Health Insurance - Before you Insure

An insurance endorsement is a formal update to your policy that changes its terms. It can expand or limit coverage based on new circumstances.

For example, if you are carrying out home renovations, an endorsement may temporarily adjust your cover during construction.

Endorsements can be added at the start of your policy or mid-term if your circumstances change.

For a full breakdown, check out our detailed guide here: What is an endorsement on my insurance policy?.

What is a Schedule of Insurance?

Your Schedule of Insurance is a handy document that summarises all the important details specific to your insurance policy. Think of it as a personalised snapshot—clearly laying out the key info such as:

• Your personal details
• Exactly what's covered
• Policy start and end dates
• Any specific terms or endorsements that apply to you

We always recommend double-checking your schedule carefully. Keep this document safe, along with your other policy documents, so you can refer to it whenever you need it.

Spotted a mistake, or something unclear? Give us a quick call on 01 524 6000 or send an email complaints@123.ie - we’ll happily clear things up.

A Statement of Fact is a clear summary of all the important details you've provided about yourself, your vehicle, and your insurance needs. It confirms the information we use to set up your policy.

Make sure it’s accurate—need changes? Let us know straight away.

A proposal form gathers all the important details we need from you to set up your insurance, such as your claims history, car details, or your home’s rebuild cost. At 123.ie, it’s quick, easy, and paper-free—done online or over the phone. Simple!

Utmost Good Faith is the obligation to voluntarily, accurately, and fully disclose all material facts related to the insurance risk, regardless of whether they are specifically requested.

Being transparent about all relevant details ensures your policy is valid and provides the right coverage. For more information, review our policy documents or contact us for assistance.

In insurance, ‘risk’ can mean two things:

1. The insured item – This is what is being covered, such as a car, home, or belongings.

2. The insured event – This is the situation you are protected against, like theft, fire, or accidental damage.

For example, if you insure your car, the car itself is the insured risk, while events like theft or a collision are the risks you’re covered against. Insurers assess both to determine policy coverage, terms, and premiums.

Need help to understand your cover? We’re here to help. Contact us for guidance or review your policy documents for full details.

Non-disclosure happens when you don’t share information that’s needed when you’re applying for, renewing, or changing your policy.

Insurers rely on the details you give to set up your cover and keep it right throughout the year. If important information is left out, your insurer may cancel your policy, reduce the amount they pay, or refuse to pay a claim.

Not sure what counts as relevant info? We can help. Contact us or read your policy documents to stay on the right track.

A peril is an event or cause that leads to a loss covered by insurance. For example, fire is considered a peril under Home Insurance, as it can result in property damage and financial loss.

An insurance premium is the amount you pay to an insurance company to cover a specific risk, such as your Car or Home, for a set period of time - typically one year. Terms and conditions apply, see our policy documents for more information.

An exclusion is something your policy doesn’t cover. It’s a clearly listed situation, item, or event that isn’t included in your insurance.

For example, if your vehicle is stolen while left unlocked, you may not be covered. You’ll find all exclusions, terms, and conditions in our policy documents.

The limit of liability refers to the maximum amount an insurance company will pay for a covered event or item. This cap may apply within a specific timeframe.

For instance, the personal accident benefit for Car Insurance has a yearly limit of €5,000. For more information on specific limits, see our policy documents.