18/05/2026
Did you know the person insured isn’t always the owner of the insurance policy? 🧐
This is known as policy ownership, and it can make a big difference when it comes time to make a claim.
📌 The policy owner has the legal rights to:
• Make changes to the policy
• Cancel the policy
• Receive certain benefits
That means the person covered by the insurance may not be the one in control.
Common examples include:
• Parents taking out insurance for their children
• One partner owning a policy for the other
If ownership isn’t set up correctly, it can lead to delays, confusion, or even disputes when a claim is made.
✅ Our Risk Insurance team can review your policies to ensure everything is structured properly, so your cover works exactly as intended and your loved ones are protected.
📞 Get in touch today for a quick policy ownership check. It only takes a few minutes and could save a lot of stress in the future.
Contact the team on 0800 277 2643 ☎