Certificate
12 months from the date of commencement or as shown in the schedule.
if I take out cover and then change my mind?
If this is within 14 days from the date of commencement and there have
been no claims then we will allow a full return of premium.
What is covered?
The insurance is against all risks of physical loss or damage subject
to certain exclusions. The exclusions include damage caused by wear and
tear, gradual deterioration , moth, vermin, or directly caused by conditions
of storage i.e. in albums stacked on their sides or in unsuitable damp
locations. As with all insurance false or fraudulent claims will result
in the insurance becoming void and all claims being forfeited.
What is the
basis of valuation?
Market value, the intention of the insurance being to place you in the
same position as if you had sold the collection on the day of the loss.
If an item forming part of a set is lost or damaged then the settlement
will be either the market value of the block or set with the Underwriter
retaining the remaining part or the difference in market value.
the geographical limits?
Cover is extended to anywhere within UK (including in transit) subject
to a limit of £15,000 away from the home. Cover for higher sums
away from home, other locations and overseas exhibitions is readily available
upon request. Restricted cover for material kept in a bank is available
at reduced premiums. We are also able to arrange cover for those living
Single items over £1,000 must be specified.
Transits of values over £150 must be sent by Special Delivery or
accompanied by you or your representative. It is important to be aware
that accompanied means under close personal supervision and would, for
example, exclude losses from unattended motor vehicles.
The insurance is subject to average which means that if the sum insured
is less than the market value claim settlements will be reduced in the
How do I
notify a claim?
By letter, telephone, fax or email to Wardrop & Co Ltd.
In the event that you wish to make a complaint you may contact us at:
Wardrop & Co Ltd.
PO Box 772
Or telephone 01376 563764 or email email@example.com
Should you remain dissatisfied with the response that you receive from us, you may if you wish, refer your complaint to Lloyd's. Lloyd's will investigate the matter and provide a final response. Lloyd's contact details are as follows:
One Lime Street
Telephone: +44 (0)20 7327 5693
Fax: +44 (0)20 7327 5225
Ultimately, should you remain dissatisfied with Lloyd's final response, you may, if eligible, refer your complaint to the Financial Ombudsman Service (FOS). The Financial Ombudsman Service is an independent service in the UK for settling disputes between consumers and businesses providing financial services.
The FOS's contact details are as follows:
Financial Ombudsman Service
Telephone: +44 (0)300 123 9 123